CFX Coin: A Glimpse into Innovation and Positioning in Web3
Conflux (CFX) emerges as a public Layer 1 blockchain platform, designed to address the scalability challenges that limit the widespread adoption of blockchain technology. Its goal is to provide a secure, scalable, and fast environment for the development of Web3, including decentralized finance (DeFi) services and decentralized applications (DApps).
The core innovation of Conflux lies in its unique Tree-Graph consensus mechanism, a type of Directed Acyclic Graph (DAG). Unlike traditional blockchains that process transactions linearly, Tree-Graph allows for the parallel processing of multiple blocks, significantly improving performance and security. It operates with a hybrid consensus mechanism of Proof of Work (PoW) and Proof of Stake (PoS), achieving up to 6,000 transactions per second (TPS) and low costs.
The CFX token is fundamental to the network, used for governance, staking, transaction fee payments, and as an incentive for miners. The network is compatible with the Ethereum Virtual Machine (EVM) and facilitates cross-chain interoperability through ShuttleFlow.
Conflux has strategically positioned itself as the "blockchain of China," focusing on the vast Asian market and global enterprise adoption, forging key partnerships such as that with China Telecom. Its price has shown volatility, driven by factors such as the upcoming launch of Conflux Network 3.0 in July 2025. CFX is considered a "high risk, high reward" proposition, whose future largely depends on Chinese policies and the growth of its ecosystem.
