Conflux Network

Conflux Network is an open protocol for a new world of DApps, finance, and Web 3.0. As a fast and secure public blockchain, Conflux Network combines Proof of Work and a Tree-Graph structure to power a new generation of decentralized commerce.

Born from the top minds of Tsinghua University and University of Toronto, Conflux Network is overseen by a diverse global team with the mission to promote cross border collaboration by developing decentralized open source technologies.

The core value of blockchain is that it establishes a trustworthy and participatory decentralized platform without relying on the endorsement of any organization or individual. Importantly, Conflux serves to maximize this core value. It permits anyone to participate in the public blockchain consensus even without holding any stock share.

Conflux inherited the central design idea of Bitcoin system: Computing power is the only weapon in competing for the right of block generation. Additionally, in Conflux, the order of all transactions is solely determined by the Tree Graph (TG) . Conflux strives to prevent illegal transactions – each transaction in the core chain is examined by all nodes of the network. The strict algorithm design and the comprehensive theoretical analysis of Conflux protect itself from most attacks. More importantly, Conflux pursuiting the efficiency without sacrificing any of its safety, decentralization or trustworthiness.   Most of the PoW-based blockchain systems currently in the field (e.g., Bitcoin and Ethereum) have a very limited transaction throughput rate, which is far lower than the centralized transaction services like Visa that can support the execution of >1,000 transactions per second. Such a low throughput rate restricts the possibility of exploiting more meaningful applications from blockchain systems. By adopting the Tree Graph (TG), Conflux realized a high throughput rate of 3000-6000 TPS in our internal network testing without compromising decentralization. In the future, we anticipate that Conflux will have versatile applications in many fields, such as financial transactions, Internet ID, Internet of things as well as property rights.