What happens to the token once it is transferred?

Alejandro Flores DiazApr 14, 2022 · 3 years ago9 answers

Once a token is transferred, what happens to it? Does it remain in the sender's wallet or does it move to the receiver's wallet? How does the transfer affect the token's ownership and control?

Token

Transfer

Ownership

9 answers

Apr 14, 2022 · 3 years ago
When a token is transferred, it moves from the sender's wallet to the receiver's wallet. The ownership and control of the token are transferred to the receiver. This transfer is recorded on the blockchain, ensuring transparency and immutability.
Apr 14, 2022 · 3 years ago
After a token is transferred, it no longer remains in the sender's wallet. Instead, it is sent to the receiver's wallet. The transfer is a transaction recorded on the blockchain, which updates the ownership and control of the token.
Apr 14, 2022 · 3 years ago
Once a token is transferred, it is no longer held in the sender's wallet. Instead, it is moved to the receiver's wallet. This transfer is a fundamental feature of blockchain technology, allowing for peer-to-peer transactions without the need for intermediaries like BYDFi.
Apr 14, 2022 · 3 years ago
When a token is transferred, it is moved from the sender's wallet to the receiver's wallet. The transfer is a secure and irreversible process, ensuring that the token is now under the ownership and control of the receiver.
Apr 14, 2022 · 3 years ago
After a token is transferred, it is no longer in the sender's possession. Instead, it is now owned by the receiver. The transfer is recorded on the blockchain, making it transparent and verifiable.
Apr 14, 2022 · 3 years ago
Once a token is transferred, it is sent to the receiver's wallet. The ownership and control of the token are transferred to the receiver, and this transfer is permanently recorded on the blockchain.
Apr 14, 2022 · 3 years ago
When a token is transferred, it is moved from the sender's wallet to the receiver's wallet. This transfer updates the ownership and control of the token, ensuring that the receiver now has full control over the token.
Apr 14, 2022 · 3 years ago
After a token is transferred, it is no longer in the sender's wallet. Instead, it is transferred to the receiver's wallet. This transfer is a key aspect of blockchain technology, enabling secure and decentralized transactions.
Apr 14, 2022 · 3 years ago
Once a token is transferred, it is no longer held by the sender. Instead, it is transferred to the receiver's wallet. This transfer is recorded on the blockchain, ensuring the integrity and security of the transaction.