LITEPAPER

Parallax Network Protocol

IMPORTANT DISCLAIMER

Parallax Network and its native token PAX are currently under development. PAX is not a promise of free money, guaranteed returns, or effortless profit. This is an experimental decentralized infrastructure project focused on usability and participation. Future value depends entirely on organic network growth.

1. What Is Parallax Network?

Parallax Network is a decentralized multi-application network designed to function as a unified hub where users can access, manage, and truly own everything in one place.

The objective is to build an ecosystem where users can access decentralized applications, make payments, receive/manage tokens, and interact with digital assets. Everything is guided by one core principle: maximum power with minimal complexity.

2. The Structural Problem

Early blockchains faced clear technical limitations. Modern blockchains introduced a new issue: they are too complex. Wallets, hashes, confirmations, private keys, and security risks make crypto difficult to understand.

If blockchain technology remains complicated, true mass adoption will never happen. To create a decentralized world with real empowerment, blockchains must become simple, intuitive, and invisible.

3. Why Parallax Exists

Parallax exists to make decentralization usable. In Parallax Network, every interaction adds value. Even users who only open the app to check their balance contribute to the consensus mechanism through "Proof of Time" and "Graph of Trust".

4. The "Parallax" Concept & Towers

Parallax represents a change in perspective. The network uses a tower-based validation model. Each tower is anchored by a central validator who invites participants. As trust grows inside a tower, the validator gains more responsibility.

No single validator controls the entire network. Decentralization is enforced by design through a diminishing trust model.

5. Liveness Verification (No KYC)

Bots are a serious threat, but traditional KYC sacrifices privacy. Parallax introduces Fuzzy Biometric Hash.

  • A facial scan is converted into a cryptographic hash.
  • No image data is stored.
  • No personal identity is revealed (Name, Address, ID).

This system proves that a user is a unique human without revealing who they are.

6. Tokenomics

Maximum supply of 10 billion PAX. Emission follows a controlled curve inspired by Bitcoin’s logic but adapted for a high-velocity network. Supply growth depends on minted amount rather than just user count.

7. Savings System

Traditional staking is complex. Parallax replaces it with a Savings System. Users store tokens securely, and stored tokens increase network weight and participation rewards. It feels like a savings account but runs on blockchain consensus.

8. Final Invitation

Parallax Network is more than a blockchain. If you believe crypto should be simple and privacy-respected, we invite you to join. Not as an investor. Not as a spectator. But as a participant.

Welcome to Parallax Network.