This is a question often surrounded by confusion, so here's a quick explanation!
The Basics
Start using Parallax by installing a wallet, generating addresses, and sending or receiving funds. It's as simple as email!
Balances & Blockchain
All transactions are recorded on the Parallax blockchain. Wallets compute your spendable balance and cryptography keeps everything secure and transparent.
Transactions & Private Keys
Transactions transfer value between wallets and are signed with your private key. This proves ownership and keeps your funds safe.
Processing & Mining
Miners secure Parallax by packaging transactions into blocks and competing with XHash Proof-of-Work. This keeps the network fair and decentralized.
Going Down the Rabbit Hole
This page is just the surface. To dive deeper, check out the Parallax white paper, developer docs, and community resources.