Create a Batch Withdraw With Your Arizen Wallet
A useful feature is Batch Withdraw, see Figure 2.16. This feature has two main use–cases which focus on:
- Secure node operators.
- Consolidating your ZENs to one address.
Batch withdraw method has been adjusted and optimised to be able fit as many source/destination addresses 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.
Secure/Super 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 Super Node, you have to have 500 ZEN). When your staking address receives the rewards from operating secure node you want to send this reward to another address and keep your 42 ZEN/500 ZENs on this 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 ZENs/500 ZEN).
Consolidating your ZEN to one address: In this use-case you can consolidate your ZENs from multiple addresses to one destination address. The process is the same like in the previous example but you must set amount to keep to 0 ZEN.
The size of transaction is limited by API URL (the length of hashed string has to be shorter 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 fees.
Figure 2.16: Feature Batch Withdraw you can find on Tool bar.
Figure 2.17: You can set the Amount to keep (threshold) which means the amount of ZEN which will stay on chosen addresses and the rest will be sent to the destination address (To). And you can choose new 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 con rmation before sending the transaction.
Figure 2.20: If you confirmed the transaction you can see Transaction status, its ID and a link for web browser.
Figure 2.21: User chose two source addresses with balances 0.71045992 ZENs and 0.25000000 ZENs. The selected threshold (Amount to keep) was 0.2 ZENs. The result of the transaction were the thresholds and the rest of ZENs was transferred to the destination address (To).
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