Setup, wallets, and TorvyonKey — everything needed to start holding and sending ₜBit, on the website or the desktop app.
Torvyon is an independent proof-of-work blockchain with its own consensus rules and its own native coin, ₜBit. Blocks are mined — not pre-allocated — with a fixed 210,000,000 ₜBit max supply and a decaying issuance schedule (reward decreases ~2.09% every year through a smooth, continuous curve rather than a sudden cut) enforced directly in the chain's consensus code. There is no admin key that can mint extra coins beyond what consensus allows, and no discretionary allocation hidden in a smart contract nobody reads — the fixed genesis allocation and the full issuance schedule are both public and compiled directly into the software every node on the network independently runs.
That last part is worth sitting with for a moment, because it's the actual reason proof-of-work chains are trusted the way they are: nobody has to take Torvyon's word for the supply schedule. Anyone can download the node software, read the consensus code themselves, and verify that the numbers in this book match what the software actually enforces — or run a node and watch it happen, block by block.
Three things make up the everyday Torvyon experience:
.tvykey file, encrypted with AES-256-GCM, that holds your private key and recovery phrase offline instead of leaving them sitting in one browser.This book covers day-one setup: creating a wallet and using TorvyonKey, on both the website and the desktop app — plus a deeper look at tokenomics and a glossary of terms toward the end.
Open https://wallet.torvyon.tech. The first screen you'll see is the splash screen — swipe or tap to continue to login/create.
Enter your private key in the field shown in Fig. 3.1 and tap Log In. Forgot your key? Use Recover with your 24-word phrase below the button.
TorvyonKey is Torvyon's cold-wallet format: your private key and 24-word recovery phrase, packed together and encrypted into one .tvykey file — held offline instead of sitting decrypted in a browser.
.tvykey file and store it wherever you keep cold backups — a USB drive, an encrypted external disk, anywhere off this device.Under the hood, the .tvykey file is encrypted with AES-256-GCM, using a key derived from your password via PBKDF2 (150,000 iterations, SHA-256) with a random salt and IV generated fresh every time you save. A wrong password isn't checked against a stored hash — it simply fails to decrypt, since the encryption's own authentication tag won't verify. The password is what actually protects the file if it's ever lost or copied.
Torvyon Wallet is the native desktop version of the wallet, available for macOS, Linux, and Windows, on both Intel/x64 and Apple Silicon/ARM64 machines. It supports the same TorvyonKey cold-wallet flow as the website, plus automatic drive detection — if your .tvykey file lives on a plugged-in USB drive, the desktop app notices it as soon as it's connected, without needing a manual file picker.
.tvykey cold-wallet file from it.From Home, tap Send, enter a recipient address (or scan their QR code), an amount, and a fee tier — Eco, Standard, or Fast — then confirm. A Torvyon address always starts with bt1, a fixed prefix that makes it instantly recognizable and hard to confuse with an address from an unrelated chain. Double-check the full address, not just the first few characters, before confirming — the wallet won't warn you if the destination is unfamiliar, since any valid address is a valid destination.
The fee tier you choose affects roughly how quickly your transaction is picked up for mining, not whether it eventually confirms — Torvyon's proof-of-work miners generally prioritize higher-fee transactions when a block has limited room, so Fast is the safer choice when timing matters, while Eco is fine for a transfer you're in no hurry about.
Tap Receive to show your own address as a QR code and as text, ready to share or have scanned. The same address can be reused for as many incoming payments as you like — nothing about receiving funds requires generating a new one each time.
Tap Buy to purchase ₜBit with a supported local payment method, choose an amount and fee tier, and confirm your order. Once payment is confirmed on the payment provider's side, ₜBit is released to your wallet automatically — no manual approval step on your end.
A transaction is first pending (broadcast, waiting to be mined), then confirmed once it's included in a mined block. Torvyon's target block time is 20 seconds, so most transactions confirm within a block or two under normal network conditions — Activity shows the live status of each one as it moves through that process.
Every transaction — sent, received, or bought — appears in Activity, with full detail: hash, from/to addresses, fee, and confirmation status.
Everything below follows from one fact: on a blockchain, whoever holds the private key controls the funds, permanently and without appeal. There's no "forgot password" reset, no customer support line that can reverse a mistaken transfer, and no company holding your ₜBit on your behalf that could restore access. That's what makes the chain trustworthy in the first place — but it also means the responsibility genuinely sits with you.
Torvyon's monetary policy is fixed at the consensus level — no vote, admin key, or company decision can change it after the fact. This chapter walks through exactly how ₜBit comes into existence and where the current supply is allocated.
Every ₜBit that will ever exist falls into one of two categories: a fixed 21,000,000 ₜBit genesis allocation, split between the Foundation, Ecosystem, and Liquidity wallets, plus 189,000,000 ₜBit released gradually through block rewards over time. Those two numbers aren't independent — the reward-decay curve was deliberately calibrated so the two add up to exactly 210,000,000, not an approximation.
Rather than cutting the block reward sharply at fixed intervals, Torvyon's block reward decays smoothly — about 2.09% less every year — starting from 2.5 ₜBit per block. This continuous curve avoids sudden emission cliffs, spreading issuance more evenly over the chain's lifetime.
Vesting is enforced by every node's own validation logic, not by a promise — a transaction attempting to move more than the currently-unlocked amount from a vesting wallet is rejected by the network itself, the same way an insufficient-balance transaction would be.
Address — a public identifier (always starting with bt1) that funds can be sent to. Safe to share freely; it reveals nothing about the private key that controls it.
Block — a batch of confirmed transactions, permanently added to the chain roughly every 20 seconds.
Confirmation — the state a transaction reaches once it's included in a mined block. More blocks built on top make it progressively harder to reverse.
Consensus — the shared rules every node enforces independently, so the entire network agrees on one history without needing to trust each other.
Fee — a small amount paid per transaction, going to whichever miner includes it in a block.
Genesis block — the very first block of the chain, block 0, from which every later block descends.
Mining / Proof of Work — the process by which new blocks are produced: computers compete to solve a difficulty-adjusted puzzle, and the winner earns that block's reward.
Tovin — ₜBit's smallest on-chain unit, exactly 1/100,000,000th of one ₜBit. All balances and transfers are ultimately tracked in tovins under the hood, so amounts can be split with full precision.
Private key — the secret value that proves ownership of an address and authorizes spending from it. Never shared, never transmitted.
Recovery phrase — a 24-word backup of your private key, generated once at wallet creation. The only way to restore a wallet on a new device.
TorvyonKey — Torvyon's cold-wallet format: a password-protected .tvykey file, encrypted with AES-256-GCM (key derived via PBKDF2, 150,000 iterations), that holds your private key and recovery phrase offline and can be used to log in from any device without leaving a key in the browser.
Vesting — a schedule that unlocks a wallet's balance gradually over time rather than all at once, enforced directly by the network's consensus rules.
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