Conflux (CFX)

The project combines proof-of-work with proof-of-stake features, using mining for block production and staking to strengthen finality and network security. Conflux positions itself as a scalable alternative for developers that need low transaction costs and reliable settlement for applications such as DeFi, NFTs, gaming, metaverse projects, and enterprise blockchain use cases.

A defining feature of Conflux is its presence in China and broader Asian markets. The network has often been described as one of the few public blockchains operating with a regulatory-compliant profile in China, giving it a distinctive role for projects seeking exposure to that region. Conflux has also been associated with collaborations involving consumer brands and public-sector initiatives, including blockchain and metaverse-related experiments.

CFX is the native asset of the Conflux Network. It is used to pay transaction and storage fees, participate in staking, support network security, and take part in governance processes. Similar to ETH on Ethereum, CFX is required when users interact with smart contracts and decentralized applications. The token is divided into smaller units known as Drip, enabling precise fee calculation across the network.