PAXCHAIN
fastest
blockchain
in the world

PAXCHAIN is a new level of security
and transparency. Try it now

What is the PAXCHAIN protocol?

THE SAFE SMARTEST
CONTRACT
PAXCHAIN blockchain is written in the functional programming language OCaml that is used in Space and Airplane development where the price of error is unbelievably high. Thus it makes impossible to execute smart contracts with bugs and errors, what prevents money loss.
FASTEST BLOCKCHAIN
PROTOCOL
IN THE WORLD
PAXCHAIN blockchain provides the fastest transaction speed in the world with the highest scalability. It is possible due to additional Sidechains.
SELF DEVELOPING
NETWORK
Automated protocol update prevents conflicts and as a consequence Hard Forks inside the system that keeps all the users within the PAXCHAIN and makes coin more stable and expensive.

Audience

Business
Government
Developers
Users
Easy-to-create secure smart contracts help reduce the impact of the human factor and mitigate the risks and losses. PAXCHAIN ID as a KYC module allows optimizing the costs of the user identification divisions.

Next Generation Blockchain

Master node
Master node is a server in the decentralized network, which stores all blocks. If nodes receive a transaction, the master node gets a data transfer request.
Side chains
Sidechains is a technology that allows tokens and other digital assets from one blockchain to be securely used in a separate blockchain and then be moved back to the original blockchain if needed.
Node
Node is any computer connected to the blockchain network. Nodes interact via P2P protocols to exchange information about blocks and transactions. Nodes check if a block of transactions is valid and accept or reject it. Depending on its type, a node saves and stores part or the whole amount of blockchain data.

Safest smart-contracts

PAXCHAIN Virtual Machine is implemented using functional programming language Michelson, which supports formal code verification that allows verifying smart contract before it is launched on the network. Thus, due to formal code verification, PAXCHAIN VM does not execute a smart contract in case an error occurs. Moreover, smart contracts created on the PAXCHAIN Smart Contract Platform are Turing complete, which ensures their correctness, because Turing completeness avoids frauds and delays in smart contracts. The smart contract, created on Republia platform, will never get caught in an endless loop because it operates under the principle of a timestamp, which ensures execution of a digital contract.
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Why we are using OCaml

01
Credibility
PAXCHAIN Blockchain is written in OCaml programming language. Using mathematical compiler this language rules out many errors. OCaml is applied in aircraft control software for the family of Airbus A340 and the areas where one mistake can lead to irreversible consequences. Among companies using OCaml are Microsoft, IBM, Facebook, Bloomberg, etc. Corporations choose OCaml to provide the best security of their services.
02
Safety
OCaml is a safe language. Using mathematical compiler this language rules out many programming errors. This formal verification eliminates mistakes before running the code. The compiler verifies programs before they are executed, preventing those programs from breaking down. More precisely, this protects the integrity of the data manipulated by an OCaml program.
03
Functionality
OCaml is a functional programming language: there is no restriction on the definition and use of functions. OCaml allows formal verification of individual parts of the protocol. This feature makes OCaml the perfect language to be used in open source software because in such systems there are often vulnerabilities, which participants add accidentally or intentionally.
04
Error recovery
OCaml features an exception handling mechanism to signal and handle errors and exceptional situations. PAXCHAIN aims to provide zero error rate of smart contracts, because, according to the research, 34 200 out of 1 000 000 Ethereum smart contracts are potentially vulnerable.

Fastest blockchain protocol
in the world with the highest
scalability

Fastest blockchain protocol in the world with the highest scalability

tps
1 sec
250 tps
15 sec
25 tps
25 sec
7 tps
600 sec
Scalability
Speed

Self developing
network

PAXCHAIN Ecosystem introduces an improved voting system, with the help of which all changes are implemented through consensus, which entails an automated update of the protocol among users. Thus, PAXCHAIN Blockchain avoids hard forks. Moreover, PAXCHAIN Blockchain protocol is divided into three layers (network layer, consensus layer, transaction layer) and layer separation allows to change protocol without hard forks.
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PAXCHAIN products

    PAXCHAIN products

    Roadmap

    2018
    q1
    q2
    q3
    q4
    Pre-sale

    Roadshow

    End of Bounty Campaign
    • 2016
    • 2017
    • 2018
    • 2019
    • 2020

    Partners

    Partner
    name
    Partner
    name
    Partner
    name
    Partner
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    Partner
    name

    Events

    01-02
    Nov
    Blockchain Summit
    Malta
    27
    Nov
    Consensus Invest
    New York
    28
    Nov
    Blockshow
    Singapore