Transfer an amount of the native EGLD token

Transferring eGold (EGLD) between wallets on MultiversX is straightforward and doesn't always need a smart contract. This process involves a few important steps to ensure that the EGLD reaches the right person safely and securely. Here's a simpler breakdown of how it works:

Getting the Transaction Ready

First off, you need to set up the transaction. This means deciding how much EGLD you want to send and who you want to send it to. You also need a nonce, which is just a fancy way of saying a unique number for each transaction you make, to keep things in order and secure.

Signing the Transaction

Next, you sign the transaction with your private key. Think of this like putting your digital signature on a document. It proves that you are really you and that you approve this transaction. This step is crucial for keeping your EGLD safe.

Sending it Off

Once signed, your transaction is ready to fly. You broadcast it, meaning you send it out to the MultiversX network. Now, it's in the hands of the network's validators.

Validators Check and Confirm

The validators have a look at your transaction to make sure everything checks out. They verify your signature, make sure you have enough EGLD to cover the transfer and the transaction fee, and confirm the nonce matches up. If all is good, they include your transaction in the next block of transactions that gets added to the blockchain.

All Done!

After your transaction is safely tucked into a block on the blockchain, it's considered confirmed. This means it's complete and irreversible. You can then use a blockchain explorer to check on your transaction using its unique hash—a sort of receipt number. And that's it! Sending EGLD from one wallet to another on MultiversX doesn't have to be complicated. It's all about preparing your transaction, signing it for security, and letting the network do its thing to verify and confirm the transfer. This keeps your EGLD safe every step of the way.