Scenario:
- Alice Account = 2 ETH
- Admin Account = 0 ETH
- Bob Account = 0 ETH
Alice wants to send 1 ETH to Bob using my application. Application will charge 0.01 ETH as it's commission and will be added to total transaction fee
Total Fee = Application Fee (0.01) + Network Fee (gas limit * gas price)
Suppose Network fee is calculated to 0.001008 ETH.
Total payable amount = 1.011008 ETH (1 + 0.01 + 0.001008)
After successful transaction following should be the account details
- Alice Account = 0.988992 ETH
- Admin Account = 0.01 ETH
- Bob Account = 1 ETH
where as 0.001008 ETH will be paid to miners
Query:
Q1. How can I build an application where a funds of a single send transaction can be sent to two different addresses (Bob's address and Admin's address)?
Q2. Is it possible to build such an application without using smart contracts?
Best Answer
An smart contract would need to be involved in the process. It would basically be transferred the funds and send them to different accounts as specified within its logic.
Here's a very quick example I've put together for you: