$CFX $CFX — is a cryptocurrency token of Conflux, a public Layer 1 blockchain designed for scalability, security, and decentralization. Conflux features a unique Tree-Graph structure and employs a hybrid consensus mechanism (a combination of Proof-of-Work and Proof-of-Stake), which ensures high throughput and transaction speed. The CFX token is used for network governance, staking (enhancing security), paying transaction fees, and participating in the ecosystem.

Conflux is compatible with the Ethereum Virtual Machine (EVM), allowing developers to seamlessly deploy dApps and smart contracts on the platform. It is often referred to as "China's Ethereum" due to support from China and its focus on scalability and Web3.