Conflux is a permissionless public Layer 1 blockchain that aims to connect decentralized economies across borders and protocols. It was developed by researchers linked to Turing Award winner Andrew Yao, together with Fan Long and Ming Wu.
Its mainnet launched in 2020. It is known as a public chain operating within China's regulatory framework and has worked with partners such as the city of Shanghai and McDonald's China.
Instead of linking blocks in a single chain, Conflux uses a Tree-Graph structure that processes blocks in parallel to reduce congestion and raise throughput. It later moved to a hybrid PoW and PoS consensus to strengthen network security.
Transactions work much like Ethereum: users set a gas limit and a gas price, with the gas price denominated in CFX. The v3.1.0 hard fork in August 2026 improved Ethereum alignment and fixed transaction-related bugs.
Data provided by CoinGecko
CFX is the native token of the Conflux Network, used for transaction fees, storage costs and staking to help secure the network. One CFX equals 10^18 Drip, and the token is also used in governance votes.
In the ecosystem, AxCNH, a stablecoin pegged 1:1 to the offshore Chinese yuan, was launched with partners including AnchorX. Expanding into cross-border payments and PayFi is a key focus.
Its parallel processing design, low fees and track record of partnerships with Asian institutions are often cited as strengths. Support for an Ethereum-compatible environment also lowers the barrier for developers.
On the other hand, it may be strongly affected by regional regulatory and policy changes, and competition among Layer 1 chains is intense. Crypto assets are highly volatile, and this overview is for information only, not investment advice.
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