Conflux
Name
Conflux
Summary
Conflux Network is a decentralised and scalable blockchain network that aims for high throughput and quick confirmation.
It was founded by Fan long, YuanJie Zhang and Ming Wu in 2018
It combines Proof-of-Work (PoW) with its new block ordering protocol, Tree-Graph.
Rating
Symbol
CFX
Overview
Conflux Network is a smart contract platform built on top of a high-throughput consensus mechanism and featuring a Turing-complete state machine.
Conflux is a high-throughput first-layer consensus blockchain that employs a novel Tree-Graph consensus algorithm to allow for simultaneous processing of blocks and transactions, resulting in greater throughput and scalability.
Conflux provides a unique edge for companies creating and expanding into Asia, integrating decentralised economies to improve the global DeFi ecosystem, as it is the only regulatory compliant, public, and permissionless blockchain in China.
Historical Price Movement (in INR)
Technology
The Conflux protocol uses a Tree-Graph consensus process to boost its scalability potential in comparison to existing networks like Ethereum, . It is also EVM compliant, allowing smart contracts written in Solidity to be supported by its application layer.
It uses GHAST protocol.
Use of Native tokens in the ecosystem:
The Conflux Network's native utility token, CFX, has the following use cases:
Miners will collect block rewards for each block they create, as well as transaction fees for executing the code.
Ecosystem Incentivization: To encourage people to engage in economic activity that is both meaningful and valuable.
Holders of CFX have the ability to vote on network governance issues.
Staking: The network will distribute rewards at a predetermined rate of 4% to all staked tokens. When the user un-stakes his or her tokens, the incentives will be added to the user's holdings.
Private Equity Funders
16%
Genesis Team
36%
Community Fund
8%
Ecosystem Fund
40%
Volume (18th April 2022)
$56,998,284
Total Supply
1564477982
Circulating supply
1.56B CFX
Crowd Sales
Conflux Network has raised $5 million in a single round of investment.
Funding
12/01/201: Grant- $5M
Country
Singapore
Name of Organization
Conflux foundation limited
Year Incorporated
2018
Registered Address
9, RAFFLES PLACE, #05-00, REPUBLIC PLAZA, SINGAPORE 048619
Dispute Resolution and Governing Law
Singapore
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Fan long | Founder and President | MIT:Ph.D of Computer ScienceTsinghua University Yao Class: Graduation | 10+ Yrs |
| YuanJie Zhang | Co-Founder | Fudan University: Bachelor's DegreeBrandeis University: Master's Degree | NA |
| Ming Wu | Co-Founder and CTO | Institute of Computing Technology: Ph.D, Computer ArchitectureUniversity of Science and Technology of China: B.S., computer | 14 Yrs |
Whitepaper 
