Thanks for the solid questions, let me break it down:

1. PoW + DAA
Parallax runs on Ethash — memory-hard, GPU-friendly, chosen to avoid early SHA-256 ASIC centralization. No merge-mining with BTC, this is its own chain.
Difficulty adjusts every 2016 blocks with the same ±4× bounds as Bitcoin. That’s intentional: conservative, predictable, and audit-friendly. Faster schemes (ASERT/DGW) adapt quicker but add governance/tuning risk. We’d rather inherit Bitcoin’s “slow but ossified” model, even if launch is bumpier.

2. EVM config
Unique ChainID will be set before launch to prevent replay.
No EIP-1559 — Parallax sticks to first-price gas auctions, all fees to miners, no burning (to preserve the 21M cap).
Gas limit starts at 600M per 10-min block (~1M gas/sec, about half of Ethereum). Can be tuned by miners, but sticking with 600M gas limit as a conservative default at launch.
Latency is Bitcoin-like: 10m confirmations at L1, with rollups expected for faster UX.
MEV is treated the same as Ethereum today — neutral L1, leave solutions to miners/tools.

3. Client/tooling
The client is geth based with PoW + Parallax consensus baked in.
Explorer + public RPC soon after launch. We prefer the community involvement in this area to assure users have plenty of options to choose from besides the official ones.
Open-sourced from day one, community review first, formal audits later.
Bug bounties/dev incentives are planned, but no premine/governance token — everything starts clean at genesis.

Parallax is an experiment in merging Bitcoin’s ossified rules with Ethereum’s programmability. Neutrality > short-term tuning.

Hello BitcoinTalk,

We are announcing the release of the Parallax Whitepaper, a permissionless timechain experiment that unites Bitcoin’s immutability with Ethereum’s programmability.

📜 Whitepaper: https://github.com/microstack-tech/parallax-whitepaper
🔗 Official X account: https://x.com/prlxchain

What is Parallax?

Parallax is a new Proof of Work chain with:

Bitcoin’s fixed monetary rules:

• 21 million supply cap
• 50-coin genesis reward, halving every 210,000 blocks (~4 years)
• 10-minute blocks, 2016-block difficulty retarget with 4x adjustment bounds

Ethereum’s execution layer:

• Full EVM compatibility
• Solidity/Vyper contracts
• Developer tooling support

Fair Launch

• No premine
• No foundation allocation
• No privileged insiders
• First block mined after genesis issues 50 coins to the successful miner
• Genesis block will include a contemporary news headline (as Bitcoin did) to prove launch timing

Why Parallax?

Bitcoin is unmatched as digital sound money, but intentionally limited in programmability.
Ethereum enables expressive smart contracts but relies on adaptive monetary rules.

Parallax is not competing with Bitcoin. It is an experiment in uniting scarcity with programmability, grounded in neutrality and Proof of Work.

Roadmap

• Whitepaper release — now public for community review.
• Open-source client release + mainnet launch — to follow in a fair-launch process.

No hidden mining.
Launch date announced 2 weeks in advance.

Closing

Parallax is an experiment. Its future depends on whether the community finds value in a protocol that combines:

• Bitcoin’s ossified monetary base
• Ethereum’s programmable expressiveness
• Proof of Work neutrality

We welcome critique, discussion, and involvement.

📜 Whitepaper: https://github.com/microstack-tech/parallax-whitepaper
🔗 Official X: https://x.com/prlxchain