The CFX token is the native digital currency of the network, which is a first-layer public blockchain platform aimed at solving the challenges of scalability, security, and decentralization in blockchain technology [4, 5]. The Conflux network uses a hybrid consensus mechanism based on PoW (Proof of Work) and PoS (Proof of Stake) with a data structure called "tree graph" #TreeGraph to process transactions in parallel, increasing transaction speed and reducing congestion [2, 4]. CFX is used to pay transaction fees on the network, contribute to network maintenance through mining and staking, and grant holders voting rights in network governance [1, 3]
