Sending and Receiving PVT-USD Coins
Sending and Receiving PVT-USD Coins
Sending and receiving PVT-USD coins on the P-20 blockchain, a privacy-focused, anonymous, and DAG-based blockchain, ensures secure and confidential transactions. In this guide, we will walk you through the steps of sending and receiving PVT-USD coins while preserving your privacy and anonymity.
Sending PVT-USD Coins
To send PVT-USD coins using the privacy and anonymity features of the P-20 blockchain, follow these steps:
Launch your P-20 wallet: Open your P-20 wallet, specifically designed to interact with the privacy and anonymity features of the blockchain, on your preferred device (such as a desktop or mobile wallet).
Navigate to the Send section: Locate and select the "Send" option in your wallet's user interface, which is designed to preserve your privacy. This will open a form where you can enter the recipient's address and the amount of PVT-USD coins you wish to send.
Enter the recipient's stealth address: The recipient, let's say Rosie, needs to generate a stealth or one-time address for this transaction. Rosie will create this address in her P-20 wallet and send it to you (the sender, let's say Jeff). This stealth address is unique and can only be used for this particular transaction, ensuring enhanced privacy and anonymity.
Specify the amount: Enter the desired amount of PVT-USD coins you want to send. The amount will be encrypted and obfuscated using the cryptographic techniques employed by the P-20 blockchain, ensuring the confidentiality of the transaction.
Confirm and sign the transaction: Review the transaction details, including Rosie's stealth address and the amount of PVT-USD coins to be sent. Once you have verified the information, sign the transaction using your private keys. This process generates a one-time address for the transaction, further enhancing the anonymity of the sender.
Broadcast the transaction: After signing the transaction, your wallet will broadcast it to the P-20 network. The DAG-based nature of the blockchain ensures fast and secure propagation of the transaction across the network.
Receiving PVT-USD Coins
To receive PVT-USD coins on the P-20 blockchain while maintaining your privacy and anonymity, follow these steps:
Generate a stealth one-time address: As the recipient, Rosie needs to generate a stealth or one-time address for this transaction. She can do this by accessing her P-20 wallet and selecting the option to create a new stealth address. This address is unique to this transaction and provides an additional layer of privacy by making it virtually impossible to link multiple transactions to the same recipient.
Share the stealth address with the sender: Once Rosie generates the stealth address, she needs to send it to the sender, Jeff. This address will serve as the destination for the PVT-USD coins.
Wait for confirmation: Once Jeff receives Rosie's stealth address, he will initiate the transaction by entering the address and the amount of PVT-USD coins he wants to send. Jeff's wallet will broadcast the transaction to the P-20 network.
Check your wallet balance: After the transaction is confirmed, Rosie's wallet balance will be updated to reflect the received PVT-USD coins. She can verify the success of the transaction by checking her wallet's transaction history.
By following these steps, you can securely send and receive PVT-USD coins on the P-20 blockchain, leveraging its privacy and anonymity features to protect your financial transactions.
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