My whole balance locked after sending money. I have read about monero locking balance on the internet. Balance blocking is only monero blockchain feature or all cryptocurrencies? Bitcoin locks money too? I want to ask about solutions. What if I received one transaction 1000 XMR once and I want to send coins to several different wallets? Do I have to wait about 25 minutes between transactions? Is there a way to make it more comfortable and faster? Hooe for your help!
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New outputs are locked for 10 blocks (unless the sender selects more), which is about 20 minutes on average. If all your monero is in a single output, then sending it will lock your entire balance for that number of blocks. There are two ways to avoid having to wait when sending to multiple recipients:
- ensure your wallet is made up of several outputs, so only what you send gets locked
- send to several recipients in the same transaction
For the first case, you can send to yourself, ie:
transfer MYADDRESS 10 MYADDRESS 10 MYADDRESS 10 MYADDRESS 10 MYADDRESS 10
This will send 50 monero to yourself, and you'll end up with 5 outputs of 10 monero each.
For the second case, something similar:
transfer ADDRESS1 10 ADDRESS2 5 ADDRESS3 2
The change will still be locked for 10 blocks, but you've paid the three recipients already.
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