Conflux Network is an open network built to drive the next generation of global commerce by unlocking the decentralized applications and digital assets of tomorrow. Conflux enables secure and interoperable flow of assets and data across protocols & applications to create an internet of value for all.
Our public, permissionless blockchain is powerful and developer friendly. By integrating Proof of Work into a Tree Graph architecture, Conflux delivers a robust network with solidity compatibility, zero congestion and low fees.
Future-ready decentralized applications can leverage a high throughput rate of 3000-6000 TPS and low transaction fees.https://confluxnetwork.org/
Conflux Network is a permissionless blockchain project that is the only blockchain project endorsed by Chinese state government. Conflux recently launched the Tree Graph Research Institute with the Shanghai government.
Conflux has been experimenting with local officials to build a regulatory compliance platform that will bridge Defi applications and core existing financial infrastructures.
“DeFi is a new world and while it appears as though it may pose a challenge for regulators, they appear willing to listen. At this stage, the most important thing is to maintain a reliable communication channel between two sides— the DeFi innovators and the regulators.”https://cointelegraph.com/news/chinese-state-endorsed-public-chain-to-act-as-a-global-defi-bridge-says-conflux-ceo
At the moment, Conflux is working with the Shanghai government on several sandbox projects. Fan told Cointelegraph that these projects include integrating blockchain borrowing and lending services into Shanghai’s Pudong Development Bank, and leveraging the Shanghai free trade zone’s unique regulatory framework to devise a unique stablecoin for the region, The Founder explained:
Conflux is trying to either create a free zone stablecoin or build a public permissionless cross chain for the CBDC.
“Conflux Network seeks to provide a POW network with transaction speeds an order of magnitude faster. The key enabler technique is a novel DAG-based ledger structure together with an optimistic concurrency control to achieve a consistent order of transactions among all the nodes in the network.”https://cointelegraph.com/news/chinese-state-endorsed-public-chain-to-act-as-a-global-defi-bridge-says-conflux-ceo
“Decentralization will make it more difficult for regulators to control DeFi products, but there are still possibilities to exercise controls at the boundary between the decentralized world and the centralized world.”https://cointelegraph.com/news/chinese-state-endorsed-public-chain-to-act-as-a-global-defi-bridge-says-conflux-ceo