NÝR runs on its own blockchain. It is not a token on someone else’s chain and not an account at a bank.
NÝR is not an ERC-20, not a sidechain token, not a row in a corporate ledger. The chain is one append-only file. Nodes gossip blocks with each other — port 19191 for now, onion later. Nobody licenses it, nobody may switch it off. Blocks order the book. They do not print money.
The wallet never opens that file. It is a light client: it fetches blocks from nodes, keeps what concerns it, and leaves the rest.
NÝR is a unit of time and a voucher — a stamp booklet for services and goods among neighbours. Time given and time returned should count without an account, an issuer, or a gatekeeper. Amount and memo are only for sender and recipient. Publicly, only that something moved remains — not whose household, not how much.
There is no company, no foundation, no premine in a known pocket. 13 Latin words are the wallet. Addresses start with nyr1 and can be rotated; older ones stay valid.
Supply has no cap. New coins are a node’s work time: electricity and a machine given to the network. The rate is 0.00001 NÝR per second, at most 0.86400 in 24 hours, plus 0.00001 per validated transfer. The operator names a receive address. If you do not run a node, you receive NÝR from others — as a voucher for time, help, or goods.
Five decimal places. On testnet a transfer confirms once two other nodes have acknowledged it.
Not a speculative chip with an issuer you can sue. Not a bank token. Not an account a desk can freeze. NÝR is meant to carry neighbourhood favours — and to stay a ledger nobody chartered.