Crypto Academy / Season 3 / Week 3 - Homework Post for [@sapwood] // MULTIPLE TRANSACTION WITH ONE CLICK

in SteemitCryptoAcademy3 years ago (edited)

Hello crypto prof @sapwood!

i am profoudly humbled to participate in your task this week , infact your lesson was so great , during my research i realise this two Dapps will make my stay in crypto world very simple and easy .
below is my submission for this week :


(1) What do multiple transactions in a single click mean? How does it save transaction fees? What are the other benefits?


Multiple Transaction in a single click simply refer to a way of sending cryptocurrencies to a group of people with an individual account each , the coin can be of the same value or different value.
With this transaction a lot of cost are reduce such that if Mr A is supposed to send 1 ETH rewards each to winners of a particular contest and he does it separately in different time he will be charged for a fee in each transaction , when it comes to single click all he has to do is to set up the DApps in charge to send it to each separate account at once and the sender shall pay a onetime fees equivalent to the fee he will paid for a single transaction if he is to send it one by one.
Other merits of the transaction in on click is that it is very time saving, assuming Mr A was to do the transaction separately for each person it will take more time to accomplish that as compare to him doing it at once to prevent errors and stress.


With this transaction methods you can do the following:

  • Transfer to different wallet the same or different amount of coins
  • One can also transfer different amount of a coin to different coin with one click , let say you want to pay your manager and his secretary different sum you can do that with a single click
  • You can transfer to same account or different account with repetition base on some time interval as well


(2) How do you connect your Etherum Wallet(Metamask) to Multisend or Multisender(dApps) & perform multiple transactions(ETH/ERC20) in one click? Using Steemyy how do you perform multiple transactions(STEEM or SBD) in one click? Explain the detailed steps in both the apps(One from Etherum & the other from Steem Blockchain)?(Screenshot needed, real transactions in Multisender or Multisend may not require, however, a real transaction in Steem Blockchain using Steemyy a must for this Task). Further, using Steemyy demonstrate how to send the different amounts to different users with different memo and how to send repetitive/recurring amount at the pre-defined interval?


HOW TO CONNECT ETHEREUM WALLET (METAMASK) TO MULTISENDER



  • seach for multisender.apps


  • On the landing page click on connect

Screenshot (572).png

SOURCE


  • From the next page click on the wallet you want to connect in this contest we are connecting metamask

Screenshot (573).png

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  • Next you need to key in your metamask password and click on connect

Screenshot (575).png

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  • Click on next and click on connect

Screenshot (578).png

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  • Finally your wallet will be connected

Screenshot (579).png

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Now that we have finally connected our wallet to multisender let try to have a transaction with single click.

  • Select Ethereum token address from the address search box

Screenshot (580).png

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  • After selecting the token you want next is to enter the address of all those you are sending the token to , this address is supposed to be in a particular form call CVM and the site provide an example of it as shown below :

Screenshot (581).png

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The address are in a form that you need to write the address of the receiver put a comer and no spacing then add the amount of fund your transferring to his/her address.

  • After typing all the addresses you can continue to send

Screenshot (583).png

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  • Next thing to do is approve the transaction , a message will be sent to metamask you need to give an approval for the transaction to be done successfully.

Screenshot (584).png

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USING STEEMMY TO PERFORM MULTIPLE TRANSACTIONS IN A SINGLE CLICK


In this site we will using steem or SBD to do multiple transaction with a single click.

  • Frist and foremost go to steemmy.com


  • Click on tools from the top menu bar

Screenshot (585).png

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  • From the next interface choose Steem Wallet Tool - Send SBD or STEEM to Multiple Accounts

Screenshot (586).png

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  • You will be lead to an interface that will request your steem ID ,private active key , amount , currency, the number(x) of time to send ,intervals and memo and recipients accounts

Screenshot (587).png

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  • So look at how I filled the spaces a s shown above


  • The amount I am sending to everyone is 0.2 Steem as shown above , you have to note in this proceedure i am only transfering same ammount to everyone so there is no need for me to set interval and repitition number .in writing the user name i also ignored the "@" symbol , in my memo i ketp testing multiple transactions with one click


  • Next is click on send

Screenshot (588).png

<br<

  • Confirm the transaction and see the detail in a yellow log when you scroll down

Screenshot (589).png

SOURCE


HOW TO TRANSFER STEEM TO DIFFERENT USERS IN DIFFERENT AMOUNT USING MULTIPLE TRANSACTION WITH ONE CLICK


  • This procedure is same as the one above but here we will change some few things when we filling the forms that requires the your Steem Id , amount , your active keys and the other parameters as asked above , we have to attach to each recipient ID the amount we are sending to them.

Screenshot (590) - Copy.png

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  • Study below how I will distribute 1 steem to 5 people especially how the entire form was filled , i allocated special ammount to each receiver

Screenshot (590).png

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  • Next click on send and confirm the transaction


  • Scroll down and check to see the transactions in blocks it takes few moment to be sent to the users.


HOW TO PERFORM A REPITITIVE STEEM TRANSFER TO A SINGLE ACCOUNT OR MULTIPLE ACCOUNT IN A PARTICUALR TIME INTERVAL


  • Enter your Steem ID , memo and the total amount you are sending in the same interface shown above


  • When you get to the box where it is written send x time , you enter the number of times you want the 0.2 to be sent to the recipient , it can also be a multiple recipients all you have to is enter the number of recipients say five (5)

Screenshot (594).png

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  • Next is to enter the interval to be taken for each repetitive round till the entire amount is sent check the image above , I used 5 seconds


  • Enter the ID of the receiver or receivers if they are many , in this case I used only one ID so in each five second 0.04 will be sent to the recipient till all the 0.2 Steem is sent


  • Click on send and confirm the transaction


  • You can scroll bellow to see all the blocks and confirm is the transactions are happening according to your time interval

Screenshot (596).png

SOURCE


<(3) What if you enter a wrong/invalid address in Multisender or Multisend(dApps) and Steemyy(dApp)? Does the application(Steemyy in Steem Blockchain or Multisender in Etherum) allow the transaction to go through if you have entered a wrong/invalid address? Showcase with the screenshot(what does the application says when you enter a wrong address)?


USING MULTISENDER TO TEST ERRORS


1.) WHEN THE ADDRESS ENTER DOES NOT MATCH WITH THE TOKEN SELECTED AS SHOWN BELOW

Screenshot (601).png

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  • From the above you can see that one of the address had BTC in it instead of Eth, so the Dapp rejected it for corrections to be made.


2.) WHEN A SENDER REPEAT SAME ADDRESS IN THE RECEIPIENTS ADDRESS BOX

Screenshot (602).png

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  • Multisender will give an alert of duplicate addresses and give the user an option to merge them as one in this case if there are different amount dedicated to each of those addresses it will add them up , you can also chose to proceed just like that.


So in conclusion multisender is perfect because it doesn’t allow wrong transaction to occur just like that


USING STEEMYY.COM TO TEST ERROR


1.) IN CASES OF WRONG RECEPIENT ID LET SEE WHAT HAPPENS :

Screenshot (604).png

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  • For the purpose of this test I spelt wrongly the ID of @njaywan as @Njawan as shown above


  • after filling the steemyy sending interface form with the wrong spelt name and all other details below is the message I was giving :

Screenshot (606).png

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  • So I had to correct the Id before the transaction will continue.


2.) LET CONSIDER CASES WITH DUPPLICATED ADRESS AS SHOWN BELOW:

Screenshot (608).png

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  • I have decided to send 0.01 Steem to @abu78 and I repeated his name twice let say I’m supposed to pay him different amount of Steem for different purposes.


  • After I clicked on send this is what I received

Screenshot (609).png

SOURCE


  • Base on this message you can see that steemyy prevents duplicate transaction and send only one


........................................................................................................................................................................................................

In conclusion let say a big thanks to @sapwood for this wonderful lecture, in fact learning about steemyy and multisender today will help facilitate so many transaction I do to Steemit users in Steem-virtual store when I organize contest .
Finally let me say a big kudos to the entire Steemit team for bringing to us this wonderful lessons each and every week.


THANK YOU

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