1-Project Overview Proxima @Proxima_DLT is an experimental distributed ledger built around cooperative consensus. Token holders extend the transaction history with the greatest ledger coverage: the amount of tokens accounted for in that history. Its directed acyclic graph (DAG) links transactions through unspent transaction outputs (UTXOs), the spendable records created by earlier transactions. Participants converge by building on histories that incorporate more of the ledger. The central idea is to make consolidating compatible transactions useful to participants seeking agreement. Sequencers, active token holders that continuously issue transactions, bring other transaction histories into their own. This gives separate activity a route toward a shared ledger without a validator committee or a block-production race. Consensus remains probabilistic, so confirmation does not mean guaranteed instant finality. Proof of work serves a separate, temporary role in distributing tokens. Proxima is currently in an experimental pre-launch phase, testing its cooperative consensus model as it works toward a decentralized network of token holders. 2-Utility ▪ Transfers and settlement: UTXO transactions record changes in ownership, while sequencers consolidate compatible histories. The cooperative approach gives transactions issued along different paths a way to become part of the same history. This is the core mechanism behind Proxima’s transfer and settlement design in the experimental network. ▪ Sequencing and delegation: Holders can run sequencers themselves or delegate tokens to support sequencing activity. The delegation design retains the holder’s control over the tokens, providing a way to participate without personally operating a sequencer. The take1 implementation includes delegation top-ups, allowing additional tokens to be added to an existing delegation. ▪ Programmable ownership: EasyFL expresses bounded functional validation: rules governing when and how an output can be spent, with limits on their evaluation. Native assets are ledger-issued tokens distinct from PROX; token foundries support their issuance, and NFTs represent individually identifiable assets. These ledger features provide building blocks for applications with different ownership and transfer rules 3-Tokenomics $PROX is the native token, and one PROX equals one million motes. The specified base supply is one billion PROX. Of this, 60 million, or 6%, are created at genesis and held by the founder for bootstrapping; 940 million, or 94%, enter circulation through mining. Those 940 million tokens are newly mined over time, rather than held in a reserve awaiting distribution. Total supply is not capped at one billion: ongoing inflation is separate from base-supply distribution. The current documentation describes chain inflation initially around 10% per year, declining over time. This describes issuance mechanics; individual returns depend on participation and network conditions and are not guaranteed. The project describes a launch without a sale, presale, airdrop, or whitelist. At genesis, the founder controls all issued tokens because the mineable portion does not yet exist. Mining is intended to spread ownership and outgrow that initial concentration. The bootstrap capital has no vesting or lockup commitment. Whether this produces sufficiently distributed control must be assessed as the network develops. 4-Founders Proxima was created by Evaldas Drasutis, known online as lunfardo314. Drasutis authored the whitepaper and is named in the repository’s license. The project describes one-person origins spanning the concept, whitepaper, documentation, and code. 5-GitHub Development The public Go repository dates to September 2023; GitHub does not mark it as a fork. It contains the node software and the proxi command-line wallet, connecting network operation with tools for managing transactions and participation. Activity checked on October 18, 2026 included a commit that day. Repository The take1 release adds separate mining helpers that search for valid proof-of-work solutions, tools for combining small balances, delegation top-ups, and wallet checks that verify proofs for the ledger rules it uses. Together these changes show work across distribution, sequencing, and wallet validation. Public code and release notes make that progress inspectable; external security and performance validation remain separate evidence requirements. 6-Social Links Official X: xitter.cf/Proxima_DLT Founder X: xitter.cf/lunfardo314 Documentation: lunfardo314.github.io/ GitHub: github.com/lunfardo314/proxi… Whitepaper: arxiv.org/abs/2411.16456 7-Risk Score 8/10. Higher means greater risk. An inspectable open-source implementation and explicit launch disclosures are useful strengths. The remaining issues are founder control over stopping or resetting the network, pre-launch tokens that do not survive reset, economic consensus unproven at scale, dependence on a key developer, and ongoing inflation. Independently operated network participation and external security and performance validation would provide concrete evidence for reassessment One liner from Circle9 for everyone to be able to mine ---------------------- curl -fsSL gist.githubusercontent.com/c… | sudo bash ----------------------- Min Specs: Ubuntu 20.04+, 2 GB RAM, 5 GB disk, root. More cores = more hashrate.