The recipient is the address or alias of the account that receives the TransferTransaction.
It is possible to send mosaics to any valid address, even if the address has not previously participated in any transaction.
If nobody owns the private key of the recipient’s account, the funds are most likely lost forever.
A mosaic could be a token, but it could also be more specialized assets such as reward points, shares of stock, signatures, status flags, votes or even other currencies.
You can send a combination of different mosaics in the same transaction.
In the public network, transfer transactions can hold a message up to
1023 characters in length, making them suitable for timestamping data permanently on the blockchain.
By default, the messages attached are visible to all network participants.
Encrypted messages are only accessible by the sender and the recipient.
Symbol uses Bouncy Castle’s AES block cipher implementation in CBC mode to encrypt and decrypt messages.