Conflux priceCFX

Conflux (CFX) is a high-performance, public Layer-1 blockchain that aims to address the scalability trilemma—achieving scalability, security, and decentralization simultaneously. Founded in 2018 in China, Conflux has positioned itself as a bridge between Eastern and Western blockchain ecosystems, notably being one of the few state-endorsed public blockchains in the region. [3, 15, 18, 25]

At the core of Conflux's innovative architecture is its unique Tree-Graph consensus mechanism. Unlike traditional linear blockchains that process blocks sequentially, the Tree-Graph is a directed acyclic graph (DAG) structure that enables the parallel processing of multiple blocks and transactions. [2, 7, 15, 18, 22, 25, 27, 28] This parallel processing, combined with the GHAST algorithm, allows Conflux to achieve high transaction throughput (TPS) and fast confirmation times without sacrificing decentralization or security. [1, 6, 11, 23, 27, 38] Conflux employs a hybrid consensus mechanism, combining Proof-of-Work (PoW) and Proof-of-Stake (PoS). [1, 2, 3, 6, 8, 11, 15, 16, 18, 19, 25, 27, 38, 39] The PoW component is responsible for producing blocks and organizing them within the Tree-Graph, ensuring scalability, while the PoS component provides network finality and strengthens defenses against 51% attacks, creating a robust security model. [1, 6, 8, 11, 39]

This sophisticated design enables Conflux to boast impressive performance metrics. It can process between 3,000 and 6,000 transactions per second (TPS), with some recent upgrades targeting up to 15,000 TPS, and confirmation times often within one minute. [1, 5, 6, 9, 15, 19, 26, 27, 31, 38] Complementing its high throughput, Conflux maintains remarkably low transaction fees, making it an attractive platform for a wide array of decentralized applications. [5, 9, 15, 21, 26, 37]

A key feature for developers is Conflux's dual-space design, comprising the Conflux Core Space and Conflux eSpace. [1, 6, 12, 38] The Core Space is the primary blockchain network, utilizing the hybrid consensus and offering a contract sponsorship mechanism that allows users to interact with contracts even without a token balance, lowering the barrier to entry. [1, 6, 21] The eSpace, on the other hand, is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to seamlessly migrate existing Ethereum smart contracts and leverage familiar tooling like MetaMask and Hardhat. [1, 6, 9, 10, 12, 14, 15, 18, 26, 31] Both spaces can communicate and transfer assets via the CrossSpaceCall contract, ensuring interoperability within the Conflux ecosystem. [1, 6, 12, 39] Furthermore, Conflux is actively developing an EVM-compatible solution to enhance interoperability with Bitcoin, enabling the transfer of Bitcoin-based assets and inscription tokens. [13, 17, 30]

Cross-chain interoperability is further facilitated by ShuttleFlow, a multi-asset bridge built on Conflux. ShuttleFlow allows for seamless asset transfers between Conflux and other major blockchain networks such as Ethereum and BNB Smart Chain, using Conflux as an intermediary chain. [3, 5, 15, 16, 19, 21, 26, 29, 33, 37]

The utility token of the network, CFX, is integral to the Conflux ecosystem. It serves multiple purposes, including paying for transaction fees and smart contract executions, enabling users to stake CFX to contribute to network security and earn rewards, and participating in network governance through voting on proposals. [3, 4, 9, 15, 21, 25, 33, 34, 36] CFX also incentivizes miners and can be used for storage rent and general ecosystem participation. [21, 33] The initial distribution of CFX included pre-mined tokens allocated to private investors, the Conflux Foundation, and reserves for mining rewards and ecosystem incentives, with ongoing inflation from PoW mining and PoS interest. [15, 35, 36]

Conflux’s use cases span across various sectors, including Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), gaming, and broader Web3 infrastructure. [1, 3, 4, 6, 9, 15, 18, 25, 38] It aims to be a foundational infrastructure for Web3, particularly in China, where it has secured significant partnerships with entities like the Shanghai government, China Telecom (for blockchain SIM cards), McDonald's China, and Oreo. [2, 16, 39] The Conflux Foundation actively supports ecosystem growth through various funds, grants, and bounties, fostering a growing community of dApps. [19, 39]

Despite its technical advancements and strategic positioning, Conflux faces challenges, including intense competition from other established Layer-1 blockchains like Ethereum, Solana, and Avalanche, as well as emerging Layer-2 solutions. [9, 31] The project needs to continuously expand its developer community, increase the number of dApps, and drive user adoption globally. [31] Regulatory uncertainties surrounding cryptocurrencies in China also present an ongoing challenge. [31]

Looking ahead, Conflux’s roadmap emphasizes continued advancements in scalability, privacy, efficiency, and interoperability, with a strong focus on AI integration. [20, 32] Future plans include integrating Proof of Useful Work (PoUW) and zero-knowledge proofs. [20, 32] The project is also working on a Bitcoin Layer 2 roadmap, aiming to establish BTC staking mechanisms and enable complex interactions with the Bitcoin blockchain, including support for Ordinals and Inscription. [13, 17, 30] A significant future development involves introducing multiple Virtual Machine spaces and eventually merging them into a unified “SuperVM” to simplify development and enhance liquidity. [20, 24] With the Conflux 3.0 upgrade, the network targets further increases in TPS and faster confirmation times, aiming for substantial growth in dApps and user base by the end of 2025, alongside a transition towards a DAO governance structure. [19, 31]