Conflux Token will upgrade the network via a hard fork to version 2.5.0. The update will take place at block height 118580000, on March 17.
Conflux (CFX) is a public, permissionless blockchain that aims to provide a high-performance, scalable, and secure infrastructure for decentralized applications (dApps) and digital assets. It uses a unique consensus protocol called Tree-Graph, which is designed to achieve high throughput and security with a high degree of decentralization. The native Conflux token is CFX. It serves a variety of purposes on the network, including as a medium of exchange for paying for transactions and computing services, as a token to provide consensus on the network, and to participate in voting.