Conflux Network: A High-Performance Public Blockchain & the Only Regulatory-Compliant Chain in China

Abstract

Conflux Network is a permissionless Layer 1 blockchain.

The Conflux Network comprises two distinct spaces: Conflux Core Space and Conflux eSpace.

PayFi, as the most fundamental payment infrastructure in the Conflux ecosystem, consists of several core components, including the blockchain settlement layer, the asset settlement layer, PayFi & DeFi protocol, and the entry layer.

ConfiPump is the first fair launch platform on Conflux eSpace.

Conflux Network has unveiled a comprehensive tech roadmap, and its Foundation will inject 500 million CFX from the ecosystem fund to drive ecosystem growth.

What Is Conflux

Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. By utilizing a hybrid PoW/PoS consensus mechanism, Conflux delivers exceptional transaction throughput and low latency while maintaining robust security and decentralization.

Technical Principles of Conflux

The Conflux Network comprises two distinct spaces: Conflux Core Space and Conflux eSpace.

The Core Space is the primary blockchain network that utilizes the hybrid consensus mechanism . The eSpace is fully compatible with the Ethereum Virtual Machine (EVM), enabling developers to easily migrate their existing Ethereum smart contracts to Conflux eSpace and benefit from its high performance and scalability. Conflux Core Space and eSpace can communicate with each other via the CrossSpaceCall contract, which facilitates the atomic transfer of funds and atomic execution of smart contract calls between the two spaces.

Being the leading regulatory-compliant public blockchain in China, Conflux Network offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands and government entities including, the Shanghai government, China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives.

Product Advantages of Conflux

As a leader in high-performance Layer1 blockchain, Conflux has been at the forefront of technological advancements, particularly in the development of Stablecoins. It is now expanding the focus to encompass a comprehensive Payments infrastructure and cultivate the PayFi ecosystem, aiming to become the blockchain of choice for consumer-grade Payments in the future.

Conflux PayFi Stack

PayFi, as the most fundamental payment infrastructure in the Conflux ecosystem, consists of several core components, including the blockchain settlement layer, the asset settlement layer, PayFi and DeFi protocol, and the entry layer.

Blockchain Settlement Layer: PayFi operates on a high-performance blockchain with robust security, an area where Conflux’s Layer1 excels. They are also implementing PayFi-oriented TPS Boost to enhance performance.

Assets Settlement Layer: PayFi is partnering with qualified issuers to explore the issuance of multiple assets, including offshore RMB, HKD, and USD, and to develop native features on stablecoins.

PayFi & DeFi Protocol: By integrating decentralized financial services into everyday consumption, PayFi shifts from "deposit for yields" to "pay for goods or services", further activating DeFi and driving new growth incentives. For example, Swappi DEX is the leading DEX on Conflux eSpace, and ConfiPump is the first fair launch platform on Conflux eSpace.

Entry Layer: As the user interface, PayFi will connect Consumers and Businesses through payment wallet apps and components, offering efficient and inclusive financial services.

ConfiPump

In today’s crypto market, fairness and transparency are top priorities for the community, and ConfiPump is specifically designed to address these needs. As the first fair launch platform on Conflux, ConfiPump ensures a secure and impartial token launch experience for all users. ConfiPump mitigates the risk of rug pulls by ensuring that all created tokens are safe. Each token on ConfiPump undergoes a fair launch, with no presale and no team allocation. Through ConfiPump’s Bonding Curve mechanism, users can buy tokens and sell them at any point to secure profits or reduce losses. If the market cap of a meme coin reaches the 100% point on the Bonding Curve (approximately $57,000), $11,400 in liquidity will be deposited into Swappi and burned. This will provide long-term liquidity support for the token’s market and enhance its price stability.

Conflux's Vision for the Future

Conflux Network has unveiled a comprehensive 3-5 year tech roadmap aimed at enhancing its Layer 1 blockchain platform. Key focuses include improving miner profitability through Proof of Useful Work (PoUW), transforming internal data structures for better efficiency using multi-Layer Versioned Multipoint Trie (LVMT) and RainBlock, and advancing blockchain interoperability and privacy. The roadmap seeks to address scalability, efficiency, and user adoption challenges, positioning Conflux as a leader in blockchain innovation.

For the ecosystem, Conflux is set to expand its payment solutions and PayFi ecosystem, building on the existing suite of Stablecoins, Payment Card, and BIM Wallet (previously BSIM Card). They envision a future where payments are instantaneous, programmable, and powered by blockchain technology. They aim to position Conflux as a leading technical solution in the payment sector.

To accelerate this vision, the Conflux Foundation is launching an incentive program to boost the PayFi ecosystem on Conflux. The Foundation will inject 500 million CFX from the ecosystem fund to fuel the growth of PayFi stack components.