From 020676f474733ad0c00dca6ec7a1c94ed1e9d13b Mon Sep 17 00:00:00 2001 From: Rithvik Vibhu Date: Sun, 17 Jan 2021 17:31:52 +0530 Subject: [PATCH] FAQ: Correct ownership transfer answer --- faq/index.html | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/faq/index.html b/faq/index.html index f10f919..c185f33 100644 --- a/faq/index.html +++ b/faq/index.html @@ -251,7 +251,7 @@

How do I transfer ownership of a name?

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If someone owns a name directly, the current owner can give the destination address/key to the new recipient. Sender creates a transaction to send the domain to receiver, and a block is mined on the blockchain. One week after the transaction is confirmed, it is locked in. Transferring ownership may also have payments embedded, so the recipient will receive coins if and only if the transfer is successful. This means that users do not need to use 3rd party escrow to pay for transfer.

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If someone owns a name directly, the current owner can give the destination address/key to the new recipient. Sender creates a transaction to send the domain to receiver, and a block is mined on the blockchain. The transfer is then finalized by the sender after 288 blocks (~2 days). Transferring ownership may also have payments embedded, so the recipient will receive coins if and only if the transfer is successful. This means that users do not need to use 3rd party escrow to pay for transfer.