ConfluxCFX

About Conflux (CFX)

Conflux is the only public, permissionless blockchain in China with regulatory compliance. It uses a Tree-Graph consensus mechanism for high throughput and serves as a bridge between Chinese and Western blockchain ecosystems.

How Conflux Prices Are Determined

Conflux prices are determined by supply and demand across global cryptocurrency exchanges. Key factors include trading volume, market sentiment, regulatory developments, technological upgrades, and macroeconomic conditions. Prices can vary between exchanges due to liquidity differences and regional demand.

Frequently Asked Questions

What is Conflux?

Conflux is a Layer 1 blockchain that uses a unique Tree-Graph consensus mechanism to process blocks in parallel rather than sequentially. It is notable for being the only regulatory-compliant public blockchain operating in China, giving it unique access to the Chinese market.

How does Conflux's Tree-Graph consensus work?

Instead of a linear chain of blocks, Conflux organizes blocks in a tree-graph structure where multiple blocks can be produced concurrently. A GHAST algorithm determines the total ordering of transactions, achieving high throughput without sacrificing safety.

Why is Conflux significant in China?

Conflux has regulatory approval to operate in China, partnering with government entities and major Chinese companies. It collaborated with China Telecom on blockchain-based SIM cards and Shanghai municipality on various digital infrastructure projects.