کانفلاکس CFX / Conflux

What Is Conflux (CFX)?

Conflux (CFX) is a public layer-1 blockchain that was made to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure by being more scalable, decentralized, and secure than existing protocols.

Conflux makes it easier to transfer valuable assets by making the process quick, effective, free of network congestion, and with low transaction costs. The platform is based on the Tree-Graph consensus mechanism, and it combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. The protocol uses Turing-complete smart contracts written in Solidity, just like those on Ethereum, and is compatible with the EVM (Ethereum Virtual Machine).

Conflux's growth is fueled by CFX, the platform's native token, which gives users financial incentives to participate and engage more. The token is used to pay transaction fees, govern the network, and is given as compensation to miners who help secure the network via staking.

Who Are the Founders of Conflux?

Conflux was founded in 2018, but its fundamental technology has been in development since 2017. It aims to promote blockchain education and research through the Tree-Graph Research Institute, based in Shanghai.

The company is led by its founder, Fan Long, a talented programmer who specializes in blockchain technology and cybersecurity. Long graduated from Tsinghua University, and he holds a Ph.D. in Computer Science from MIT, where he also received the university’s Best Dissertation Award. He is currently an assistant professor at Toronto University.

Long’s two co-founders are YuanJie Zhang, Ming Wu (CTO), and the company's research director, Guang Yang. The core team is composed of scientists, business managers, researchers, and other professionals.

The protocol's Tree-Graph consensus mechanism was created by Professor Andrew Chi-Chih Yao, a well-known figure in academic computer science, a Turing Award winner, a fellow of the Chinese Academy of Sciences, and the head scientist of the Conflux Foundation.

What Makes Conflux (CFX) Unique?

The Conflux project has a distinctive technical architecture that is meant to solve a number of industry issues and make life easier for both dApp developers and common users.

Conflux interoperates with other blockchains thanks to its cross-chain protocol, ShuttleFlow. This cross-chain bridge lets Conflux transfer assets to other networks like Ethereum, Binance Smart Chain (BSC), Huobi Eco Chain, and OKEx Chain.