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Conflux CFX |
BUY
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$0.0547318 |
4.07 % (24h) |
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Marketcap |
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$284,616,577 |
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Volume 24h |
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$56,820,954 |
Description
Conflux (CFX) is a high-performance layer-1 blockchain that is unique for being the only state-endorsed public blockchain in China. It utilizes a novel "Tree-Graph" consensus algorithm that allows for high transaction throughput while maintaining a high level of security and decentralization. The network is designed to facilitate the cross-border flow of assets and data, particularly between the Asian market and the global digital economy. The CFX token is used to pay for transaction fees, participate in governance, and as collateral for securing the network's consensus nodes.