CFX
Conflux is a public layer-1 blockchain for dApps, e-commerce, and Web 3.0 infrastructure. It aims to be more scalable, decentralized, and secure than existing protocols, enabling fast, efficient asset transfers with lower transaction costs.
The platform uses the Tree-Graph consensus mechanism, combining PoW and PoS algorithms. It supports Solidity smart contracts and is compatible with the Ethereum Virtual Machine (EVM). The native token CFX is used for transaction fees, network governance, and miner compensation.
Conflux's unique technical architecture solves industry problems. The Tree-Graph algorithm processes 300-6000 transactions per second (TPS) without sacrificing decentralization. It also offers lower fees than Ethereum and a fee sponsorship mechanism for negative balance users. The integrated staking system provides passive rewards and supports dApp development
