Parallax is a blockchain protocol that combines Bitcoin's proven monetary discipline with Ethereum's programmability. It maintains Bitcoin's fixed 21M coin supply, 10-minute blocks, and Proof of Work consensus while adding full EVM compatibility for smart contracts.

Parallax was created by a team of blockchain developers who recognized the need for a protocol that bridges Bitcoin's sound money principles with Ethereum's smart contract capabilities. The project follows a fair launch model with no premine or privileged allocations.

Parallax uniquely combines the best of both worlds: Bitcoin's monetary policy (21M fixed supply, halving cycles, PoW) with Ethereum's programmability (EVM compatibility, smart contracts). Unlike Bitcoin, it supports complex applications. Unlike Ethereum, it maintains a fixed supply and doesn't burn fees.