What is Conflux Token?
CFX is the platform native utility and governance token of Conflux Network, used to vote on network governance decisions, as well as to reward miners for block production and pay dividends from transaction fees collected from code executions. Conflux Network is a scalable decentralized blockchain network that verifies and executes transaction across the network using the consensus protocol GHAST, processing concurrent blocks without discarding any as forks and adaptively assigning weights to blocks based on their topographical position within the ledger structure using the Tree-Graph Proof-of-Work (PoW) consensus algorithm. Token authors can mint tokens on Conflux using the CRC-20 token standard for fungible tokens, CRC-721 standard for non-fungible tokens (NFTs), or CR-1155 for multi-tokens.
