Transfer Transaction

Transfer transaction is used to transfer coins between the accounts. If the receiver account does not exist, it will be created.

The Payload Type for Transfer is 1.

Payload Structure

The transfer transaction has a payload that consists of the following fields:

• Sender address is the account address that transfers the amount
• Receiver address is the account address that receives the amount
• Amount is the amount of coins that should be transferred

Reward Transaction

The reward transaction is the first transaction in each block. There is only one reward transaction per block, and it has zero fees and no signature.

In protocol version 1, the reward transaction had the same format as a transfer transaction. The sender address was the Treasury address, and the receiver address was defined by the block proposer. The amount of the reward transaction was equal to the block reward plus transaction fees, and the full amount went to the proposer account as a block reward.

Starting with protocol version 2, the reward transaction is a batch transfer transaction that splits the block reward according to PIP-43: 70% to the block proposer and 30% to the Pactus Foundation. Starting with protocol version 4, the reward amount follows the halving schedule defined by PIP-55.