Conflux Network is a public, permissionless blockchain protocol designed to improve upon the performance, scalability, and security of existing blockchains. The network is powered by a novel consensus algorithm called Tree-Graph, which is inspired by the DAG (Directed Acyclic Graph) structure of the Bitcoin blockchain. The Tree-Graph consensus algorithm allows the Conflux Network to process an unprecedented number of transactions per second while maintaining the security and decentralization of a traditional blockchain.
The Conflux Network team is led by co-founders Professor Fan Zhang and Dr. Feng Wu, who are both renowned cryptographers and blockchain experts. The team also includes a number of experienced engineers and researchers from top universities and organizations such as Tsinghua University, Cornell University, the National University of Singapore, and the Chinese Academy of Sciences.
The Conflux Network ICO was held in October 2017 and raised a total of $35 million. The network is currently in development and is expected to
