Introduction to Conflux Network
Founded in 2018, Conflux Foundation is a blockchain technology company focused on developing distributed system infrastructure. As China's only regulatory-compliant public blockchain, Conflux Network launched its mainnet ("Tree-Graph Chain") on October 29, 2020 under the technical leadership of Turing Award winner Dr. Yao Qizhi.
This Layer 1 public blockchain serves both domestic and international enterprises with a thriving ecosystem. Its unique architecture combines PoW security with PoS efficiency, achieving 3,000-6,000 TPS while maintaining decentralization.
Core Vision and Mission
Conflux envisions a trusted, secure, borderless ecosystem where information flows freely through decentralized networks. Their mission focuses on three pillars:
- Creating a durable public chain that remains relevant for decades
- Advancing China's blockchain infrastructure
- Enabling Chinese participation in next-gen blockchain governance
👉 Explore Conflux's latest technological breakthroughs
Technical Advantages
Regulatory-Compliant Chinese Public Chain
- Received $5M research funding from Shanghai Municipal Government
- First Chinese government investment in permissionless public blockchain
Hybrid Consensus Mechanism (PoW+PoS)
- GHAST protocol ensures security against 51% attacks
- Unique tree-graph structure enables parallel transaction processing
- Combines Bitcoin's security with modern throughput capabilities
Ethereum Compatibility
- Full EVM support for seamless smart contract migration
- Developer-friendly tools including Conflux Studio and Web IDE
Institutional Partnerships
- Technical cooperation with China Telecom Hong Kong
- Digital Hong Kong Dollar research participant
- Web3 strategic partnerships with Binance, DWF Labs
Ecosystem Development
Key Milestones
| Year | Achievement |
|---|---|
| 2018 | Published seminal scaling research paper |
| 2020 | Mainnet launch in three phases |
| 2022 | EVM compatibility upgrade (Hydra fork) |
| 2023 | Blockchain SIM card launch with China Telecom |
Current Ecosystem (70+ Projects)
- DeFi: Multiple DEXs and lending protocols
- NFT: 8M+ digital collectibles minted (300+ brands)
- Enterprise: Government, media, and telecom applications
- Dev Tools: Fluent Wallet, ConfluxScan, Truffle suite
Token Economics ($CFX)
Initial Supply: 5 billion tokens
Allocation:
- 40% Ecosystem Fund (4-year vesting)
- 36% Team/Investors (4-year lockup)
- 16% Private Sales (2-year unlock)
- 8% Community Incentives
Utility:
- Network transaction fees
- Staking rewards
- Governance participation
- Miner compensation
Strategic Opportunities
Hong Kong Web3 Hub
- Positioning in Hong Kong's progressive crypto regulatory environment
- BSIM card development for blockchain-enabled mobile identity
- Potential inclusion in upcoming digital asset licensing framework
Institutional Adoption
- Government-backed research initiatives
- Enterprise blockchain solutions
- Academic partnerships through Beidou Program
Risk Considerations
Market Volatility: $CFX has shown significant price fluctuations
Regulatory Uncertainty: Evolving compliance requirements
Competition: Competing with global Layer 1 solutions
FAQs
Q: How does Conflux achieve high throughput?
A: Through tree-graph structure enabling parallel transaction processing and GHAST consensus rules.
Q: What makes Conflux unique among Chinese blockchains?
A: It's the only Chinese public chain with regulatory approval while maintaining decentralization.
Q: Can Ethereum developers easily port projects to Conflux?
A: Yes, full EVM compatibility allows near-seamless migration of smart contracts.
Q: What institutional partnerships validate Conflux's technology?
A: Collaborations include Shanghai Municipal Government, China Telecom, and academic institutions like Tsinghua University.
👉 Learn about Conflux's staking rewards program
Q: How does the BSIM card integrate blockchain technology?
A: It expands SIM card capabilities with enhanced storage, computational power, and secure Web3 identity management.
Q: What's Conflux's approach to regulatory compliance?
A: Proactive engagement with policymakers, emphasis on enterprise solutions, and strict adherence to Chinese regulations.
Conclusion
Conflux Network represents a significant advancement in compliant, high-performance blockchain infrastructure. With its academic roots, hybrid consensus model, and strategic positioning in Hong Kong's Web3 ecosystem, Conflux is poised to bridge decentralized technology with real-world adoption. While challenges remain in market stability and global competition, its government-backed status and technical innovations provide unique advantages in the evolving blockchain landscape.