CFX

Conflux (CFX) is the native utility token of the Conflux blockchain, a layer-1 public blockchain protocol designed to address scalability limitations while maintaining decentralization and security. The Conflux network employs a directed acyclic graph (DAG) consensus mechanism combined with a tree-graph structure, which enables high transaction throughput and reduced latency compared to traditional blockchain architectures. CFX serves multiple functions within the ecosystem, including transaction fee payments, validator staking for network consensus participation, and governance voting on protocol upgrades and network parameters. The token is also used as the primary currency for smart contract interactions and decentralized applications built on the Conflux platform. The blockchain has gained recognition for its technical innovation in consensus design and its focus on bridging Eastern and Western blockchain ecosystems, with significant backing from leading venture capital firms and strategic partnerships with major technology companies. Conflux differentiates itself through its hybrid consensus approach that aims to achieve higher transaction finality rates while maintaining energy efficiency compared to proof-of-work systems.