$CFX

What Is Conflux (CFX)?

Conflux is a public, permissionless, Layer-1 blockchain platform. Permissionless means no central authority controls who can join and participate in the network. Founded in 2018 in China, it aims to overcome scalability limitations while enhancing security and decentralization.

Conflux is designed to provide high throughput at a relatively low cost for developers looking to build decentralized applications (DApps), decentralized finance (DeFi) platforms, and other Web3 services.

It uses a hybrid consensus mechanism along with an underlying data structure known as the Tree-Graph. This structure allows Conflux to process transactions in parallel while reducing congestion. This can increase transaction speeds and improve network efficiency compared to some traditional linear blockchains.

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