Conflux Token (CFX)

Conflux Token (CFX) is the native cryptocurrency of the Conflux Network, a blockchain platform that aims to connect creators, communities, and markets across borders and protocols. Through its breakthrough Tree-Graph consensus algorithm, Conflux achieves high throughput by parallel processing blocks and transactions, resulting in lower confirmation times and increased transactions per second (TPS). The platform also prioritizes security with its highly tested Proof-of-Work (PoW) consensus mechanism, which provides increased security and protection against reentrance attacks at the protocol level.

Conflux’s interoperability is facilitated by ShuttleFlow, a lightning-fast cross-chain asset bridge built on the platform. ShuttleFlow enables seamless asset transfers between multiple protocols, promoting a connected and integrated blockchain ecosystem. Alongside its scalability, Conflux offers built-in staking capabilities, allowing token holders to participate in the network’s governance and earn staking rewards. Additionally, Conflux distinguishes itself by providing a Fee Sponsorship Mechanism, enabling users with zero wallet balance to engage with the blockchain without financial obstacles.

The CFX token is the foundation of Conflux’s token economy. As a unit of value on the platform, CFX enables token holders to pay transaction fees, earn rewards through staking, rent storage, and participate in network governance. It also incentivizes and rewards miners who ensure the secure operation of the Conflux Network. With a range of features and opportunities, Conflux Token (CFX) empowers users to be active participants in the Conflux ecosystem.