Conflux

About Conflux

Conflux Token (CFX) is the native currency of the Conflux Network, a scalable and interoperable Layer 1 blockchain. CFX fee is applicable for the transaction fee, staking, governance and ecosystem participation. Conflux has a unique structure known as Tree-Graph, which is quite interesting. This enables it to handle numerous transactions concurrently, even though ensuring security and smooth operations.  The greatest advantage of Conflux is that it is compatible with the Ethereum Virtual Machine (EVM). This simplifies the process for developers to transfer their Ethereum apps to Conflux, or even create new tools that can be used on multiple chains.  If you wish to perform an action on the network, you have to spend a token known as CFX. To become a validator on the network and have the opportunity to participate in the voters' decision-making process in governance proposals, you can stake the CFX tokens.