Create a Batch Withdraw With Your Arizen Wallet
A useful feature is is "Batch Withdraw", see Figure 2.16. This feature has two main use–cases use cases which focus on:
- Secure/Super node operators.
- Consolidating your ZENs ZEN to one address.
The "Batch withdraw Withdraw" method has been adjusted and optimised optimized to be able fit as many source /destination addresses (UTXOs) as possible into one transaction. This approach leads to minimise transaction fee source addresses ratio. The confirmation time could be a bit longer in case of many addresses
It is recommended to use the default network fee (0.0001 ZEN) to guarantee timely confirmation of your transactions, especially larger ones from a batch withdrawal.
Secure/Super node operators: Node Operators
When you are a Secure node operator, you must have 42 ZEN in your staking T–address (The same is valid for a T address (Super Node, you have to have 500 ZEN). When your staking address receives addresses receive the rewards from operating secure node , you may want to send this reward to another address and keep your 42 ZEN/500 ZENs ZEN on this their respective staking address. This feature perfectly does that for you. You can select your staking addresses, destination address (where the collected reward will be sent) and the amount to keep (in this case 42 ZENsZEN/500 ZEN).
Consolidating your Your ZEN to one address: One Address
In this use - case you can consolidate your ZENs ZEN from multiple addresses to one destination address. The process is the same like as in the previous example but you must set amount to keep to 0 ZEN.
The size of transaction is limited by the API URL (the length size of the hashed string has to must be shorter smaller than 100 Kb length). The Arizen wallet tries to maximize the number of input / output in one transaction regarding the mentioned limit. It saves user’s funds spent on , save the user additional fees.
Figure 2.16:
"Batch Withdraw
" can
be found on
the tool bar.
Figure 2.17: You can set the Amount to keep (threshold) which means the amount of ZEN which will stay on
the selected addresses and the rest will be sent to the destination address
"To
".
You can choose
options "Select all" and "Clear all".
Figure 2.18: You can choose from the list of your addresses.
Figure 2.19: You are asked for
confirmation before sending the transaction.
Figure 2.20:
Once sent, a clickable Transaction ID appears to be viewable from a web browser.
Figure 2.21: User chose two source addresses with balances 0.71045992
ZEN and 0.25000000
ZEN. The selected threshold (Amount to keep) was 0.2
ZEN. The result of the transaction were the thresholds and the
remaining ZEN was transferred to the destination address
"To
".
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