Conflux

Conflux (CFX) is a public layer-1 blockchain that was designed to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. It aims to be more scalable, decentralized, and secure than existing blockchain protocols. The Conflux platform is built on the Tree-Graph consensus mechanism, which combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. This allows the network to process 300-6000 transactions per second, providing faster transaction times and lower fees compared to other blockchains like Ethereum. Conflux is compatible with the Ethereum Virtual Machine (EVM), allowing developers to build Turing-complete smart contracts using Solidity, similar to Ethereum. The platform also offers cross-chain interoperability through its ShuttleFlow protocol, enabling the transfer of assets between Conflux and other networks like Ethereum, Binance Smart Chain, and Huobi Eco Chain. The Conflux network is designed to provide developers with a scalable, secure, and decentralized platform for building dApps, while offering users faster and more cost-effective transactions compared to other blockchain networks.