Transfers

Transfers are made within the zkpool between zkAccounts. You do not transfer to an 0x account, but rather to another zkAccount holder's generated receiving address. Typically, the receiver will send you a generated receiving address via a private channel, invoice, or some other private method.

This also means you do not need to connect MetaMask, WalletConnect or any other web3 wallet. Transfers occur within the application with no need for outside wallet connections.

zkAccount addresses are not fixed. You can generate a new address for each incoming transaction. It is not possible to link different private addresses to one another or to the primary account. Only the account owner can confirm ownership of a private address.

Each created address is encoded in base58 format. For example 5fkW3dXTvA8Kizt1EbuRyjWofuqR4Ud1YTjGgY1r8nGosDeSaUreq6bwfF61jWL

Any previously generated address can be used indefinitely, so if you send an address to one party and then generate a new address to send to another party, both can be used to receive token transfers.

See Receiving a Transfer for instructions on generating a zkAccount address.

Interested in sending to multiple zkAddresses with 1 tx? Try the Multitransfer feature.

Sending a Transfer

1) Check your zkAccount is connected (you will see zkAccountName and an amount of BOB/USDC/ETH if it is connected). Since you will not be depositing funds, it is your choice whether or not to connect your MetaMask/WalletConnect wallet.

2) Enter information and initiate the transfer.

1. Amount to transfer.

2. Receiver's zkAddress.

3. Press Transfer.

3) Confirm transfer details.

4) Wait for proof generation and transfer completion. Transfers cost 0.10 BOB per transfer.

Once completed you will see the latest transfer in the app. You can also check the History tab to see transfer details. Click the transaction hash to view the private tx in Polyscan.

Tx details in Polyscan: 0xca5f18509ae64f4e24def56453afbce8edb86ff2f4146bbe5db1205002ed785a

Receiving a Transfer

Generate and send a zkAddress to the sender to receive a shielded transfer.

1) Press the zkAccount button.

2) Press Generate receiving address.

3) Copy generated address and send to your friend via a private channel of your choice.

4) Wait for receipt. If your zkBob application remains open, you can refresh using the refresh button next to your zk account. If you refresh the browser itself, you will need to re-enter your password.

Once received, check the history tab to see the transaction, and press the tx hash for more details.