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Conflux Network
Conflux is a blockchain platform that enables creators, communities, and markets to connect across borders and protocols, featuring high throughput, security, and interoperability.
Distributed
Description
Conflux is a blockchain platform designed to enable creators, communities, and markets to connect across different borders and protocols. It utilizes a Tree-Graph consensus algorithm that processes blocks and transactions in parallel to achieve high throughput, lower confirmation times, and increase transactions per second (TPS). The platform is secured by a Proof-of-Work (PoW) consensus mechanism with anti-reentrance attack protection. For interoperability, Conflux offers ShuttleFlow, a cross-chain asset bridge for transferring assets between multiple protocols. It also features built-in staking for DeFi applications, with an annualized rate generated by token issuance. A Fee Sponsorship Mechanism allows sponsors to cover transaction fees for other users to facilitate onboarding. The platform's native token, $CFX, is used for transaction fees, staking rewards, renting storage, and participating in network governance.Grant Funding
VC Funding
None
2021
$0
$5M