so how exactly does "generate 1" work?
is it like mining on command?

on command it starts hashing untill a block is generated and a winner will be choosen random?

does everybody has the same chance?
faster cpu=higher chance?

here are some facts:

-only the wallet can mine the coin by generating blocks
-no pools, ever
-no mining software, ever
-fair distribution, no premine
-only 42 million coins
-masternodes
-private-send, insta-send
-all the dash features