Introduce a new ledger type: ltCHECK
Introduce three new transactions that operate on checks:
- "CheckCreate" which adds the check entry to the ledger. The
check is a promise from the source of the check that the
destination of the check may cash the check and receive up to
the SendMax specified on the check. The check may have an
expiration, after which the check may no longer be cashed.
- "CheckCash" is a request by the destination of the check to
transfer a requested amount of funds, up to the check's SendMax,
from the source to the destination. The destination may receive
less than the SendMax due to transfer fees.
When cashing a check, the destination specifies the smallest
amount of funds that will be acceptable. If the transfer
completes and delivers the requested amount, then the check is
considered cashed and removed from the ledger. If enough funds
cannot be delivered, then the transaction fails and the check
remains in the ledger.
Attempting to cash the check after its expiration will fail.
- "CheckCancel" removes the check from the ledger without
transferring funds. Either the check's source or destination
can cancel the check at any time. After a check has expired,
any account can cancel the check.
Facilities related to checks are on the "Checks" amendment.