An account is an entity that is identified by a unique address, which can send transactions on the blockchain.
The account structure is 12 bytes long and consists the following fields:
Size | Field |
---|---|
4 bytes | Number |
8 bytes | Balance |
The Treasury account is a special account in the Pactus blockchain that holds 21 million coins at the genesis time.
The treasury address is defined as: 000000000000000000000000000000000000000000
.
The address type is 0, and therefore,
it doesn’t have any key pair associated with it.
Every time a block is created, one coin from the Treasury account transfers to the proposer account as a block reward.