Conflux Price

Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. With a hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.

As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.

To learn more about Conflux, visit confluxnetwork.org

Conflux is an advanced blockchain network known for its innovative features and scalability. From its consensus algorithm to interoperability and staking capabilities, Conflux offers a compelling platform for decentralized applications (dApps) and digital asset transfers.

Conflux Network’s Tree-Graph Consensus Algorithm

Unlike traditional linear blockchains, Conflux utilizes a Tree-Graph structure for its consensus algorithm. This distinctive approach enables the confirmation of multiple blocks concurrently. Conflux achieves higher throughput and faster confirmation times by processing blocks in parallel than many leading blockchains.

Tree-Graph and GHAST Chain Selection

Conflux's Tree-Graph ledger seamlessly incorporates all valid blocks, including those processed concurrently. The combination of the Tree-Graph model and the GHAST chain selection mechanism enhances scalability and robustness for dApps deployed on the Conflux platform. This ensures smooth and efficient transaction processing on the network.

Cross-chain Interoperability via ShuttleFlow

The Conflux Network boasts the ShuttleFlow cross-chain asset bridge, facilitating seamless transfers of digital assets across various blockchain ecosystems. This high-speed cross-chain bridge allows users to move their assets between different sustained blockchains effortlessly. It paves the way for enhanced liquidity and interoperability between blockchain networks.

Inbuilt Staking Capabilities

While Conflux adopts a Proof-of-Work (PoW) consensus mechanism, it also incorporates inbuilt staking capabilities. This feature provides a strong foundation for innovative DeFi dApps on the Conflux blockchain. Stakers can earn a 4% annualized rate of return on their staked CFX coins, incentivizing participation and enhancing network security.

Conflux Network was conceived by Dr. Andrew Yao, a renowned scientist and Turing Award recipient. In 2018, the Conflux Foundation was established to develop an open-source application framework based on the unique Tree-Graph consensus mechanism. This mechanism sets Conflux apart from other blockchains and has garnered attention for its scalability and performance.

Conflux Network formed strategic partnerships with the governments of Shanghai and Hunan. The Tree-Graph Research Institute, established in collaboration with the Shanghai government, and the Key Laboratory of Blockchain Infrastructure & Applications, in partnership with the Hunan government, were created to drive the development and adoption of the Conflux blockchain.

The internal testnet of Conflux was launched in May 2018, followed by a successful funding round, securing $35 million for further development. The public testnet was introduced in Q2 of a subsequent year, and the Conflux mainnet went live in Q4. Conflux is China's only regulatory-compliant public, permissionless blockchain due to its unique funding approach and government support.

In 2022, the Conflux developers focused on key features to strengthen the protocol. They introduced the Proof-of-Stake (PoS) finality mechanism to complement the existing Proof-of-Work (PoW) consensus. Additionally, the integration of Ethereum Virtual Machine (EVM) functionality in Q1 extended the platform's compatibility. In Q3, Conflux IPFS integration and other improvements were made to enhance the Web3 infrastructure.

In 2023, Conflux Network, a recognized player in the Chinese market, has seen substantial growth and recognition in the crypto industry. The company has benefited from China's softening stance on crypto, providing a favorable operating environment. Conflux is unique in claiming to be the only crypto company approved to operate in China, even after the 2021 government ban on all crypto products.

Furthermore, Conflux recently received a $10 million investment from DWF Labs, a digital asset market, demonstrating support from key industry players. These developments highlight Conflux's growing acceptance in the Chinese and global crypto communities and its emerging prominence as a notable blockchain platform.

CFX is the native cryptocurrency of the Conflux Network and has the following use cases:

Native Currency of Conflux

CFX serves as the native currency on the Conflux Network. Users need CFX to pay transaction fees when interacting with dApps, executing smart contracts, or utilizing the features of the Conflux blockchain. It is a utility token that facilitates value transfer and incentivizes network participants.

Incentive Token for Miners

CFX is also distributed as a reward to miners who contribute to the security and validation of the Conflux network. Miners receive CFX tokens for their efforts in validating transactions and producing new blocks, supporting the PoW consensus mechanism of Conflux Network.

Stake CFX on Conflux Network

Conflux Network incorporates an enhanced PoW with a PoS finality consensus model. Users can stake their CFX tokens on the network and earn rewards by participating in the staking process. This mechanism allows users to grow their CFX holdings and contribute to the network's security and decentralization.

Trade CFX on KuCoin

CFX can be traded against other cryptocurrencies on various exchanges, allowing users to profit from market fluctuations and volatility. Users can also choose to hold CFX as a long-term investment based on their belief in the potential of the Conflux Network. Ensure that you do your own research before investing in CFX crypto.

Earn Passive Income with KuCoin

Users can lend their CFX tokens on KuCoin Crypto Lending and earn daily interest over a specified period. This allows users to grow their CFX holdings passively while providing liquidity to the market.