Transfer out transactions¶
Within Qredo, transfer out transactions require approval. Such transactions include:
An L2 to L2 transaction moves assets from one Qredo Wallet to another.
When users withdraw from a Qredo Wallet, this triggers an L2 to L1 transaction, i.e., assets from a Qredo Wallet move to a Wallet outside the Qredochain (on BTC, ETH, etc.). This involves a process known as crystallization.
L2<>L2 Atomic swap
A two-way L2 to L2 asset exchange, e.g., 100000000 ETH qweis for 735601 satoshis. Both parties that participate have one transfer in transaction and one transfer out transaction (that undergoes custody with their approvers). This transaction type is discussed in more detail in the Atomic swaps section.