The below Conflux Network price chart tracks the price of Conflux Network against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
✓Designed for DeFi
✓Endorsed by Chinese government
Conflux Network is a highly scalable and decentralised blockchain with high throughput and fast confirmation. Designed for DeFi, it provides an open network, 300-6,000 transactions per second, low fees, and proof-of-work security. CFX is the network’s native utility token and is used for rewards, governance, staking, and generating consensus. Notably, the network has been endorsed by the Chinese government.
Conflux Network originated from the research of Turing Award recipient Dr. Andrew Yao. Using a novel Tree-Graph mechanism, Yao offered a solution to the ‘blockchain trilemma’ of providing security, scalability, and decentralisation. In 2018, the Conflux Foundation was formed and has gone on to receive funding and support from the government of Shanghai, the University of Toronto, and Sequoia Capital.
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