Conflux
$0.0484
-0.9%(24h)30d
Today
-0.9%
30 Days
3.9%
Price Change (24h)
-$0.000448
BTC$43,500+2.50%
ETH$2,650+1.80%
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SOL$95.00+3.20%BTC$43,500+2.50%ETH$2,650+1.80%USDT$1.00+0.00%BNB$320-0.50%XRP$0.5200-1.20%SOL$95.00+3.20%Today
-0.9%
30 Days
3.9%
Price Change (24h)
-$0.000448
CFX
0.48
Conflux (CFX) is a public layer-1 blockchain engineered to power decentralized applications, e-commerce, and Web 3.0 infrastructure by delivering enhanced scalability, decentralization, and security compared to existing blockchains. The platform facilitates rapid, efficient, congestion-free asset transfers with minimal transaction costs. Built on the Tree-Graph consensus mechanism, it employs both Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. Smart contracts written in Solidity—compatible with Ethereum's EVM—provide Turing-completeness. CFX, Conflux's native token, drives the ecosystem's growth by offering users financial incentives for participation. The token enables transaction fee payment, network governance, and compensation distribution to miners securing the network through staking.
Conflux was founded in 2018, though its core technology began development in 2017. The project promotes blockchain research and education via the Tree-Graph Research Institute, headquartered in Shanghai. Founder and CEO Fan Long is a skilled programmer specializing in blockchain technology and cybersecurity. A Tsinghua University graduate with a Ph.D. in Computer Science from MIT (including the MIT Best Dissertation Award), Long currently serves as an assistant professor at Toronto University. Co-founders YuanJie Zhang and Ming Wu (CTO), alongside research director Guang Yang, complete the founding team. The core team comprises scientists, business managers, researchers, and professionals. Professor Andrew Chi-Chih Yao—a Turing Award recipient, Chinese Academy of Sciences fellow, and Conflux Foundation chief scientist—created the Tree-Graph consensus mechanism.
Conflux's distinctive technical architecture addresses numerous industry challenges and benefits both dApp developers and end users. Via its ShuttleFlow cross-chain protocol, Conflux interoperates with other blockchains, enabling asset transfers to Ethereum, Binance Smart Chain, Huobi Eco Chain, and OKEx Chain. The platform provides developers a decentralized, secure, scalable network plus essential tools meeting regulatory compliance requirements. This enables creation of multi-chain, scalable, secure, and censorship-resistant dApps aligned with investor and community expectations. The Tree-Graph consensus algorithm delivers scalability without sacrificing decentralization. Through parallel block and transaction processing, the network handles 300–6000 TPS. Scalability enables reduced fees relative to Ethereum. The Fee Sponsorship Mechanism permits sponsors to cover transaction costs, allowing users with zero balances to engage with the blockchain. An integrated staking system grants users who stake coins passive rewards. Staking carries less risk than trading and provides consistent earnings. Developers can embed staking directly within dApps, supplying a financial framework for dApp development.
CFX is Conflux's native token used for transaction fee payment, storing value, earning staking rewards, and incentivizing miners. CFX holders participate in network governance, influencing its development and evolution. As of March 2023, 2,654,264,782 CFX circulate from a total supply of 5,278,164,274 CFX. CFX allocation follows this distribution: 40% to the ecological fund, 36% to core team and seed investors, 16% to private investors and reserves, and 8% to the community fund.
Conflux combines the original Proof-of-Work (PoW) consensus with the advanced Tree-Graph algorithm, ensuring enhanced protocol-level security and delivering users safe transactions plus attack protection. The network compensates miners with CFX tokens, ensuring Conflux's long-term reliability.
As of March 2023, Conflux (CFX) trades on major crypto exchanges and investment platforms including Binance, KuCoin, OKX, Gate.io, Bitget, BKEX, Phemex, Indodax, MEXC, LBank, CoinEx, Tokocrypto, DigiFinex, Deepcoin, XT.COM, and many others. Download the CMC mobile app to follow CFX prices in real time. Visit CMC Alexandria for analysis, market news, and updates. Learn about decentralized finance (DeFi) with an in-depth CMC Alexandria article.
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