Conflux

Conflux Cryptocurrency Product Introduction

• Project Overview: Conflux is a permissionless Layer 1 blockchain designed to connect decentralized economies globally, across borders and protocols. As the only regulatory-compliant public blockchain in China, Conflux offers a unique advantage for global crypto projects seeking entry into the Asian market.
• Technical Features: Conflux employs a hybrid PoW (Proof of Work) and PoS (Proof of Stake) consensus mechanism, combined with a Tree-Graph consensus protocol, enabling parallel block processing to significantly reduce network congestion. This provides a fast, secure, and scalable blockchain environment with transaction confirmation times of under a minute and support for up to 6500 TPS (transactions per second).
• Functionality and Applications: Conflux supports the development of decentralized applications (DApps), e-commerce, and Web 3.0 infrastructure. It is compatible with Solidity smart contracts and offers multi-chain asset interoperability along with a one-click cross-chain experience. Additionally, Conflux focuses on transforming consumer payment infrastructure for seamless payment experiences.
• Market Positioning: As a key player in the Chinese market, Conflux has collaborated with global brands and government entities such as the city of Shanghai, McDonald’s China, and Oreo on blockchain and metaverse initiatives. It has also facilitated the testing of AxHKD, a Hong Kong Dollar-backed stablecoin.
• Native Token: Conflux’s native token, CFX, is used for paying transaction fees, participating in network staking to earn rewards, and supporting network security. Users can stake CFX to become validators or stakers, contributing to transaction processing and data storage.
• User Experience: Conflux offers a low-fee, congestion-free network environment, greatly enhancing user experience. Its fast finality mechanism ensures transactions are confirmed without long wait times, making it suitable for high-frequency trading scenarios.
• Developer Support: Conflux provides a developer-friendly environment with support for smart contract custody and no centralized asset issuance restrictions, encouraging innovation and application development on its platform.
• Hardware Innovation: Conflux has introduced the BSIM card, a hardware device integrating cold wallet functionality, mobile wallet interaction, 5G internet, and calling services, further enhancing user security and convenience.