Conflux CFX

Conflux is a new Layer-1 blockchain that aims to provide high transaction throughput (over 3000 TPS) and near-zero gas fees. It operates as a proof-of-work chain, allowing anyone to mine the token and approve blocks without relying on validators. Conflux is developer-friendly and compatible with Solidity/EVM, offering a familiar experience for users and developers involved in DeFi and NFT projects. It serves as an open network for digital assets and decentralized applications, providing an alternative to Ethereum with its focus on confirming a large number of transactions at lower fees.

Conflux stands out from other cryptocurrencies in several ways. Firstly, it is a Layer-1 blockchain that offers high scalability with over 3000 transactions per second (TPS). This is significantly faster than many other popular blockchains like Ethereum, which typically has around 150 TPS. Additionally, Conflux aims to provide near-zero gas fees, making transactions more affordable for users.

Another unique aspect of Conflux is its adherence to Satoshi's vision of a proof-of-work chain. This means that anyone can mine the Conflux token and approve blocks, without relying on modern solutions like validators. This decentralized approach promotes inclusivity and ensures that no central authority controls the network.

Furthermore, Conflux is developer-friendly and compatible with Solidity/EVM, making it familiar for users and developers involved in current DeFi and NFT projects. This compatibility allows for seamless integration of existing applications and facilitates the development of new ones on the Conflux network.

Overall, Conflux combines high scalability, low fees, decentralized mining, and developer compatibility, making it a unique and promising blockchain platform.