The CFP transceiver is specified by a multi-source agreement (MSA) between competing manufacturers. The CFP transceiver was designed after the small form-factor pluggable transceiver (SFP) interface, but is significantly larger to support 100 Gbit/s. While the electrical connection of a CFP transceiver uses 10 x 10 Gbit/s lanes in each direction (RX, TX) the optical connection can support both 10 x 10 Gbit/s and 4 x 25 Gbit/s variants of 100 Gbit/s interconnects (typically referred to as 100GBASE-SR10 in 100 meter MMF, 100GBASE-LR10 and 100GBASE-LR4 in 10 km SMF reach, and 100GBASE-ER10 and 100GBASE-ER4 in 40 km SMF reach respectively.)

CFP transceivers can support a single 100 Gbit/s signal like 100GbE or OTU4 or one or more 40 Gbit/s signals like 40GbE, OTU3, or STM-256/OC-768.

The original CFP specification was proposed at a time when 10 Gbit/s signals were far more achievable than 25 Gbit/s signals. As such to achieve 100 Gbit/s line rate, the most affordable solution was based on 10 lanes of 10 Gbit/s. However, as expected, improvements in technology has allowed higher performance and higher density. Hence the development of the CFP2 and CFP4 specifications. While electrical similar, they specify a form-factor of 1/2 and 1/4 respectively in size of the original specification. Note that CFP, CFP2 and CFP4 modules are not interchangeable (but would be inter-operable at the optical interface with appropriate connectors).

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