About

Conflux Network is a blockchain-based platform that connects creators, communities, and markets across different protocols. It employs a Tree-Graph consensus algorithm for transaction processing and throughput and uses Proof-of-Work (PoW) for security and anti-reentrance attack prevention. Conflux also features ShuttleFlow, a cross-chain asset bridge, and offers built-in staking for decentralized finance (DeFi) applications.

History

Conflux is a public blockchain bridging Asian and Western communities and economies. The Conflux protocol features a consensus protocol known as Tree-Graph to improve its scaling capabilities relative to existing networks like Ethereum. It is also EVM compatible, allowing its application layer to support smart contracts written in Solidity. Conflux is headquartered in Beijing China but has expanded its operations to Toronto, Canada, and Lagos, Nigeria.

Conflux originated in the research lab of Turing Award recipient Dr. Andrew Yao at Tsinghua University. It is based on a Tree-Graph consensus mechanism.

In 2018, the Conflux Foundation was formed, and the foundation completed funding round to build an open application platform based on the Tree-Graph consensus mechanism. The foundation aims to advance blockchain education and research through the Tree-Graph Research Institute, which has partnered with the government of Shanghai, and the Key Laboratory of Blockchain Infrastructure & Applications, which has partnered with the government of Hunan.