Understand the role of the receiver in Solana’s transfers
In the context of Solana’s blockchain technology, the terms “receiver” and “signatory” are often used interchangeably to designate people who participate in a transaction. However, there is an important distinction between these two roles which is crucial to grasp the operation of transactions on the Solana network.
The role of the receiver
In most cases, the receiver of a transfer to Solana is not necessarily the same as the signatory. In fact, it is common for the recipient to be someone who has already signed an account or a contract on the platform. This may include other users, companies or even decentralized autonomous organizations (DAO).
For example, when a user initiates a transfer to Solana, he can choose to send funds from his own portfolio to another user’s account. In this case, the recipient is not necessarily the same person who has registered in the account of the sender.
The role of the signatory
On the other hand, the signatory of a transfer generally refers to the individual or the entity which initiates the transaction and has the authority on the transferred funds. This can be someone else on the sender’s account, like another user or a program running on their behalf.
For example, when a user wishes to send funds from his Solana portfolio to an external address controlled by a third party (for example, another user), this third party acts as signatory of the transfer. This means that they have the authority and control of the transferred funds.
Why a receiver can be different from the signatory
It is essential to note that a receiver may be different from the signatory in some scenarios:
- Receive in the name of someone else : The receiver is not necessarily the same person who has registered on his own.
- Contract or involvement of the program : In some cases, a contract or program executed on the account of another user may require that the user is part of the transaction within the framework of his operation.
Conclusion
In summary, while the term “receiver” is often used interchangeably with “signatory”, they can have distinct meanings depending on the context. The receiver of a Solana transfer generally refers to someone who has already signed an account or contract on the platform, while the signatory refers to the individual or the entity that initiates and controls the transaction .
This distinction may seem minor, but it is essential to understand how transactions work on the Solana blockchain and to maintain precise recordings of all transactions.