Conflux

Conflux is a layer-one blockchain aiming for high transaction capacity, and CFX is the network's own coin. The network offers two separate spaces: Core Space, which uses an address and contract structure specific to Conflux, and eSpace, which is compatible with the Ethereum Virtual Machine. Thanks to eSpace, wallets and developer tools built for Ethereum can also be used on Conflux.

Conflux's consensus mechanism is called Tree-Graph: instead of forming a single ordered chain, blocks can be produced in parallel within a directed graph and are then ordered according to set rules. The network has a hybrid structure that complements proof of work with proof of stake; participants who stake CFX help finalize blocks. CFX is also used for transaction fees, as collateral for the storage space used by smart contracts and in governance votes. The network also has a sponsorship mechanism that, under certain conditions, allows user fees to be covered by the contract.

Factors that may affect the CFX price include application and bridge usage on the network, regulatory developments in Asia, institutional partnerships and the general trend of the crypto market. The Conflux page on Lzzo.com shows the CFX/USDT price on Binance converted into dollars at Coinbase Exchange's USDT/USD rate; the chart is based on this series.