AXIS A X · S C R Y P T P R O O F O F W O R K A fast, open, peer-to-peer digital currency WHITEPAPER · VERSION 1.0 Built on Litecoin Core 0.21.4 | Max supply 120,000,000 AX | Not financial advice AXIS Whitepaper v1.0 Axis (AX) 2 CONTENTS Overview 01 Abstract 02 Motivation 03 Key Parameters 04 Transactions 05 Proof of Work with Scrypt 06 The Network 07 Monetary Policy 08 Security Considerations 09 Conclusion Scrypt Proof-of-work algorithm 120M AX Maximum supply 100 AX Initial block reward 600,000 Blocks per halving AXIS Whitepaper v1.0 Axis (AX) 3 SECTION 01 Abstract Axis (AX) is a decentralized peer-to-peer electronic cash system with no central issuer or intermediary. Transactions are grouped into blocks, ordered by proof of work, and validated independently by every full node. Axis is built on the Litecoin Core 0.21.4 codebase and secures its ledger with the memory-hard Scrypt algorithm, combining a battle-tested consensus design with its own monetary policy, network identity and address format. SECTION 02 Motivation Digital payments should be cheap, quick to confirm and open to anyone. Axis takes a proven foundation instead of reinventing consensus: it inherits years of review, tooling and operational experience from its upstream, then defines a distinct economic schedule — a larger initial block reward and a fixed supply of 120 million coins — aimed at rewarding early participants and distributing coins broadly through mining. AXIS Whitepaper v1.0 Axis (AX) 4 SECTION 03 Key Parameters Parameter Value Coin name / ticker Axis / AX Base software Litecoin Core 0.21.4 (branch 0.21) Consensus Scrypt Proof of Work Coin unit AXs Mainnet address prefix Addresses begin with A Testnet address prefix Addresses begin with X P2P port 26054 RPC port 26053 Block reward 100 AX Halving interval 600,000 blocks Total supply 120,000,000 AX SECTION 04 Transactions An Axis coin is a chain of digital signatures. Each transaction spends outputs from earlier transactions and assigns new outputs to recipients, whose ownership is proven by a signature from the matching private key. Because transactions are broadcast publicly, nodes can verify that an output has not already been spent. Inherited from the upstream code, Axis supports Segregated Witness, which fixes transaction malleability and makes better use of block space. AXIS Whitepaper v1.0 Axis (AX) 5 SECTION 05 Proof of Work with Scrypt Miners assemble pending transactions into a candidate block and repeatedly hash its header with Scrypt until the result falls below a network-defined target. Scrypt requires substantial memory per hash, which raises the cost of specialized hardware and keeps mining accessible to a wider range of participants. The chain with the most accumulated work is the valid chain, so rewriting history requires redoing the work of every block since the change. SECTION 06 The Network Nodes communicate over the P2P port (26054). The network operates in five steps: 1. New transactions are broadcast to all nodes. 2. Miners collect them into a block and work on finding its proof of work. 3. On finding a valid block, the miner broadcasts it. 4. Nodes accept it only if all its transactions are valid and unspent. 5. Nodes express acceptance by building the next block on top of it. Wallets, explorers and services interact with a node through its JSON-RPC interface on port 26053, which should never be exposed to the public internet without authentication and network controls. SECTION 07 Monetary Policy Each block creates 100 AX for the miner who found it, plus that block's transaction fees. Every 600,000 blocks the subsidy is cut in half. Since 600,000 × 100 × 2 equals 120,000,000, the geometric series of rewards converges on the fixed supply cap. AXIS Whitepaper v1.0 Axis (AX) 6 Era Block range Reward Coins issued Cumulative 1 0 - 599,999 100 AX 60,000,000 60,000,000 2 600,000 - 1,199,999 50 AX 30,000,000 90,000,000 3 1,200,000 - 1,799,999 25 AX 15,000,000 105,000,000 4 1,800,000 - 2,399,999 12.5 AX 7,500,000 112,500,000 5 2,400,000 - 2,999,999 6.25 AX 3,750,000 116,250,000 ... ... approaches 0 approaches 120M 120,000,000 As the subsidy shrinks, transaction fees are expected to make up a growing share of miner income, sustaining security over the long term. SECTION 08 Security Considerations An attacker controlling a majority of network hashrate could reorder recent transactions, so merchants should wait for more confirmations on larger payments. As with any smaller network, hashrate concentration is the main risk; broad, decentralized mining participation is the best defense. Users should protect private keys, keep encrypted wallet backups, and run current software. SECTION 09 Conclusion Axis pairs a mature, well-reviewed codebase with a clear and predictable monetary schedule: 100 AX per block, halvings every 600,000 blocks, and a hard cap of 120 million coins. It offers a trust-minimized way to hold and transfer value, secured by open participation in Scrypt mining. Draft assumptions: target block time, difficulty retarget window and smallest sub-unit were not specified. Litecoin defaults are assumed (2.5-minute blocks, 2016-block retarget, 8 decimal places); at 2.5 minutes a halving occurs roughly every 2.85 years. Confirm or replace before publishing.