Mastering Blockchain - Second Edition

Payments related

There are several fields in this category that result in certain actions. All these fields are described as follows:

• Payment: This transaction is most commonly used and allows one user to send funds to another.
• PaymentChannelClaim: This is used to claim Ripples (XRP) from a payment channel. A payment channel is a mechanism that allows recurring and unidirectional payments between parties. This can also be used to set the expiration time of the payment channel.
• PaymentChannelCreate: This transaction creates a new payment channel and adds XRP to it in drops. A single drop is equivalent to 0.000001 of an XRP.
• PaymentChannelFund: This transaction is used to add more funds to an existing channel. Similar to the PaymentChannelClaim ...