$CFX is a unique layer-1 blockchain that addresses scalability challenges through its innovative Tree-Graph consensus mechanism. Unlike traditional blockchains that process transactions sequentially, Conflux's hybrid Proof-of-Work (PoW) and Directed Acyclic Graph (DAG) structure allows for parallel processing of blocks. This enables significantly higher transaction throughput without sacrificing decentralization or security.

As the native utility token of the Conflux network is used to power its ecosystem. It facilitates transaction fees, rewards miners, and provides staking and governance rights to its holders. Conflux's strategic position as a state-endorsed public blockchain in China also offers a unique bridge between Eastern and Western Web3 ecosystems.