Conflux is a permissionless, public blockchain network that combines proof-of-work and proof-of-stake consensus mechanisms. Its core innovation is a Tree-Graph consensus algorithm that enables simultaneous generation of multiple blocks, improving throughput and scalability. Conflux offers high transaction speeds of 6,000 TPS and supports flexible smart contracts across programming languages.
In summary, Conflux demonstrates technical promise as a high-throughput, scalable blockchain incorporating innovations like Tree-Graph consensus. Its solutions for speed, cost and usability address inherent challenges in networks like Ethereum. Tapping into the Chinese market provides a growth avenue if navigated carefully. However, the project appears overly China-dependent. Conflux must still build out its ecosystem and usage base to rival more established rivals. Tokenomics and vested founder rewards warrant reassessment. Overall, Conflux shows potential but has not yet fully distinguished itself as a leading smart contract platform. Show Less
