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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.
To send PVT-USD coins using the privacy and anonymity features of the P-20 blockchain, follow these steps:
- 1.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).
- 2.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.
- 3.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.
- 4.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.
- 5.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.
- 6.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.
To receive PVT-USD coins on the P-20 blockchain while maintaining your privacy and anonymity, follow these steps:
- 1.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.
- 2.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.
- 3.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.
- 4.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.