I heard about Conflux back in March due to the 'China Narrative', as it was touted as the Ethereum of China., but better.
Conflux makes use of a consensus mechanism called Tree-Graph that claims to more powerful and efficient than Proof-of-Stake, but I would like to see if details such as tps, transaction cost, finality etc can be showcased for better comparison - and also to see if there are able to stresstest their thoroughput (as an indication for adoption and high usage).
The token, $CFX is used primarily as payments for transaction fees, compensation for stakers to secure the network, as well as governance of the network. Sounds familiar? (Ethereum!)
As a Layer 1, Conflux also has a relatively large ecosystem of 107 projects, with some known projects such as Pancakeswap, Curve and DexScreener. As regulations around China and US become clearer, it would be interesting to see if more projects would flock over and be part of Conflux's ecosystem to gain access into the Chinese market. Adoption would, and should be the primary target of Conflux if there were to aim to step up against the giants of Ethereum, Solana and other billion dollar market cap tokens. Show Less
