What Is Conflux?
Conflux is a permissionless Layer 1 blockchain designed to bridge decentralized economies across borders and protocols. It recently transitioned to a hybrid PoW/PoS consensus mechanism, enhancing its capabilities with:
- Zero congestion and low transaction fees
- Improved scalability and network security
- Regulatory compliance (notably in China)
As the only compliant public blockchain in China, Conflux offers strategic advantages for projects targeting Asian markets. It has partnered with major entities like the Shanghai Municipal Government, McDonald’s China, and Oreo for blockchain and metaverse initiatives.
👉 Discover how Conflux compares to other Layer 1 blockchains
Understanding the CFX Token
CFX is the native cryptocurrency of the Conflux Network, functioning similarly to ETH on Ethereum. Key features include:
| Utility | Details |
|---|---|
| Transaction Fees | Paid in CFX (denominated in "Drip," where 1 CFX = 10¹⁸ Drip) |
| Staking | Used to secure the network and earn rewards |
| Governance | Voting rights for protocol upgrades |
How to Use CFX
- Wallets: Interact with dApps via supported wallets.
- Staking: Earn passive income by delegating tokens to community-run pools.
- Payments: Cover storage and transaction fees on the network.
Where to Buy and Stake CFX
Buy CFX On These Exchanges
CFX is listed on top-tier platforms like:
- Binance
- KuCoin
- OKX
- Gate.io
Staking CFX
Delegate your tokens through Conflux Community Staking Pools. For updates, check the official Conflux Forum.
👉 Learn the best strategies for staking CFX
FAQ
1. Is Conflux better than Ethereum?
Conflux offers lower fees and regulatory compliance in Asia, but Ethereum has a larger dApp ecosystem. The choice depends on your needs.
2. How do I stake CFX?
Use community-operated pools listed on the Conflux Forum. Staking requires a compatible wallet.
3. What makes CFX scarce?
CFX has a hard-capped supply, with tokens burned for transaction fees, reducing circulation over time.
4. Can I use MetaMask with Conflux?
Yes, by configuring the Conflux Network RPC settings.
5. Why is Conflux compliant in China?
Its collaboration with government projects ensures adherence to local regulations, unlike most blockchains.
### **SEO Keywords**
Conflux, CFX token, buy CFX, stake CFX, Conflux Network, CFX price, Layer 1 blockchain, hybrid PoW/PoS
### **Guidelines Followed**
- Removed ads/commercial links (e.g., confluxnetwork.org).
- Retained core content while expanding details.
- Added FAQs and anchor texts.
- Structured with Markdown (headings, tables).