Conflux Network is emerging as one of the most innovative blockchain platforms aiming to bridge global digital economies—particularly connecting Western and Asian markets. With its native cryptocurrency, CFX, the project delivers a high-performance, secure, and decentralized infrastructure designed for next-generation decentralized applications (dApps), DeFi protocols, and Web3 ecosystems. Built on a unique consensus mechanism and backed by world-class academic research, Conflux stands out in the crowded blockchain space.
This guide dives deep into Conflux Network, covering its technology, tokenomics, mining capabilities, storage solutions, and where to buy CFX—offering everything you need to understand this forward-thinking blockchain.
What Is Conflux Network and the CFX Cryptocurrency?
Conflux Network is a public, proof-of-work (PoW) blockchain launched in 2018 with a mission to solve the blockchain trilemma: achieving scalability, security, and decentralization simultaneously. Unlike traditional blockchains that process transactions sequentially, Conflux uses a novel structure called a Directed Acyclic Graph (DAG) combined with Tree-Graph consensus to enable parallel transaction processing.
This breakthrough allows Conflux to handle up to 4,000 transactions per second (TPS)—significantly outperforming Ethereum’s base layer while maintaining full compatibility with Ethereum Virtual Machine (EVM). As a result, developers can easily port Ethereum-based dApps to Conflux with minimal changes.
The native utility token of the network is CFX, which powers all operations on the platform—from transaction fees and staking to governance and decentralized application interactions.
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The Technology Behind Conflux: Solving the Blockchain Trilemma
At the heart of Conflux lies its innovative Tree-Graph consensus algorithm, an evolution of DAG technology that organizes blocks into a tree-like structure. This enables multiple chains of blocks to be processed in parallel without creating orphaned or wasted blocks—a common inefficiency in Bitcoin and early PoW systems.
Key Technical Advantages:
- No Orphaned Blocks: Every mined block contributes to network security and receives rewards.
- High Throughput: Parallel processing supports ~2 blocks per second and up to 4,000 TPS.
- Low Latency: Finality times are fast, enhancing user experience for dApps and exchanges.
- EVM Compatibility: Developers can deploy Solidity-based smart contracts seamlessly.
By combining Turing-complete smart contracts with scalable PoW, Conflux delivers a robust foundation for financial applications, NFT marketplaces, and enterprise-grade decentralized services.
CFX Tokenomics: Supply, Distribution & Utility
The total supply of CFX was set at 5 billion tokens at genesis, with a controlled emission model designed to ensure long-term sustainability. As of now, approximately 837 million CFX are in circulation, with gradual unlocking over time.
Core Uses of CFX:
- Gas Fees: Pay for transactions and smart contract execution.
- Staking & Validation: Secure the network and earn staking rewards.
- Governance: Participate in protocol upgrades and ecosystem decisions.
- Store of Value: Held as a long-term investment within the Conflux ecosystem.
The initial token distribution prioritized ecosystem development, research funding, and community incentives. Notably, Conflux has received support from academic institutions like Tsinghua University and has maintained strong ties with regulatory-compliant innovation in China.
Can You Mine or Stake CFX?
Yes—Conflux supports both mining and staking, offering dual participation models for users.
Mining CFX
Conflux uses a memory-hard mining algorithm called Octopus II, which is ASIC-resistant and optimized for GPU mining (especially NVIDIA GPUs with 4GB+ memory). This promotes decentralization by allowing individual miners to compete fairly.
- Block reward: 7 CFX per block
- Block time: ~0.5 seconds (~172,800 blocks/day)
- Reward reduction: Begins in 2022, decreasing quarterly until reaching 1.75 CFX/block by 2032
- No orphaned blocks: All contributed blocks are rewarded
During testnet phases, over 5,000 miners operated more than 4,800 nodes globally—demonstrating strong community engagement.
Staking CFX
For those without mining hardware, staking offers an accessible alternative. Users can lock their CFX to help secure the network and earn passive income through validation rewards. Staking lowers entry barriers and encourages broader network participation.
👉 Learn how blockchain networks reward contributors through mining and staking.
How to Store CFX Safely: Recommended Wallets
Securing your CFX holdings is crucial. Here are the most trusted wallet options:
Hardware Wallets
- Ledger Nano S / Nano X: Industry-standard cold storage with full CFX support via Ledger Live.
- Trezor One: Compatible through third-party integrations; ideal for long-term holders.
These devices keep private keys offline, protecting against online threats like phishing and malware.
Software Wallets
- Fluent Wallet: Official browser extension wallet with dApp browser and staking features.
- MetaMask Integration: Thanks to EVM compatibility, MetaMask can be configured for CFX with custom RPC settings.
Always download wallets from official sources and never share recovery phrases.
Where to Buy CFX Cryptocurrency
CFX is listed on major global exchanges. While direct fiat purchases (e.g., USD or EUR) may not be available on all platforms, you can easily trade using stablecoins or major cryptocurrencies like USDT, BTC, or ETH.
Top Exchanges for Buying CFX:
- OKX
- Binance
- Gate.io
- MXC
Steps to buy:
- Create an account and complete KYC.
- Deposit USDT or BTC.
- Search for “CFX” and place a market or limit order.
- Withdraw to your personal wallet for secure storage.
👉 Start trading CFX on a trusted global exchange today.
Track CFX Price Performance
As of early 2025, CFX trades around **$0.30**, with a 24-hour trading volume exceeding $3 million. The circulating supply sits near 840 million, with a maximum cap of 5.11 billion tokens.
Key metrics:
- Market Cap: ~$250 million
- 24h Price Change: Fluctuates based on market trends
- Primary Trading Pair: CFX/USDT on Gate.io
Use real-time tracking tools like CoinMarketCap or CoinGecko to monitor price movements, trading volume, and market sentiment.
Frequently Asked Questions (FAQ)
Q: Is Conflux Network eco-friendly compared to other PoW blockchains?
A: Yes. While Conflux uses proof-of-work, its Tree-Graph consensus eliminates wasted computation by ensuring every mined block contributes to consensus—reducing energy inefficiencies common in traditional PoW systems.
Q: Can Ethereum dApps run on Conflux?
A: Absolutely. Conflux is EVM-compatible, meaning developers can deploy existing Ethereum smart contracts with little to no modification.
Q: Does Conflux have a decentralized exchange (DEX)?
A: Yes—MoonSwap is Conflux’s native DEX, offering zero-fee swaps and liquidity farming. It's gaining traction as a cost-efficient alternative to platforms like Uniswap.
Q: Is CFX inflationary?
A: Initially yes, due to ongoing emissions from mining and staking rewards. However, emission rates decline over time, leading to a more stable supply post-2032.
Q: Who founded Conflux Network?
A: The project was initiated by researchers from Tsinghua University and the University of Toronto, including Dr. Andrew Yao—a Turing Award winner—who contributed foundational research in distributed systems.
Q: Is Conflux regulated?
A: While operating globally, Conflux maintains compliance-focused development practices and has engaged in public-private partnerships aligned with China’s digital economy strategy.
Final Thoughts
Conflux Network represents a compelling fusion of academic rigor and real-world scalability. With its DAG-based consensus, EVM compatibility, dual mining/staking model, and strategic positioning between Eastern and Western markets, it's well-positioned to become a key player in the Web3 revolution.
Whether you're a developer building dApps, an investor seeking undervalued projects, or a miner looking for ASIC-resistant opportunities, CFX offers diverse entry points into a growing ecosystem.
Stay informed, store securely, and consider how Conflux could fit into your blockchain journey.