Transactions

There are various types of transactions that can be made on the SWT platform.

When a transaction is made, a fee is charged. This fee is based on the "max fee" the user is willing to pay for the transaction, the "counted fee" for the transaction type and other special conditions, and the "execute fee" if the transaction involves a smart contract.

The types of transactions include:

Transaction Type	Description
Transfer	This includes the simple transfer of the SWT native currency between two accounts
Smart Contract	Includes the transaction types of Deploy, Execute, Payable, New State, and Emitted, as listed below
Deploy	Deploys a smart contract
Execute	Executes a smart contract
Payable	Transfers funds to a smart contract
New State	Sets a new state for a smart contract
Emitted	This type of transaction occurs when one smart contract generates another smart contract.

Transfer

As the name implies, a transaction of this type simply transfers native SWT currency from one wallet address to another.

Deploy

The following steps outline this type of transaction:

• Funds are reserved (reserved funds) and charged, based on the the "max fee" from the user’s account

• Then, a smart contract is compiled and a "new state" transaction is generated

If the “new state" transaction is null or "max fee" is exceeded, then;

• "Reserved funds" of the "max fee" are returned

• The "counted fee" is deducted for a "deploy" transaction

• The "execute fee" is deducted

• The minimum"counted fee" is deducted for a "new state" transaction

If the "new state" transaction is successful:

• "Reserved funds" of the "max fee" are returned

• The "counted fee" is deducted for a "deploy" transaction

• The "execute fee" is deducted

• The "counted fee" is deducted for a "new state" transaction

Execute

The following steps outline this type of transaction:

• Funds are reserved (reserved funds) and charged, based on the the "max fee" from the user’s account

• Then, a smart contract is compiled and a "new state_"_ transaction is generated

If the “new state" transaction returns an empty state or "max fee" is exceeded, then;

• "Reserved funds" of the "max fee" are returned

• The "counted fee" is deducted for an "execute" transaction

• The "execute fee" is deducted

• The minimum"counted fee" is deducted for a "new state" transaction

If the execution was successful:

• "Reserved funds" of the "max fee" are returned

• The "counted fee" is deducted for an "execute" transaction

• The "execute fee" is deducted

• The "counted fee" is deducted for a "new state" transaction

Payable

The following steps outline this type of transaction:

• Funds are reserved (reserved funds) and charged, based on the the "max fee" from the user’s account

• Then, a smart contract is compiled and a "new state" transaction is generated

If the “new state" transaction returns an empty state or "max fee" is exceeded, then;

• "Reserved funds" of the "max fee" are returned

• The "counted fee" is deducted for a "payable" transaction

• The "execute fee" is deducted

• The minimum"counted fee" is deducted for a "new state" transaction

If the execution was successful:

• "Reserved funds" of the "max fee" are returned

• The amount is transferred to a smart contract account

• The "counted fee" is deducted for a "payable" transaction

• The "execute fee" is deducted

• The "counted fee" is deducted for a "new state" transaction

Emitted

An "emitted" transaction performs additional actions in the system to provide a higher level of automation. The fee is calculated based on the above mentioned rules.

This type of transaction is represented by any one of the following transactions in the system:

• Transaction

• Transaction

• "Execute" transaction

• "Payable" transaction