Conflux is China’s only regulatory-compliant permissionless public blockchain — a distinction that gives it access to Chinese institutional capital, government partnerships, and enterprise clients that no other public blockchain can legally serve in the Chinese market. Beyond its regulatory positioning, Conflux offers genuine technical innovation: its Tree-Graph consensus combines the parallel processing of DAGs with the security guarantees of a blockchain, achieving 3,000+ TPS with sub-second finality while remaining fully decentralized and permissionless. Conflux’s eSpace (an EVM-compatible execution layer) allows Ethereum dApps to deploy without modification, while the native Conflux space uses Conflux’s own transaction model. CFX is the gas token for both spaces and the staking/governance token for the PoS finality layer added in 2022.
| Stat | Value |
|---|---|
| Ticker | CFX |
| Price | $0.06 |
| Market Cap | $308.80M |
| 24h Change | +11.0% |
| Circulating Supply | 5.19B CFX |
| All-Time High | $1.70 |
How It Works
Tree-Graph consensus:
Traditional blockchains process one block at a time in a linear chain — parallel blocks become “uncle” blocks that are wasted. Conflux’s Tree-Graph processes all concurrent blocks simultaneously in a DAG structure, then applies a “GHAST” heaviest chain rule to determine total ordering. This eliminates wasted blocks and achieves much higher throughput than single-chain architectures.
Dual-space architecture:
- Core Space: Conflux’s native transaction model with its own address format and CFX intrinsics
- eSpace: A full EVM-compatible layer accessible via Ethereum tools (MetaMask, Hardhat, etc.)
Both spaces share the same underlying CFX token and Conflux network security.
PoW → PoW+PoS hybrid:
Conflux originally used pure PoW during its 2020 launch. In 2022, a PoS finality gadget was added — a large group of PoS validators provides finality anchoring for the PoW chain, combining PoW’s security with PoS’s fast finality. A gradual transition toward PoS is planned.
China compliance:
Conflux is backed by the Shanghai government and multiple Chinese VCs. It passed China’s blockchain regulatory framework compliance requirement — legally allowed to operate in China. This gives it partnerships with state media giants (CCTV), telecom companies (China Telecom), and access to Chinese enterprise clients.
Tokenomics
| Metric | Value |
|---|---|
| Max Supply | No hard cap (inflationary) |
| PoW mining rewards | ~2 CFX per block |
| PoS staking rewards | ~10–14% APY |
| Ecosystem fund | 40% of initial allocation |
| Private investors | 16% (vested) |
Use Cases
- Gas fees — CFX pays transaction fees in both Core and eSpace
- PoS staking — Stake CFX to PoS validators for finality layer rewards
- Ecosystem incentives — CFX distributed to dApp developers and DeFi users
- China market access — CFX is the reserve token for Conflux’s China-exclusive partnerships
History
- 2018 — Conflux founded by Fan Long (MIT/Tsinghua) and Andrew Chi-Chih Yao (Turing Award winner)
- 2020 — Conflux mainnet launches
- 2021 — Shanghai government partnership; China’s digital yuan (e-CNY) integration explored
- 2022 — Hybrid PoW+PoS upgrade; GHAST finality improvement
- 2023 — China Telecom partnership — SIM-based blockchain phone with Conflux integration
- 2024 — eSpace usage grows as Ethereum developers deploy on Conflux for China access
Common Misconceptions
“Conflux is a centralized Chinese government chain.” Conflux is fully permissionless — anyone globally can mine, validate, or deploy contracts. The Chinese government partnership means regulatory compliance, not government control of the network.
“DAG-based chains are less secure.” Conflux’s Tree-Graph maintains Bitcoin-equivalent security guarantees (under the same assumptions) while achieving higher throughput — a peer-reviewed breakthrough from academic cryptographers.