Tyzen

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Tyzen or TZN is an electronic currency that is often referred to as cryptocurrency, Tyzen uses a peer-to-peer blockchain network that connects one network to another to maintain the security of the Tyzen system from threats in the form of hacker attacks or illegal data changes by irresponsible people. responsible for personal gain

One notable innovation is the blockhain protocol, which was pioneered by the cryptocurrency Bitcoin. In 2009, when someone or a group of people using the name Satoshi Nakamoto launches the open source code for the Bitcoin software. Bitcoin introduces elegant solutions to several challenges as well as incentives for network nodes to stay up, make the Bitcoin network grow and strengthen it.

As we already know, many cryptocurrencies emerge every day carrying the same mission but do not have a big influence on the development of blockchain technology because many of them only use the same source code and only replace it a little without considering what functions and problems will be fixed.

With this opportunity in mind, our creation of Tyzen and the TZN Platform appeared in June 2022, after going through a difficult time in development and conducting various tests to prevent bugs or problems in the future, we are ready to publish a digital currency called Tyzen to everyone. with the aim of shortening transaction times and providing the lowest fees to users with the best quality and security.

Blockchain network

On the Tyzen network, each computer running Tyzen continuously is called a node, this node stores data on every transaction made by users and then propagates it to the blockchain network with a peer-to-peer or node-to-node system. It is impossible to change the blockchain data that has been sent to the network, this is what makes Tyzen very safe to use as a digital currency.

Tyzen is not regulated by the government or anyone but the users themselves, every user has full access to their Tyzen without any restrictions at all because Tyzen adapts a decentralized system.

Unlike currencies in general, Tyzen allows account ownership without the need for identity (Anonymous), unlike banks in general which need a lot of paperwork to create an account which takes quite a long time. Tyzen only needs a computer and access to the internet to create a wallet that will store Tyzen or TZN, so users don’t have to bother and wait long just to create an account.

Transaction

From the information that can be obtained through the official Tyzen.io page, it is explained that each transaction only takes a few seconds to process and the money sent will be immediately available in the recipient’s wallet, and with very low fees or even free.

Each Tyzen transaction contains the public key (Tyzen Address) of the first owner. When that user sends Tyzen to another user, the coins will change ownership to the new owner who is the recipient of the coins. The amount will remain the same but not doubled.

Technical

Tyzen adopts the blockchain system from Bitcoin and Litecoin by developing it to be better than its predecessor, by speeding up transactions, reducing transaction fees and using different types of Algorithms. Tyzen uses the YescryptR16 CPU consensus algorithm, by using this algorithm each block mining can be done more easily, cheaply and quickly. Each block appears with a time span of 1 to 90 seconds with a reward of 50 Tyzen or TZN for each hash that is successfully solved.

Proof-Of-Work, a form of cryptographic proof in which one party proves to another that a certain amount of computational effort has been expended. Examiners were subsequently able to confirm these expenses with little effort on their part, in which miners compete to append blocks and mint new Tyzen, each miner experiencing a success probability proportional to the computational effort expended.

On the Tyzen network, there are only 100 million Tyzen coins that can be circulated or used. For every 950,000 Blocks there will be something called a Halving, namely a reduction in the number of prizes on each Tyzen block, from the initial prize of 50 TZN to 25 TZN and so on to 0.

The rarer Tyzen the more valuable each coin, this will increase the price of Tyzen which is very suitable for investors. Unlike bitcoin or other coins, the fewer block rewards on Tyzen will not make mining from Tyzen more difficult or slow down the process of creating a block which can cause a decrease in speed in a transaction because Tyzen uses Dark Gravity Wave v3 (Difficulty Retarget Algorithm).

Dark Gravity Wave v.3

In Bitcoin and other Cryptocurrencies “Dark Gravity Wave” is an open source mining difficulty re-adjustment algorithm developed by Evan Duffield (creator of X11/Darkcoin/Dash). The first Crypto currency to implement this algorithm is Darkcoin DASH or Digital Cash. Later on; many Alt coins started to adopt this algorithm as it is known to adjust the difficulty faster and its non-linear.

DGW uses multiple exponential moving averages and simple moving averages to achieve more difficult retargeting mechanisms. Coins that have Dark Gravity Waves as their algorithm have a hard time dealing with issues like multipools as they target the difficulty of each block. Not only that; with DGW the chain becomes safer and on time much more consistent; despite the large fluctuations in mining power. Apart from the manageable difficulty, some of the other benefits of Dark Gravity Wave are security, faster transactions, more miners and a reliable chain.