Conflux Foundation

Company

Investment-firm

Last deal

Amount

Series A

Stage

01.08.2019

Date

4

all rounds

$35M

Total amount

General

About Company
Conflux is a fast, secure, and scalable blockchain connecting decentralized economies.

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Also Known As

ConfluxChain

founded date

01.01.2018

Number of employees

Last funding type

Series A

IPO status

Private

Description

Conflux is a permissionless Layer 1 blockchain that offers a secure and scalable environment for decentralized economies. It recently migrated to a hybrid PoW/PoS consensus, resulting in zero congestion, low fees, and improved network security. As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects expanding into Asia. It has collaborated with global brands and government entities, including the city of Shanghai, McDonald's China, and Oreo, on blockchain and metaverse initiatives. Conflux aims to achieve high TPS without sacrificing decentralization or safety by combining its unique algorithm with a novel structure called Tree Graph (TG). Currently in its first stage, Conflux adopts a PoW mechanism as the basis of its consensus. The Conflux Foundation is a Singapore-based software as a service company.
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