[Crypto projects](https://revain.org/projects/) › Conflux Network

# 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

## Key facts

- **Ticker**: CFX
- **Official site**: [confluxnetwork.org](https://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](https://doc.confluxnetwork.org/docs/general/hardforks/), [doc.confluxnetwork.org/docs/general/hardforks/v3](https://doc.confluxnetwork.org/docs/general/hardforks/v3.1), [doc.confluxnetwork.org/docs/general/faq](https://doc.confluxnetwork.org/docs/general/faq/), [confluxnetwork.org](https://confluxnetwork.org/), [defillama.com/hacks](https://defillama.com/hacks), [hacked.slowmist.io/search](https://hacked.slowmist.io/search/), [rekt.news/leaderboard](https://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](https://confluxnetwork.org/)
- Docs: [doc.confluxnetwork.org](https://doc.confluxnetwork.org/)
- Source code: [github.com/Conflux-Chain/conflux-rust](https://github.com/Conflux-Chain/conflux-rust)
- Block explorer: [www.confluxscan.org](https://www.confluxscan.org/)
- Blog: [medium.com/@ConfluxNetwork](https://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](https://doc.confluxnetwork.org/docs/general/conflux-basics/)
- [Conflux Docs — What is Conflux](https://doc.confluxnetwork.org/docs/general/conflux-basics/what-is-conflux)
- [Conflux Docs — Economics](https://doc.confluxnetwork.org/docs/general/conflux-basics/economics)
- [Conflux Docs — Consensus](https://doc.confluxnetwork.org/docs/general/conflux-basics/consensus-mechanisms/)
- [Conflux Docs — Spaces](https://doc.confluxnetwork.org/docs/general/conflux-basics/spaces)
- [Conflux Docs — Governance overview](https://doc.confluxnetwork.org/docs/general/conflux-basics/conflux-governance/governance-overview)
- [Conflux Docs — v2.0 Hydra hard fork](https://doc.confluxnetwork.org/docs/general/hardforks/v2.0)
- [Conflux Docs — v3.1 hard fork](https://doc.confluxnetwork.org/docs/general/hardforks/v3.1)
- [conflux-rust README (GitHub)](https://raw.githubusercontent.com/Conflux-Chain/conflux-rust/master/README.md)
- [conflux-rust v1.0.0 release (GitHub API)](https://github.com/Conflux-Chain/conflux-rust/releases/tag/v1.0.0)

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Page updated: 2026-11-01

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Source: https://revain.org/projects/conflux/