Create an account
To create an account, you first have to generate you key pair in the app of your choice. You will get two things:
- a secret you are the only owner of
- a public address for your account in the "SS58" format
Store your secret securely, if you lose it, you will never be able to recover your account, and all funds on it will be lost.
Share your public address with someone who will send you your first Ğ1 to begin with (it can be a gift or a payment for a service you offered).
The minimum amount allowed on an account is 1 Ğ1. It should never go below this threshold (otherwise the remaining will be sent to the treasury). This prevents too many accounts to exist at the same time and saturate the blockchain.
Once your account has Ǧ1 on it, you can send some to another account whose address you know by issuing a transfer.
The transfer operation has a computational cost. Anonymous accounts pay a fee for that. The order of magnitude of fees are 0.07 Ğ1 per transaction.
To get free of charge transactions, you have to link your account to an identity by joining the web of trust. Read become member for that.