Creating a simple transaction using the CLI

Sending funds to an address (payment.addr) requires six (6) simple steps.

1. Get the protocol parameters 
2. Determine the appropriate TTL (Time to live)
3. Calculate the fee
4. Build the transaction
5. Sign the transaction
6. Submit the transaction 

Transactions vary in complexity, depending on their intended outcomes, but all transactions share a number of attributes:

• Input - contains funds that are spent by the transaction. It is simply the output of an earlier transaction. A transaction can have multiple inputs.
• Output - determine where the funds go to. An output is given by a payment address and an amount. A transaction can have multiple outputs.
• Payment address - an address that can receive payments, This is the only type of addresses that can be specified in a transaction output.
• Payment and stake key pairs - Sets of files containing a public verification key and a private signing key.
• Time-to-live (TTL) - represents a slot, or deadline by which a transaction must be submitted. The TTL is an absolute slot number, rather than a relative one, which means that the --ttl value should be greater than the current slot number. A transaction becomes invalid once its ttl expires.

For more information on how to create transactions, please check Create a simple transaction