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.


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!