CFX-ConfluxDetailed Description

CFX-Conflux Detailed Description

Conflux Network is a scalable decentralized blockchain network designed for high throughput and fast confirmation. Conflux Network's consensus algorithm is based on a special directed acyclic graph (DAG) structure called a tree graph. Unlike Ethereum, which only accepts transactions from a single chain into its ledger, treemaps can incorporate and process transactions across all concurrent blocks.
CFX is the native utility token of Conflux Network, which is used for network consensus, ecosystem incentives, network governance and staking.