QUYN WHITEPAPER
Technical Overview
Version 1.0 — March 2026
Abstract
Quyn (QYN) is a decentralized payment network built for fast, cheap, borderless transfers. Combining a Rust-based blockchain core with EVM-compatible smart contracts and Proof of Stake consensus, QYN targets 50,000 transactions per second with 3 second finality. The network is designed to serve as global payment infrastructure accessible to anyone, anywhere, without permission from banks or governments.
Technology
The QYN blockchain is built entirely in Rust, chosen for its performance, memory safety, and concurrency. The execution layer uses an EVM-compatible virtual machine, allowing all existing Solidity smart contracts to deploy on QYN without modification. The P2P networking layer uses libp2p with Kademlia DHT for decentralised peer discovery. State is stored in RocksDB for high throughput reads and writes. Parallel transaction execution allows independent transactions to process simultaneously across CPU cores, targeting 50,000 TPS on modern hardware.
Consensus
QYN uses Proof of Stake consensus. Validators must stake a minimum of 10,000 QYN to participate. Up to 1,000 validators may be active at any time, selected by stake weight. Block time is 3 seconds with an epoch length of 32 blocks. Validators earn 5% APY from the staking reward pool. Slashing conditions apply for double signing and sustained liveness failures. Users may delegate stake to validators without running a node themselves.
Economics
Total supply is fixed at 1,000,000,000 QYN with 18 decimal places and zero inflation. The network uses a gas fee model where 50% of all transaction fees are permanently burned, reducing supply over time, and 50% goes to the block proposer. Chain ID is 7777 on mainnet and 7778 on testnet.
Tokenomics
| Allocation | Percentage | Amount |
|---|---|---|
| Public Sale | 40% | 400,000,000 QYN |
| Team (2yr vesting) | 20% | 200,000,000 QYN |
| Reserve | 20% | 200,000,000 QYN |
| Marketing | 10% | 100,000,000 QYN |
| Validators | 10% | 100,000,000 QYN |
| Total | 100% | 1,000,000,000 QYN |
Roadmap
Q1 2026: Blockchain core complete, full test suite passing, EVM compatibility confirmed, wallet and SDK released.
Q2 2026: Public testnet launch, faucet live, developer documentation published.
Q3 2026: Independent security audit, DEX listing, CoinGecko and CMC listings.
Q4 2026: Mainnet launch, CEX exchange listings, ecosystem grants program.
Legal
This document is for informational purposes only and does not constitute financial advice or an offer to sell securities. Participation in the QYN network involves risk. Always do your own research.