We’re releasing the whitepaper for Parallax, a new timechain experiment that combines Bitcoin’s monetary discipline with Ethereum’s programmability.

???? Whitepaper: https://github.com/microstack-tech/parallax-whitepaper

Why Parallax?

• Bitcoin demonstrated digital scarcity but limits programmability.
• Ethereum introduced the EVM but lacks a fixed monetary supply.
• Parallax merges both: Bitcoin’s fixed rules + Ethereum’s smart contract expressiveness.

Key Design Points

• Consensus: Proof of Work (Ethash)
• Block time: 10 minutes
• Monetary supply: Hard cap of 21 million coins
• Issuance: 50 coins per block, halving every 210k blocks
• Genesis: No premine, no privileged allocations
• Execution: Full EVM compatibility
• Fee model: First-price auction (no burning)

Philosophy

• Neutrality: no governance token, no foundation control.
• Ossified monetary base: predictable, 21M forever.
• Programmability without monetary trade-offs.

This is not a competitor to Bitcoin, but an experiment:
???? What happens when Bitcoin’s scarcity and Ethereum’s expressiveness meet in one protocol?

The purpose of this announcement is to share the whitepaper early and give miners, developers, and curious people a fair chance to prepare.

• No premine
• No insiders
• Launch date announced in advance so everyone starts from the same line

Would love to hear your feedback, critique, and discussion.

Follow updates on X: @prlxchain