Simple Transfers

Simple Transfers

A simple transfer operation moves funds from user A to user B. In contrast to most other blockchain-based financial networks, we do not use addresses or public keys for transfers.

Simple transfer of $50c

Instead, all that is needed for transfers is:

  • source account name
  • destination account name
  • funds (amount and asset)
  • memo (optional)

A transfer may contain a memo with arbitrary text.

Note

The memo is encrypted by default can only be decrypted by the participants of the transfer! The transfer fee depends on the length of the memo!