Conflux Network is a smart contract platform that features a Turing-complete state machine built atop a high-throughput consensus protocol. Conflux reaches an agreement on transaction validator based on the total order of blocks organized in a Tree-Graph, a novel consensus mechanism that scaling benefits relative to existing blockchains. It also uses Proof-of-Work (PoW) to supplement its Tree-Graph consensus protocol.

Conflux is a high throughput first layer consensus blockchain that utilizes a Tree-Graph consensus algorithm, enabling the parallel processing of blocks and transactions for increased throughput and scalability.

Conflux can achieve the same level of decentralization and security as Bitcoin and Ethereum but provide more than two orders of magnitude improvement in transaction throughput (TPS) and finality latency.

The major superiority of Conflux hinges on its novel design of consensus protocol, authenticated storage, and transaction relay protocol. In Conflux ledger, blocks are organized as Tree-Graph where each block references some other blocks with one of them being its parent block. By only looking at the blocks linked with parent edges, the ledger appears to be a tree structure (parental tree), while by looking at all the blocks, it appears to be a directed acyclic graph.

The consensus algorithm of Conflux, which is called Greedy-Heaviest-Adaptive-SubTree (GHAST), enables all the nodes in the blockchain network to consistently agree on a pivot chain of blocks by applying the heaviest subtree rule on the parental tree in the ledger, and in turn reach the consensus on the total order of all the blocks based on the pivot chain. GHAST also allows the Conflux nodes to detect some attacks (e.g., a balance attack that tries to generate two balanced subtrees) that may hurt the liveness, i.e., the ability to confirm transactions and thwart these attacks by adaptively adjusting the weights of the blocks.

The Tree-Graph ledger and the GHAST consensus algorithm make Conflux nodes able to quickly generate new blocks without worrying that the existence of forks in the ledger may harm the security of the network and hence enable the system to achieve both the high throughput and the low transaction confirmation latency.

• As the only regulatory compliant, public, and permissionless blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia, connecting decentralized economies to strengthen the global DeFi ecosystem.