Locked Balance

  • On occasion, you may notice that part of your wallet balance is temporarily locked.

  • The reason behind it is complex, but let us offer a simplified explanation here.

For more details, please refer to the whitepaper.

  • As you may know already there’s no such thing as account balance in the blockchain.
  • Instead each wallet consists of inputs and outputs.
  • Due to the nature of incoming transactions, the amount in a wallet balance can get fragmented.
  • When you try to send a particular amount, your transaction will be split in outgoing and change amounts.
  • Here is example.
  1. A has 100 coins and sends 50 to B
  2. Transaction of 100 coins creates in the blockchain
  3. 50 coins goes to B and 50 coins goes to A
  • EvoX network architecture demands 10 confirmations for this change transaction and that amount gets locked in the wallet.
  • Therefore, lock time is 10 blocks behind or approximately 10 minutes.