Lesson 3: Send ADA transactions

Create a wallet with your node

let’s create a folder:

now we create the wallet with:

and to see the address use the following command:

and then

And we now see our address!

Checking funds in wallet

Let’s run the command

we will see that there are no transactions so 0 ADA

Sending funds

Let’s send some ADA to the wallet from our main wallet (try with 5 ADA) and run again the command to check the transactions:

now we should se some ADA, 5000000 lovelace for instance means 2 ADA

Check funds of any address

if you want to check ada inside any wallet the command becomes:

and the result is all the transactions containing ada and nfts in the address

Creating the raw transaction

let’s copy the transaction hash that contain the 5 ADA and the index

Calculate the fee

we must calculate the fee according to the network parameters that we get with the following:

 (In the video I made a typo)

now

and we get the fee we should pay at least

now we can finally build the complete transaction with:

At this point the transaction is finished, we must sign it with the key to prove we are the owners

Signing the transaction and submit it to the blockchain

now using the key in the folder we approved the transactions, we can send it to the blockchain

Submitting the transaction

To send it to the blockchain we can launch the following

and now after it has been processed our balance will decrease