Conflux Price

About the coin

Conflux is a permissionless Layer 1 blockchain that aims to connect decentralized economies across borders and protocols. It has recently transitioned to a hybrid Proof of Work (PoW) and Proof of Stake (PoS) consensus mechanism, providing a fast, secure, and scalable blockchain environment. Conflux is known for its zero congestion, low fees, and enhanced network security. It stands out as the only regulatory compliant public blockchain in China, offering a unique advantage for projects looking to expand into Asia. Conflux has collaborated with global brands and government entities, including the city of Shanghai, McDonald's China, and Oreos, on various blockchain and metaverse initiatives.

Main features

The Conflux Network's native token, CFX, is a hard-capped scarce asset used to pay fees and secure the network through staking. Each CFX contains 10^18 Drip. Transactions on Conflux are handled similarly to those on the Ethereum network, with CFX playing a similar role as ETH. Users can submit contracts with a gas limit and a gas price, denominated in CFX. The network supports interactions through wallets, allowing users to participate in governance votes, stake tokens to earn network interest, and pay for storage and transaction fees.

How it works

Conflux operates as a permissionless blockchain, utilizing a hybrid PoW/PoS consensus to ensure fast and secure transactions. The network's architecture is designed to prevent congestion and maintain low transaction fees. CFX, the native token, is integral to the network's operations, facilitating transactions and governance. Users can stake CFX in community-operated Staking Pools to earn rewards. The token is available on leading exchanges such as Binance, KuCoin, OKEX, Gate, and MEXC, making it accessible for trading and staking.