What is Dznye Chain?

Dznye Chain is a shared online record of who owns what, run by many computers instead of one company. Here is what it does, in plain words.

Dznye Chain is a way to send money, make your own tokens, and trade online without a bank or a company in the middle. Think of it as a very simple, very open version of PayPal that nobody owns.

The idea in one minute

Imagine a notebook that lists who owns what. In a normal bank, one company keeps the notebook, and you have to trust it. On Dznye Chain, many independent computers each keep a copy. A new page is only added when most of them agree it is correct. If someone tried to change an old page, all the other copies would disagree, so it would not work.

That notebook is called a blockchain. Each page is a block. A new block is added about once a second when people are using it.

What you can do with it

• Send money to anyone, in about a second, with a short public note. How sending works.
• Get a name like @alex, so people can pay you without copying a long code.
• Make your own token: game gold, loyalty points, tickets, rewards, anything you like. How to make one.
• Trade any token for any other with nobody holding your things in between. The market.
• Stay safe if you lose a phone, with several devices, a trusted person who can help you recover, and accounts that need more than one key. Staying safe.
• Build things: small programs called contracts, instant payments between two people, and apps. Contracts, payment channels, developer kit.

Why it is different

• You hold your own keys. Your account belongs to you. No company can freeze it, and no company can recover it for you either, so keep your backup safe.
• You can start with nothing. A small fee is charged for each action, but a welcome fund pays it for everyday things, so a new person does not have to buy anything first. Fees.
• Anyone can check it. Every block is public. Anyone can download the whole history and check every rule and signature themselves.
• The coin is never destroyed. The chain's own coin, DZY, has a fixed total of 12,000,000. Fees go to validators and to a shared treasury and are paid out again, so DZY goes round like a currency. About DZY.
• It is built for apps and bots too. You can give software a key that can only do one small thing, so it can never empty your account.

Who runs it?

The chain is run by validators: computers whose operators lock up some DZY as a promise to behave. If a validator cheats, it loses part of that DZY and its place. The network starts with one validator and adds more as people use it. Validators and staking explains how.

Where to go next

1. Get started in 5 minutes: open a wallet, back it up, pick a name.
2. Send and receive: your first payment.
3. Questions and answers: quick answers to common questions.