Learning Activities

1. To understand more about private transactions, try practicing a (public to private) transaction.

SEND yourself a small amount of CRYP using a transparent (T-) address to a newly created private address (Z-) address.

Open the Receive Form and create a new (Z-) private address.

The new Z-address will also appear in “My addresses” list at the end. You can copy addresses from here – click on the row to open it and click on the address. Mouse right click and choose “copy”

Open the SEND Form:

You will send FROM a public address containing some CRYP too your own private address. You can do this to make your CRPY private or to send to someone else’s Z-address.

Specify the Recipient address: The new (Z-) private address that you created. Specify the Sender Address: one of your transparent (T-) addresses containing CRYP. SEND a small amount: 10 CRYP or less.

Enter your password and press the SEND button.

Look at “My Addresses” – after 1 confirmation, you should see CRYP in your Z-address. Now, what happened to your original SENDER address? Is it 0 CRYP? Look for a new transparent address (T-) containing the “change” or difference between the SEND amount and the original amount in your Sender address…less the transaction fee, of course.

Backup your wallet (export) now if you like. Why? Because you and the wallet have created new addresses (T-) and (Z-) address as well as unseen private keys generated by the wallet.You must not lose these. Backup regularly.

2. Practice a (private to private) transaction

This requires a private address with a CRYP balance (from activity No.1) as the SENDER address. In the Receive form, Generate a new private (Z-) address as the RECIPIENT address in the Send CrypticCoin form.

3. Practice a (public to public) transaction

This requires two public address. Use an existing (T-) address as the SENDER address. Use create a new recipient (T-) address, but don’t reuse old recipient addresses.

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Things to consider:

Try to understand if and when the wallet creates new addresses in the My Address list. Was a Sender address emptied to 0 CRYPT? Did you see a new address created to hold the “change”?

What is meant by “change”? If you buy a chocolate bar at the store, you give the cashier money (input )and they give you two outputs: the candy bar and your (money) change.

[1] https://en.bitcoin.it/wiki/Confirmation

[2] Counts only confirmed coins;

[3] Same as 1;

[4] Same as 1