What is CFX

I. Project Introduction

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).

II. Cryptocurrency Information

1) Basic Information

Name: Conflux (CFX)

III. Related Links

Official Website:https://confluxnetwork.org/

Whitepaper:https://confluxnetwork.org/files/Conflux_Economic_Paper_20201230.pdf

Blockchain Explorer:https://evm.confluxscan.io/

Social Media:

https://x.com/Conflux_Network

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.