Conflux Network is a scalable decentralized blockchain network, aiming to realize high throughput and quick confirmation. The consensus algorithm of Conflux Network is a Tree-Graph structure with special directed acyclic graph (DAG). Unlike Ethereum, which only accepts the transactions on a single chain to its ledger, Conflux’s Tree-Graph structure can merge and deal with transaction in all concurrent blocks.
CFX is the native functional token of Conflux Network for network consensus, ecosystem incentives, network governance and staking.
Full name: Conflux Token
Token symbol: CFX
Issue date: October 29, 2020
Total supply: 5,000,000,000
Circulating supply: 686,178,790
Official website: https://confluxnetwork.org/
White paper: https://confluxnetwork.org/en/files/Conflux_Economic_Paper_20201230.pdf
Blockchain explorer: https://bscscan.com/token/0x045c4324039da91c52c55df5d785385aab073dcf
Disclaimer: this introduction derives from the white paper and other official information released by the official project team so that investors can better understand the token and the corresponding project. The content of this paper is obtained through legal channels to ensure the reliability, accuracy and completeness of the information as far as possible, but the accuracy and completeness of the information mentioned in the report are not completely guaranteed. The content of this paper cannot be used as the basis for investment research decisions, moral, responsibility and legal basis or evidence, whether explicitly or implicitly.