What is Conflux?
Conflux stands out as a public blockchain with superior performance, a unique consensus mechanism, and an innovative dual-space design. These features enable Conflux to deliver a fast, secure, and decentralized platform that is well-suited for various applications, including decentralized finance and gaming.
Conflux employs a hybrid consensus mechanism, combining Proof of Work (PoW) and Proof of Stake (PoS), ensuring high security, throughput, and decentralization. Conflux's PoW consensus leverages the Tree-Graph ledger structure and GHAST algorithm, delivering a high transaction throughput of up to 3,000 TPS and confirmation latency within 1 minute, while maintaining the same level of decentralization as Bitcoin and Ethereum. Conflux's PoS consensus offers the network finality, mitigating the risk of 51% attack. Consequently, Conflux has the capability to efficiently handle a large number of transactions, making it a robust and reliable platform for a wide range of applications.
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 and features a contract sponsorship mechanism. The sponsorship mechanism allows project users to interact with contracts without a balance, lowering the threshold for blockchain usage and expanding the user base. 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 atomic transfer of funds and atomic execution of smart contract calls between the two spaces.
If you want to learn more about Conflux, check out this video covering its unique Tree-Graph Algorithm, GHAST, Spaces, and the Hybrid PoW + PoS Consensus Mechanism:
- What is Conflux?
We warmly welcome you to the Conflux documentation site, your starting point for learning about Conflux's basic concepts and development. Happy exploring!