Can you recall how in Hollywood movies characters write out big cheques to each other? Now you can do it as well, just write out a check to anyone (provided that person is a participant of the Decimal blockchain).
How to write a check in the Decimal console
You can create or cash an existing check through the Checks tab. This tool allows any network user to create a check, as well as redeem the check and receive the coins recorded in the check.
Nonce (1) is a technical parameter needed for specific cases: for example, if you want to reissue a check or cancel a previous one. When creating a regular check, you can enter any number in this field.
Coin to send (2), Count of checks to issue (4), and Amount (3) can be set according to your preference.
"Due block" (5) - here you will need to take out a calculator and calculate the desired block number yourself based on the calculation of 14,400 blocks per day. If you want to write a check for 1 week, you need to check the current block number in the explorer and add 14,400*7 to it, then enter the resulting number in this field.
After entering all the necessary data, click "Issue" (6). The system will automatically generate a password for the check, which needs to be copied and saved. The password is required to activate the check.
You will see a popup window with passwords. In the example below, the user created 3 checks at once, and each one has its own generated password.
When you click on "Export checks", the system will prompt you to save the check numbers and passwords in Excel or CVV file of your choice.
Select the format that suits you, click "Export", and download the resulting file.
To redeem a check and cash the funds, the recipient of the check will need to enter its address and the password you provided. The assets in the coin you specified will be transferred to their wallet, and they will be able to see them in their console.
Video tutorial: How to create or cash out a check on DecimalChain
Please note: the interface of the Decimal console has been updated, so the information in this video may be outdated.