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README.md

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Official Golang implementation of the **Parallax protocol**.
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> **Parallax** is an open experiment in programmable money. It combines Bitcoin’s fixed monetary rules with Ethereum’s virtual machine to deliver a scarce, decentralized, and programmable timechain.
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> **Parallax** is a Proof-of-Work timechain protocol designed to merge the security model of Bitcoin with the programmability of the EVM. It combines Bitcoin’s fixed monetary rules with Ethereum’s virtual machine to deliver a scarce, decentralized, and programmable timechain.
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## What is Parallax?
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## More on Parallax
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- ⛏️ **Proof of Work (Ethash)** — memory-hard, GPU-friendly mining for broad participation.
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- 🕒 **10-minute block interval** — stability and probabilistic finality inspired by Bitcoin’s timechain.
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- 💰 **21M fixed supply** — halving cycles every 210,000 blocks; no premine; no privileged allocations.
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- ⚙️ **EVM execution** — Solidity & Vyper smart contracts; compatible with Ethereum tooling.
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- 🌐 **Neutral & community-driven** — no governance over supply; protocol stewardship trends to the community.
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- Website: [https://parallaxchain.org](https://parallaxchain.org)
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- Technical Documentation: [https://docs.parallaxchain.org](https://docs.parallaxchain.org)
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- Whitepaper: [https://parallaxchain.org/introduction/whitepaper](https://parallaxchain.org/introduction/whitepaper)
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Parallax is **not** a replacement for Bitcoin. It is a complementary system that explores what becomes possible when **Bitcoin’s monetary discipline** meets **Ethereum’s expressiveness**.
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---
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## System Parameters
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| Parameter | Value |
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|------------------------------|---------------------------------------|
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| Consensus Mechanism | Proof of Work (**Ethash**) |
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| Target Block Interval | **600 seconds** (10 minutes) |
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| Difficulty Retarget | **2016 blocks** (~2 weeks) |
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| Initial Block Reward | **50** coins |
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| Halving Interval | **210,000** blocks (~4 years) |
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| Maximum Supply | **21,000,000** coins |
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| Premine | **0** |
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| Execution Environment | **EVM** (account-based) |
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| Fee Model | **First-price auction** (no burn) |
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| Block Gas Limit (initial) | **600M** gas; ±0.1% elastic per block |
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| Coinbase Maturity | **100 blocks** |
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We have beginner guides on how to run a Parallax node and mining. These can be found [here](https://docs.parallaxchain.org/guides).
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## Running a Node
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> Mainnet is not yet live. The node will default to testnet instead.
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Mainnet (interactive console):
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```bash
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### Hardware Recommendations
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- **Minimum**: 2 cores, 4 GB RAM, 500 GB SSD, 8 Mbps
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- **Recommended**: 4+ cores, 16 GB RAM, 1 TB SSD, 25+ Mbps
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- **Minimum**: 2 cores, 4 GB RAM, 250 GB SSD, 8 Mbps
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- **Recommended**: 4+ cores, 8 GB RAM, 500 TB SSD, 25+ Mbps
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clef newaccount
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```
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We have beginner guides on how to run a Parallax node and mining. These can be found [here](https://docs.parallaxchain.org/guides).
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## JSON-RPC (Developers)
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## Philosophy & Governance
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- **Fair launch** — no premine, no insider allocations; everyone starts at genesis.
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- **Immutable monetary policy** — 21M hard cap with predictable halving; no fee burn.
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- **Open participation** — Ethash favors decentralized, commodity hardware mining.
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- **Community stewardship** — developed under MicroStack initially; long-term ownership transitions to the community.
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- **Neutrality first** — monetary rules are not subject to governance or discretion.
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## Contribution
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We welcome contributions aligned with **neutrality, openness, and decentralization**.
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- **Library code** (`/` excluding `cmd/`): [LGPL v3](https://www.gnu.org/licenses/lgpl-3.0.en.html)
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- **Executables** (`/cmd/*`): [GPL v3](https://www.gnu.org/licenses/gpl-3.0.en.html)
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> **Parallax is an open experiment.** Its future is written by builders, miners, and users—not by any single company or foundation.

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