$CFX

Conflux (CFX) is a blockchain platform that aims to solve the scalability issues faced by many other blockchains. Conflux is the only public blockchain in China, giving it a unique advantage in the Chinese market, as it can reach many users and businesses in this huge market.

Conflux uses a hybrid consensus mechanism called Tree-Graph that enables faster and more efficient transactions. This mechanism is based on combining the characteristics of traditional protocols such as Proof of Work (PoW) with improvements that make it more capable of processing a large number of transactions per second compared to other systems such as Bitcoin or Ethereum.

One of the most notable features of Conflux is its ability to support decentralized applications (dApps) and smart contracts, allowing developers to create innovative solutions based on blockchain. In addition, the currency promotes cooperation with many academic institutions and large companies in China, providing an integrated framework for developing technical solutions based on blockchain technology.

As for CFX, the native token of the network, it is used to pay transaction fees, participate in governance, and promote network security. It also attracts investor interest due to its great potential for scalability and innovation.

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