Parallax (LAX) Tokenomics

Parallax is a community-driven, Bitcoin-inspired Proof of Work blockchain with a fixed 21 million supply, a fair launch, and no premine or VC allocation. Designed from block zero with no privileged mining phase, it brings Bitcoin's monetary discipline to an EVM-compatible environment, combining predictable scarcity with the full power of Ethereum's smart contract ecosystem. Built from a clean-room fork of Go-Ethereum, Parallax re-engineers the consensus, emission, and difficulty layers to follow Bitcoin's long-term security model. The network uses 10 minute blocks, Bitcoin-style halvings, and difficulty adjustments every 2016 blocks, providing stability, resistance to manipulation, and a cumulative Proof of Work fork choice that strengthens chain security over time. Mining is powered by XHash, a custom Proof of Work algorithm derived from Ethash and optimized for modern GPUs through the open source Hashwarp miner. This design ensures mining remains accessible to regular participants rather than concentrated in specialized hardware, supporting a healthier and more decentralized network. Parallax is entirely open source, with transparent emission logic, public repositories, and a fully auditable codebase. A dedicated Blockscout explorer provides real-time visibility into the network, while an organically growing ecosystem of miners, node operators, and developers continues to expand the chain and build new applications. By uniting Bitcoin's economic foundations with Ethereum's programmability, Parallax delivers a stable, deflationary, and genuinely decentralized Proof of Work base layer for the next generation of on-chain applications.