The Check feature in the Xahau network is a deferred payment system that allows for the creation, cancellation, and cashing of checks within the ledger. This feature is designed to facilitate secure and efficient transactions between parties.
The CheckCreate transaction is used to create a Check object in the ledger. This represents a deferred payment that can be cashed by its intended destination.
The CheckCancel transaction is used to cancel a Check that has been created but not yet cashed. This allows the sender to stop the payment from being processed if necessary.
The CheckCash transaction is used to cash a Check that has been created. This allows the recipient to receive the funds that have been deferred.