About Conflux Network

Conflux Network is a blockchain platform utilizing a Tree-Graph consensus algorithm to achieve high throughput and low confirmation times, enabling secure and scalable decentralized applications. It addresses the challenges of cross-chain asset transfers and high transaction fees by providing a fast, interoperable asset bridge and a fee sponsorship mechanism for users with zero wallet balance.

```xml <problem> Existing blockchain platforms often suffer from low transaction throughput, high fees, and limited interoperability, hindering the development and adoption of decentralized applications (dApps). Cross-chain asset transfers can be slow and expensive, while high transaction fees can deter new users from engaging with blockchain technology. </problem> <solution> Conflux Network is a blockchain platform designed to address these limitations through its unique Tree-Graph consensus algorithm, which enables high transaction throughput and low confirmation times. The platform facilitates secure and scalable dApps by leveraging parallel processing of blocks and transactions. Conflux also offers a fast, cross-chain asset bridge called ShuttleFlow, enabling seamless asset transfers between multiple protocols. Furthermore, its Fee Sponsorship Mechanism allows users with zero wallet balance to interact with the blockchain, as sponsors can cover transaction fees to facilitate user onboarding. </solution> <features> - Tree-Graph consensus algorithm for parallel processing of blocks and transactions, increasing throughput. - Proof-of-Work (PoW) consensus mechanism for enhanced security and resistance to re-entrancy attacks. - ShuttleFlow cross-chain asset bridge for seamless transfers between different blockchain protocols. - Fee Sponsorship Mechanism enabling users with zero wallet balance to transact on the network. - Built-in staking mechanism that provides a foundation for DeFi applications. - CFX token for paying transaction fees, earning staking rewards, renting storage, and participating in network governance. </features> <target_audience> Conflux Network targets developers building decentralized applications, users seeking fast and low-cost transactions, and individuals interested in cross-chain asset transfers. </target_audience> <revenue_model> The platform generates revenue through transaction fees paid in CFX tokens, staking rewards distributed to CFX holders, and fees associated with cross-chain asset transfers via ShuttleFlow. </revenue_model> ```

What does Conflux Network do?

Where is Conflux Network located?

Conflux Network is based in Singapore, Singapore.

When was Conflux Network founded?

Conflux Network was founded in 2018.

How much funding has Conflux Network raised?

Conflux Network has raised 68000000.

Location

Singapore, Singapore

Founded

2018

Funding

68000000

Employees

44 employees

Major Investors

Newman Capital

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Conflux Network

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Executive Summary

confluxnetwork.org 1K+

Crunchbase

Founded 2018 – Singapore, Singapore

Funding

Estimated Funding

$50M+

Major Investors

Newman Capital

Team (40+)

No team information available.

Company Description

Problem

Existing blockchain platforms often suffer from low transaction throughput, high fees, and limited interoperability, hindering the development and adoption of decentralized applications (dApps). Cross-chain asset transfers can be slow and expensive, while high transaction fees can deter new users from engaging with blockchain technology.

Solution

Conflux Network is a blockchain platform designed to address these limitations through its unique Tree-Graph consensus algorithm, which enables high transaction throughput and low confirmation times. The platform facilitates secure and scalable dApps by leveraging parallel processing of blocks and transactions. Conflux also offers a fast, cross-chain asset bridge called ShuttleFlow, enabling seamless asset transfers between multiple protocols. Furthermore, its Fee Sponsorship Mechanism allows users with zero wallet balance to interact with the blockchain, as sponsors can cover transaction fees to facilitate user onboarding.

Features

Tree-Graph consensus algorithm for parallel processing of blocks and transactions, increasing throughput.

Proof-of-Work (PoW) consensus mechanism for enhanced security and resistance to re-entrancy attacks.

ShuttleFlow cross-chain asset bridge for seamless transfers between different blockchain protocols.

Fee Sponsorship Mechanism enabling users with zero wallet balance to transact on the network.

Built-in staking mechanism that provides a foundation for DeFi applications.

CFX token for paying transaction fees, earning staking rewards, renting storage, and participating in network governance.

Target Audience

Conflux Network targets developers building decentralized applications, users seeking fast and low-cost transactions, and individuals interested in cross-chain asset transfers.

Revenue Model

The platform generates revenue through transaction fees paid in CFX tokens, staking rewards distributed to CFX holders, and fees associated with cross-chain asset transfers via ShuttleFlow.