$CFX $CFX Although blockchain technology continues to be adopted by the general public, it still faces critical challenges. The biggest issue may be its scalability. As decentralized networks grow, their transaction speeds tend to slow down while fees increase, which can hinder broader adoption of blockchain.

Conflux (CFX) is a blockchain platform specifically designed to address such scalability issues. It utilizes a new tree graph structure aimed at creating a secure, scalable, and fast environment for the development of Web3, including decentralized finance (DeFi) services and decentralized applications (DApps).

The CFX token is a central component of the Conflux network: it plays a vital role in network governance, staking, and transaction fees.