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What is CFX?

Conflux (CFX) is a fast and secure Layer-1 blockchain designed to support scalable decentralized applications (dApps) and cross-border financial services. It focuses on connecting China’s blockchain ecosystem with global markets while meeting regulatory requirements.

  1. Hybrid Consensus – Uses a unique combination of Proof-of-Work and Proof-of-Stake through its Tree-Graph algorithm to ensure both speed and security.
  2. Regulatory Compliance – Recognized as China’s only state-endorsed public blockchain, fully aligned with government regulations.
  3. Real-World Use – Supports cross-border stablecoins like AxCNH and enterprise solutions for trade and finance.

Deep Dive

1. Purpose & Value

Conflux addresses the common blockchain challenge of balancing decentralization, security, and speed. It serves as a compliant platform for businesses and governments, enabling cross-border payments, tokenized assets, and AI-powered applications. For example, its offshore yuan stablecoin, AxCNH, simplifies financial settlements between Asia and emerging markets (AnchorX).

2. Technology & Structure

Conflux’s Tree-Graph consensus allows multiple blocks to be processed at the same time, reaching speeds of up to 15,000 transactions per second with final confirmation in about one minute. Unlike Ethereum, Conflux has two separate execution environments: Core Space for fast transactions and eSpace for compatibility with Ethereum-based apps. This setup lets developers easily move their Ethereum dApps to Conflux while benefiting from its higher speed (CoinMarketCap).

3. What Sets Conflux Apart

  • Regulatory Partnerships: Works with Chinese government-backed companies like China Telecom to develop blockchain SIM cards and digital identity tools.
  • User-Friendly Fees: Enables users to make transactions without needing to hold CFX tokens, making it easier for newcomers.
  • Cross-Chain Bridges: The ShuttleFlow bridge connects Conflux with Ethereum, Binance Smart Chain, and others, allowing smooth transfer of assets across different blockchains.

Conclusion

Conflux aims to be the link between innovative decentralized technology and regulated financial systems. With its hybrid consensus model and strong regional partnerships, especially in China, Conflux is positioned to become a key player in Asia’s blockchain-based trade and finance infrastructure. Will it become the backbone of cross-border blockchain solutions in the region?


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