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.