Conflux (CFX) is a blockchain platform that is being developed in China and is designed to provide a faster and more scalable decentralized application (DApp). Conflux uses a hybrid consensus model of Proof of Work (PoW) and Proof of Stake (PoS) to achieve high performance and security.Conflux was launched in 2018, and during its existence it has already attracted the attention of many investors and technology companies.
In addition, the platform is actively supported by the Chinese authorities, which is a big plus for its development and growth.One of the main features of Conflux is its unique consensus model, which is called Tree Graph (TG).
This model uses a combination of PoW and PoS to ensure high performance and network security.Another important feature is its high throughput.
The platform can process up to 3,000 transactions per second, which is a significant improvement over other blockchain platforms such as Ethereum.Conflux also provides tools for creating and launching dApps that can be used to create various solutions in finance, media, healthcare, education and other industries.
Among the projects launched on the Conflux platform, there are such as JustBet, DeFiSwap and UniFarm.CFX is a cryptocurrency that is used on the Conflux platform.
It is used to pay transaction fees, staking and other operations on the platform. In addition, CFX can be used to receive mining rewards, which makes it attractive to miners.The cost of CFX is quite stable and has potential for growth in the future, especially given the active support of the platform from the Chinese authorities and technology companies.
Conflux is a promising project that has high potential value in the long term due to its innovative matching mechanics and capabilities for creating decentralized applications on the blockchain.