What Is Confluxnetwork.org? (CFX) Complete Guide Review About Confluxnetwork.org

What Is Confluxnetwork.org?

Confluxnetwork.org is a public, permission less blockchain bridging Asian and Western communities and economies, to enable the secure flow of assets and data across borders, protocols & applications. The protocol is fast, scalable, and solidity compatible, with zero congestion and low fees. Headquartered in Beijing China, they have expanded its global operations with a diverse distributed team across four continents, and additional offices in Toronto, Canada and Lagos, Nigeria.

The originated in the research lab of Turing Award recipient Dr. Andrew Yao at Tsinghua University. It is based on a Tree-Graph consensus mechanism that optimizes for security, scalability and decentralization. Network originated from the research lab of Turing Award recipient Dr. Andrew Yao at Tsinghua University.

This progressive research provides a solution to the ‘blockchain trilemma’ problem with a novel Tree-Graph consensus mechanism that optimizes security, scalability and decentralization. In 2018, the Foundation was formed and a regulatory compliant fundraise there was completed to build an open infrastructure based on this breakthrough consensus mechanism. Soon after, the established itself as the only state endorsed public, permission less blockchain in China.

Confluxnetwork Coin As respected advocates of public blockchain infrastructure in China, is advancing the education and research in blockchain development. In 2019, Hangzhou operation center was established. In 2020, the established the Tree-Graph Research Institute in partnership with the government of Shanghai and the Key Laboratory of Blockchain Infrastructure & Applications with the government of Hunan.

They also expanded its global operations and community with a diverse distributed team of more than 50 members across over four continents, including offices in Toronto, Canada and Lagos, Nigeria. that is advancing education and research in blockchain development through the Tree-Graph Research Institute, in partnership with the government of Shanghai and the Key Laboratory of Blockchain Infrastructure & Applications with the government of Hunan.

Confluxnetwork.org Storage Key Points

Features

Scalable

Future-ready decentralized applications can leverage a high throughput rate of 3000-6000 TPS and low transaction fees.

Versatile

An open network for building new financial applications, digital assets, business applications, and data economies.

Secure

Confluxnetwork.org Highly tested PoW consensus mechanism with increased security and anti-reentrance attack protection at the protocol level.

Build on Conflux

Create innovations that fundamentally drive us towards an equitable and globally inclusive future.

Accessible Tooling

Build applications in an EVM-compatible environment with Solidity smart contracts and the Truffle. Interact with the Network through a familiar browser-based wallet and SDKs in JavaScript and Go.

Improved Capabilities

Confluxnetwork Coin leverage scalability and low transaction fees through the Shuttle Flow cross-chain asset protocol. Create new applications using a comprehensive IDE like they have Studio for enhanced development experience.

Unique

Utilize the transaction sponsorship mechanism for simplifying the user experience. Leverage the built-in staking interest to provide a foundation for innovative financial applications.

The Partners

Confluxnetwork.org they are supported by a global group of strategic partners including prominent investors, enterprises, governments, universities, mining operators, wallets, exchanges and decentralized technologies.

Ecosystem Grants Program

Develop tools, infrastructure components and D Apps to drive user adoption, liquidity and composability on Conflux Network, supported with over 2.4 Billion CFX in rewards.

Protocol

Confluxnetwork Coin the Dual Protocol adopts a “off-chain matching & on-chain settlement” mechanism. With the twin ledger under the Dual Protocol, the on-chain and off-chain data will remain identical all the time while lively responding to user requests. The Dual Protocol provides an operating system as convenient as a centralized system while ensuring their asset ownership and privacy.