Accounts and Notes

The common entities

A set of accounts and notes implement the base functionality of private transactions. The Merkle tree is built from them. They are arranged in a strictly ordered sequence and represent tree leafs. A new account state is added to this sequence to update the account balance.

• Accounts contain information about a user's wallet which can only be decrypted by the owner.

• Notes specify a user's available assets. They are also encrypted and can only be accessed by the sender or receiver.​