Conflux: Ambitious Chinese Crypto Project

Conflux: Ambitious Chinese Crypto Project

2021-09-14 • Updated

About Conflux

Conflux is an open blockchain network with an economic incentive-based governance mechanism designed to reward community members who contribute to ensuring a safe, stable, and predictable environment for economic activity. Conflux is focused on developing decentralized applications (dApps), creating smart contracts, and making simple payments. In simple words, Conflux is an exact copy of all known Ethereum, but more scalable and flexible.

Conflux history

Conflux is headquartered in Beijing, China. The Financial office was registered in Singapore in 2018.

Developers raised initial funds by selling the part of 1 billion CFX tokens issued on the Ethereum blockchain. After the launch of the main Conflux network, the developers generated 5 billion CFX tokens (most of them are still frozen) and launched the mechanism of additional emission of CFX coins (internal tokens of the Conflux network) available to earn by miners and stakers.

CFX is the main fuel of the Conflux platform and is used as a tool to interact with solutions in the Conflux Network ecosystem. Major CFX holders include venture giants such as Sequoia China, Huobi Group, Shunwei, and Rong 360.

Token holders receive a reward for their storage depending on the staking time.

Conflux features

The Conflux network has many advantages.

  • The throughput is 4000 transactions per second (for comparison, Ethereum has 15).
  • Proof of work algorithm, which means the cryptocurrency is available for mining on video cards.
  • Unlike many other blockchains (for example, Bitcoin, Ethereum), in which blocks are generated sequentially, one after another, in the Conflux blockchain network, parallel construction of a blockchain and transactions is possible.
  • Ethereum virtual machine support, so smart contracts can be ported from Ethereum to Conflux Network.
  • Block generation time - 2 blocks per second (172, 800 blocks per day).
  • Annual inflation is at 8.83%.



The main goal of the Conflux blockchain network is the development of digital technologies. Creators used Bitcoin and Ethereum’s developments as well as other innovative technologies to create a high-quality cryptosystem. 

Despite this, Conflux is a young project, comparing with such giants as Litecoin, Bitcoin, Ripple, and Ethereum, which already recommended themselves as a reliable cryptosystem. That’s why we suppose the risk of trading CFX remains on a high level and suggest trading more sustainable coins such as XRP, ETH, BTC, and LTC.



Digital Yuan: Chinese Currency of the Future
Digital Yuan: Chinese Currency of the Future

e-CNY’s destiny Since 2014, the National Bank of China has indicated an interest in developing a digital currency focused on the domestic market for payments between individuals…

XRP: Coin with Great Potential
XRP: Coin with Great Potential

What is XRP? XRP is the cryptocurrency based on Ripple, which is a blockchain-based digital payment network and protocol owned by Ripple Labs Inc…

Latest news

September 20-25 Trade Ideas
September 20-25 Trade Ideas

US stock market corrects, gold recovers and the crypto market drops hard! Best trade opportunities during this week in the article! Let’s check the charts and set some goals! NASDAQ (US100) US100 index plunges as the US dollar strengthens…

GBP/USD Is Ready for Reverse Up
GBP/USD Is Ready for Reverse Up

GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera