The currency $CFX is the native currency of the Conflux network, which is a blockchain platform aimed at solving scalability issues through a tree graph architecture that allows for high-speed transaction processing while maintaining decentralization. $CFX is used in network governance, paying transaction fees, securing the network, and participating in the rewards system. The currency has recently seen strong growth, with its price increasing by over 49% within 24 hours, reflecting significant confidence from investors and the community in the network's capabilities and the technological developments it offers. Conflux is characterized by a consensus mechanism that allows for the processing of thousands of transactions per second, making it a strong competitor in the blockchain space, especially in the Asian market and supported by the Chinese government
