Mochimo coin are sent and received by pushing transactions to the network. Mochimo transactions are certified quantum proof.
Transaction are sent through the network as raw binary data. Each transaction datagram contains:
- Source WOTS+ address
- Destination WOTS+ address
- Change WOTS+ address
- Amount send in SatoChi
- Fee in SatoChi
- Change in SatoChi
Tags are 24 character long hexadecimal strings (ranging from A to F and 0 to 9, non case sensitive). The tag is can be found at the end of the 4096 character long WOTS+ address. Tag registration is completed through a special transaction where the source and the destination addresses are untagged and the change address is the tag beareing address to register. A tag must have a balance greater than 0.000000501 MCM to exists on the ledger. If the balance goes below this threshold, the tag is unregistered and can be claimed again through the registration process.
Unlike raw WOT+ address, tag are not "one time use" and can be reused without compromising the security of the funds. Upon transaction, the tag is simply transferred from the source address to the change address.
A transaction is confirmed when it can be found on the blockchain. The confirmation is done through the mining process.