About Conflux (CFX)
Conflux is an independent decentralized blockchain that aims to connect Asian-based communities and ecosystems with those outside, including western-based networks. Conflux bridges several blockchains within its interconnecting ecosystem, integrating Binance and others in its design.
Conflux is a China-based blockchain development that implements a unique consensus model referred to as a Tree Graph algorithm. Tree-Graph's unique consensus algorithm combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) mechanisms to achieve high security, scalability, and decentralization. The mechanism enables the processing of parallel transactions occuring in a multi-chain environment while providing what is needed for high throughput and significant scalability.
Recently, China's social media platform XiaohongShu, also known as Little Red Book, incorporated Conflux Network as a permissionless blockchain to enable users to display NFTs on their profile page in a digital collection section called "R-Space".
Conflux tokens are the native cryptocurrency used on the Conflux blockchain platform for transaction processing and staking. Conflux is known by its token ticker $CFX. The price of $CFX is updated and available real-time on Binance.