Conflux Foundation () Blockchain Platform - Rating and Details of Conflux Foundation ICO (Token Sale) - Rating: Pass

Conflux, a fast, scalable and decentralized blockchain system that optimistically process concurrent blocks without discarding any as forks. The Conflux consensus protocol represents relationships between blocks as a direct acyclic graph and achieves consensus on a total order of the blocks. Conflux then, from the block order, deterministically derives a transaction total order as the blockchain ledger. We evaluated Conflux on Amazon EC2 clusters with up to 20k full nodes. Conflux achieves a transaction throughput of 5.76GB/h while confirming transactions in 4.5-7.4 minutes. The throughput is equivalent to 6400 transactions per second for typical Bitcoin transactions. Our results also indicate that when running Conflux, the consensus protocol is no longer the throughput bottleneck. The bottleneck is instead at the processing capability of individual nodes.

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Our Rating Pass

Team Members

Fan Long

Co-Founder

Fan Long, an Assistant Professor at University of Toronto. He graduated from Tsinghua University Yao Class, and he holds Ph.D of Computer Science from MIT...

Andrew Chi-Chih Yao

Chief Scientist

Professor Yao is a world-renowned computer scientist. He is recipient of the Turing Award in 2000 for his fundamental contributions to the theory of computation...

Wei Xu

Research Scientist

Wei Xu, Assistant Professor and Assistant Dean of the Institute of Interdisciplinary Information Science(IIIS), Tsinghua University...

Ming Wu

CTO

Ming Wu is the founding member of Conflux. Before joining the Conflux Team, Ming was a senior researcher at Systems Research Group in Microsoft Research Asia...

David Chow

Co-Founder

David Chow graduated from Tsinghua University Yao Class. His research interests include networking, systems, and blockchain. David was a system architect at an industry-leading automated trading firm...

Zhe Yang

Core System & Infrastructure Engineer

Zhe Yang graduated from Tsinghua University (he once studied at Yao Class, and later graduated from Department of Mathematics), and he published a paper at top computer theory conference CRYPTO...

Yanpei Liu

Core System & Infrastructure Engineer

Yanpei Liu graduated from the ACM Hornor Class of Shanghai Jiaotong University. Before joining the Conflux team, he was an investment analyst at Sequoia Capital China, where he was responsible for the analysis...

Chenxing Li

Algorithm Engineer/Researcher

Chenxing Li graduated from Yao Class, Tsinghua University. He is currently a Ph.D. student at the Institute of Interdisciplinary Information at Tsinghua University, advised by professor Andrew Yao...

Peilun Li

System Engineer/Researcher

Peilun Li graduated from Yao Class, Tsinghua University. He is currently a Ph.D. student at the Institute of Interdisciplinary Information at Tsinghua University. Peilun's research interests include distributed system...

YuanJie Zhang

COO

YuanJie Zhang holds a BA from Fudan University, and MA from Brandeis University. Before joining the Conflux Team, Yuanjie worked at Huatai private fund of Funds, UNC endowment management company and Novus...

Maggie

HR Manager

Many years HR experience in Internet and Blockchain. Before joining Conflux,She worked at Huobi.

Quan Sun

Finance Manager

A well-qualified and diligent finance manager with experience and proven accomplishments building financial reporting system and controlling cash flow for star-up Company...