Conflux Network is a smart contract platform with Turing-complete state machines built on high throughput consensus protocols.

A public blockchain that connects Asian and Western communities and economies.

The Internet brings us convenience and speed at the same time, hidden risks are also self-evident, giant monopoly, Internet access or boundary restrictions, information asymmetry and other problems all affect everyone on the Internet. Competitors in the active field of distributed ledger technology are trying to address some of the scalability limitations of blockchains like Ethereum or Bitcoin.

Unlike other attempts at blockchain scalability, Conflux does not propose an entirely new Consensus model, but rather extends the mechanism of the well-established Nakamoto Consensus. Liberated from the constraints of sequential Satoshi consensus, Conflux introduces concurrent block processing through the following simple steps: 1) optimistically process concurrent blocks 2) organize blocks into directed acyclic graphs (DAG) 3) first agree on the total order of all blocks (assuming transactions don't conflict with each other) 4) then derive trade orders from the agreed order of blocks (resolve transaction conflicts lazily) to achieve these steps, Conflux Consensus protocol Maintenance Indicates that the consensus protocol maintains two relationships between blocks. When the participant node generates a new block in Conflux, the node identifies the parent (precursor) block of the new block and creates a parent edge, such as bitcoin, between the two blocks. These parent edges enable Conflux to achieve a consistent irreversible consensus on its ledger. The end result is a directed acyclic graph (DAG) of edges between blocks that is easy to navigate and introduces a degree of anti-forking. From this perspective, Conflux can be seen as a DAG-based Satoshi consensus protocol.

Conflux's infrastructure consists of the following components: Gossip Network: All the participant nodes in Conflux are connected through the Gossip Network, which is responsible for broadcasting transactions to all nodes in the Network. Pending Transaction Pool: Each node in the Conflux network maintains a pending transaction pool that contains transactions that have been heard by the node but not yet packaged into any block. Each time a node receives a new transaction from the gossip network, the node adds that transaction to its pool. Block Generators: Nodes in Conflux use proof-of-work (PoW) -based block generators to create blocks for pending transactions. DAG state: Each node in Conflux maintains a local copy of the DAG that contains all blocks known to the node. The rationale behind this architecture allows Conflux to combine the security and stability of Bitcoin with the scalability of modern blockchains in a single network. The Conflux model ensures three desirable attributes of the blockchain network: security, concurrent transaction processing, and correctness.

Transactions on Conflux are handled similarly to transactions on the Ethereum network, with CFX playing a similar role to ETH. The user submits a contract with gas limits and gas prices; The latter is denominated in CFX.

Conflux networks reach consensus through a new mechanism called tree-graph. The consensus protocol optimistically takes all formally correct blocks and organizes them into a tree graph (rather than a tree or chain), then specifies the total order of blocks in the tree graph according to the Greedy heaviest adaptive subtree (GHAST) rule. According to the Conflux team, this overall order will be agreed upon by honest participants and theoretically difficult to undo under reasonable assumptions. Once the order of transactions is determined, transactions within the block are executed accordingly, and invalid transactions (duplicate or conflicting previously processed transactions) are ignored.

Scalable: Its transaction ordering mechanism allows the network to reach a range of 3,000-6,000 transactions per second with relatively low transaction costs: Transaction ordering is theoretically difficult to cheat generality under reasonable assumptions: it also uses proof of work (PoW) for reentry attack protection at the protocol level

Conflux launched its ecosystem grant program in July, awarding more than 2.4 billion CFX tokens, Grants include development tools and infrastructure that make Conflux networks easily accessible and composable, and decentralized applications that drive user adoption, mobility, and composability on Conflux networks.

Blockchain consensus is divided into two types: one is The Satoshi consensus, where everyone randomly blocks and forks, and then uses a mechanism to select an effective chain, typically represented by Bitcoin and Ethereum; The other is the VOTING mechanism based on BFT. The whole network selects a group of verifiers, and then selects a block maker randomly in each round. After the block is out, other verifiers vote on whether the block is approved or not. Conflux uses Nakamoto Satoshi consensus and uses the improved GHASH algorithm based on GHOST to select the effective chain

Projects may not progress as expected, have no on-ground applications, and rely too much on decentralized communities.

Conflux is a Satoshi consensus protocol based on DAG, and CFX is the native incentive token of its platform. Pow-based CFX will produce new coins every day. The value comes from capturing transaction fees and the platform's token destruction mechanism. The remaining value depends on the follow-up development of the project.