### What is Conflux?

Conflux is a public layer-1 blockchain designed to facilitate decentralized applications (dApps), e-commerce platforms, and Web 3.0 infrastructure. It aims to be more scalable, decentralized, and secure than existing blockchain protocols. Conflux is known for its high throughput, security features, and low transaction fees, making it suitable for a wide range of applications.

### How does Conflux work?

Conflux operates on a unique Tree-Graph consensus mechanism that integrates Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms. This consensus protocol, known as the GHAST, allows for parallel processing of blocks and transactions, increasing transaction throughput and lowering confirmation times. Conflux is also compatible with Turing-complete smart contracts written in Solidity, supporting integration with Ethereum-based tools and applications.

### What are the potential use cases for Conflux?

Conflux has a diverse range of potential use cases, including:

1. **DeFi Platforms:** Supporting decentralized exchanges and other financial applications.
2. **NFT Marketplaces:** Facilitating NFT creation and trading.
3. **Cross-Chain Asset Transfers:** Enabling seamless transfers using its ShuttleFlow cross-chain asset bridge.
4. **Telecommunications:** Collaborating on blockchain-based SIM cards.
5. **Supply Chain Management:** Using smart contracts to automate complex supply chain processes.

### What is the history of Conflux?

Conflux was founded in 2018 by a team of experts, including Dr. Fan Long and Turing Award winner Dr. Andrew Chi-Chih Yao. It launched with significant investments and support, including a $35 million raise and a partnership with the Shanghai government. Over the years, Conflux has developed its unique technology, achieved compliance with Chinese regulations, and formed strategic partnerships that have boosted its market presence.

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