Conflux (CFX) is a public layer-1 blockchain that was made to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure by being more scalable, decentralized, and secure than existing protocols.

Conflux makes it easier to transfer valuable assets by making the process quick, effective, free of network congestion, and with low transaction costs. The platform is based on the Tree-Graph consensus mechanism, and it combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. The protocol uses Turing-complete smart contracts written in Solidity, just like those on Ethereum, and is compatible with the EVM (Ethereum Virtual Machine).

Conflux's growth is fueled by CFX, the platform's native token, which gives users financial incentives to participate and engage more. The token is used to pay transaction fees, govern the network, and is given as compensation to miners who help secure the network via staking.

Conflux was founded in 2018, but its fundamental technology has been in development since 2017. It aims to promote blockchain education and research through the Tree-Graph Research Institute, based in Shanghai.

The company is led by its founder, Fan Long, a talented programmer who specializes in blockchain technology and cybersecurity. Long graduated from Tsinghua University, and he holds a Ph.D. in Computer Science from MIT, where he also received the university’s Best Dissertation Award. He is currently an assistant professor at Toronto University.

Long’s two co-founders are YuanJie Zhang, Ming Wu (CTO), and the company's research director, Guang Yang. The core team is composed of scientists, business managers, researchers, and other professionals.

The protocol's Tree-Graph consensus mechanism was created by Professor Andrew Chi-Chih Yao, a well-known figure in academic computer science, a Turing Award winner, a fellow of the Chinese Academy of Sciences, and the head scientist of the Conflux Foundation.

The Conflux project has a distinctive technical architecture that is meant to solve a number of industry issues and make life easier for both dApp developers and common users.

Conflux interoperates with other blockchains thanks to its cross-chain protocol, ShuttleFlow. This cross-chain bridge lets Conflux transfer assets to other networks like Ethereum, Binance Smart Chain (BSC), Huobi Eco Chain, and OKEx Chain.

The platform gives programmers access to a decentralized, secure, and scalable network, as well as a set of necessary tools and conditions that are compliant with the relevant regulations. As a result, developers can create multi-chain, scalable, secure, and censorship resistant dApps in line with the demands of investors and the crypto community.

The Tree-Graph consensus algorithm used by Conflux ensures scalability without sacrificing decentralization. Due to the parallel processing of blocks and transactions, the network can process 300–6000 TPS of data per second.

Thanks to its scalability, Conflux provides lower fees compared to other networks like Ethereum. Additionally, because transaction fees are paid for by sponsors thanks to the Fee Sponsorship Mechanism, even users with negative balances can continue using the platform and engage with the blockchain.

Additionally, the platform has an integrated staking system that offers users who stake their coins passive rewards. Staking involves less risk than trading and offers more consistent rewards. Developers can choose to directly offer staking inside of dApps, and the system provides a financial framework for dApp development.

CFX is Conflux’s native token. It’s used to pay transaction fees, as a value store, and to earn staking rewards and other miner incentives. CFX owners can also take part in the management of the network and have an impact on how it grows and changes.

As of March 2023, there is 2,654,264,782 $CFX in circulation out of a total supply of 5,278,164,274 $CFX.

CFX is distributed as follows: 40% goes to the ecological fund, 36% to the core team and seed investors, 16% to private investors and reserves, and 8% to the community fund.

Conflux uses the original and tried-and-true Proof-of-Work (PoW) consensus mechanism in addition to the cutting-edge Tree-Graph algorithm, ensuring enhanced security at the protocol level and ensuring users safe transactions and attack protection. Also, the network gives miners CFX tokens as a reward for their work and to make sure that Conflux will be reliable in the long run.

As of March 2023, Conflux (CFX) is available on crypto exchanges and investing platforms like Binance, KuCoin, OKX, Gate.io, Bitget, BKEX, Phemex, Indodax, MEXC, LBank, CoinEx, Tokocrypto, DigiFinex, Deepcoin, XT.COM and several others.

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The all-time high of CFX was 1.70 USD on 2021-03-27, from which the coin is now down 87.09698541058823%. The all-time high price of Conflux (CFX) is 1.70. The current price of CFX is down 87.09698541058823% from its all-time high.

As of , there is currently 4.04Bn CFX in circulation. CFX has a maximum supply of 0.

The current market cap of CFX is 885.32M. It is calculated by multiplying the current supply of CFX by its real-time market price of 0.21935124802.

The all-time low of CFX was 0.02190914 , from which the coin is now up 901.186025649569%. The all-time low price of Conflux (CFX) is 0.02190914. The current price of CFX is up 901.186025649569% from its all-time low.

Conflux (CFX) has a market capitalization of $885.32M and is ranked #109 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Conflux (CFX) price trends and patterns to find the best time to purchase CFX.