Paragon is no longer infinite in D4. You still level up regular levels but instead of gaining skill points, you get 1 paragon point every 1/4 level, total of 4 paragon per level.Paragon points was added in Diablo 3. When you max out the essential skills of your character build, at level 50, you still level up "infinitely", getting Paragon points, which you can spend to improve your character.
Maybe someone can explain this better. I still don't know well the new Paragon mechanics
Paragon points in D4 is more complex but a lot more powerful for your benefits, allowing you to focus on stats and bonuses to you specific skills. You put points in along a path you want to take picking up all the bonuses along the way. The glyphs especially are a cool addition.
Diablo is mostly all about the endgame, which is after campaign is complete, going to WT3 and going from 50 to 100. It's when the Nightmare dungeons, Whispers and Helltides are available and begins the many hours of grinding for loot drops and xp to upgrade and refine your build.
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