Conflux Network (CFX): how it works, supply and reviews
In short
- Type
- Public layer-1 blockchain with a Tree-Graph (DAG) ledger
- Initial distribution
- 5 billion CFX pre-mined at genesis: 40% ecosystem fund, 36% genesis team, 12% private investors, 8% community fund, 4% foundation
- Risks and caveats
- Key economic parameters (block reward, staking rate, burn ratios) can be changed by DAO vote.
- Checked
- 31 October 2026
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Key facts
- Ticker
- CFX
- Official site
- confluxnetwork.org
Key facts checked on 31 October 2026 against official sources.
What is Conflux Network
Conflux Network is a public layer-1 blockchain that orders blocks in a Tree-Graph structure, with proof-of-work miners producing blocks and proof-of-stake nodes finalising them. Since the 2022 Hydra upgrade it has two spaces: the native Core Space and the Ethereum-compatible eSpace. Its native coin CFX pays fees, storage collateral and staking.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Public layer-1 blockchain with a Tree-Graph (DAG) ledger |
| Consensus | Hybrid: PoW miners produce and order blocks (GHAST), PoS nodes sign pivot blocks to finalise them |
| Throughput | Up to 3,000 transactions per second, per the project |
| Smart contracts | Core Space (Conflux format, fee sponsorship) and eSpace (Ethereum-compatible, unchanged Ethereum contracts) |
| Programming language | Node client written in Rust (conflux-rust, GPL-3.0) |
Supply and issuance
| Parameter | Details |
|---|---|
| Initial distribution | 5 billion CFX pre-mined at genesis: 40% ecosystem fund, 36% genesis team, 12% private investors, 8% community fund, 4% foundation |
| Issuance | New CFX minted per PoW block; about 1 CFX per block as of July 2024, set by DAO vote |
| Staking rewards | PoS validators earn interest on staked CFX at a DAO-set rate |
| Fee burn | Part of each transaction base fee and part of sponsored storage collateral are burned |
What CFX is used for
- Paying transaction fees
- Staking for PoS interest and validation
- Collateral for contract storage
- Locking for governance voting rights
Who develops and governs Conflux Network
- Developer
- Conflux Foundation and the founding team build the technology and operate the network
- Founders
- Genesis team includes the IIIS team, Conflux Foundation employees and advisors
- Governance
- DAO votes with locked CFX; 1 vote per CFX locked over a year, less for shorter locks
- Open source
- Yes; conflux-rust on GitHub under GPL-3.0; protocol changes go through CIPs
History
| Date | Event |
|---|---|
| 28 October 2020 | Conflux v1.0.0 client released on GitHub. |
| February 2022 | Hydra hard fork (v2.0) adds PoS finality and eSpace on mainnet, with node upgrades due 23 February 2022. |
| — | Spaces (CIP-90) create eSpace, a virtual Ethereum chain on Conflux. |
| August 2026 | v3.1.0 hard fork brings Osaka-era EVM changes and a security fix. |
Security and audits
- The v3.1.0 hard fork (August 2026) includes a fix for a security issue whose details were held back until after activation.
- Finality comes from PoS nodes signing PoW pivot blocks, which the project says reduces fork probability.
Security incidents
No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): doc.confluxnetwork.org/docs/general/hardforks, doc.confluxnetwork.org/docs/general/hardforks/v3, doc.confluxnetwork.org/docs/general/faq, confluxnetwork.org, defillama.com/hacks, hacked.slowmist.io/search, rekt.news/leaderboard
Risks and caveats
- Key economic parameters (block reward, staking rate, burn ratios) can be changed by DAO vote.
- Core Space uses its own address format and RPC, so Ethereum tools work only on eSpace.
Official links
- Website: confluxnetwork.org
- Docs: doc.confluxnetwork.org
- Source code: github.com/Conflux-Chain/conflux-rust
- Block explorer: www.confluxscan.org
- Blog: medium.com/@ConfluxNetwork
Questions and answers
What is Conflux Network?
Conflux is a layer-1 blockchain with a Tree-Graph ledger and hybrid PoW/PoS consensus. Its native coin is CFX.
What is Conflux eSpace?
eSpace is an Ethereum-compatible space added in the 2022 Hydra upgrade; Ethereum contracts and tools work there without changes.
What was the initial supply of CFX?
The genesis block pre-mined 5 billion CFX. New CFX is issued per PoW block and as PoS interest, while part of fees is burned.
How is Conflux governed?
CFX holders lock tokens to get voting rights in a DAO that sets block rewards, interest and burn parameters.
Sources
- Conflux Docs — Conflux basics
- Conflux Docs — What is Conflux
- Conflux Docs — Economics
- Conflux Docs — Consensus
- Conflux Docs — Spaces
- Conflux Docs — Governance overview
- Conflux Docs — v2.0 Hydra hard fork
- Conflux Docs — v3.1 hard fork
- conflux-rust README (GitHub)
- conflux-rust v1.0.0 release (GitHub API)
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