Crypto Academy Season 3 Week 3 Homework Post for (@sapwood) Multiple Transfers/Batch Send at one click

Hello everyone. This week lecture was the most amazing and interesting. I got to learn about the two platforms; steemyy and Multisender. Both these are very effective to perform the multiple transactions at once.

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

The crypto world is getting popularity day by day. The number are users on blockchain network are increasing rapidly. Thus the usage of crypto currencies too. The crypto currencies are being used by the traders for trading. They earn reward by trading the crypto assets. But now they also use the crypto currencies to make the payment.

Multiple users participate in the contest which organized on steemit blockchain. It would become difficult to transfer the reward to the winners one by one. It is time taking to perform the transactions manually one by one. Moreover, it may be costly as you need to pay the transaction fee with each transaction.

Many blockchain has been introduced time by time with advanced features. The blockchain where the proof of stake algorithm is being used, do not cut the transaction fee but there are some blockchains, where the transaction fees is quite high. So if a user need to transfer the coins to 10 people, they will have to pay the transaction fee for 10 time. It would become high costly and a lengthy process.

To solve all these problems, there are some crypto ecosystem where you can perform the multiple transfer at once just in one click. You do not need to transfer the coins one by one and so do not need to pay the transaction fee again and again with each transfer.

If a crypto ecosystem cut the 2$ for each transaction and you need to perform the 20 transactions, then you will have to pay the fee for 20 time that would be 40$. But if you transfer the amount to those 20 people at once in just one click, then the transaction fee will be only 2$. It would save your time too.

How does it save transaction fees?

There are the network who deduct the transaction fee each time you perform the transaction. For example, a new coin has been introduced and the airdrop has been offered. Multiple people participate in that airdrop event and many win that.

Now the company has to transfer the the airdrops to all the lucky winners which will be quite tedious if we perform that transactions one by one. Moreover, we need to pay the transaction fee too with each transaction. Just suppose the 100 people win the event and now we have to send them all the airdrops. If the transaction fee is suppose 5$, then the total transaction fee of this process will be 500$ which is quite high.

So the multiple transactions at once in one click will not just save your time, but save your money too. You can transfer to the multiple people at once in just one click and just pay the transaction fee for once. You write the address and amount to send and click on the send button. The amount is transfer to all those addresses and you paid the transaction fee just for once. Isn't it cool.

Other features

Speed: Multiple transactions at once in one click is quite effective in saving your time. You do not need to perform the transactions one by one. Just write the addresses of all the users, you want to transfer with the amount and click on the send button. Your work is done just in one click.

Error free: The manual transaction process is irritating and time taking. Some time, you need to perform the hundred of thousand transactions. You may made the mistake while being fedding up by performing the same process again and again. But the multiple transaction at once in one click feature save you from this situation. You do not need to be panic. Just write the addresses and click on send button and your transaction is done.

Wrong address: If you enter an invalid address by mistake, then this system has the capability enough to detect that. The transaction won't be perform and you will get the notification that the address is invalid.

Power consumption: Some network consume the high power with transaction. This is the best solution to reduce the power consumption for all those networks.

More scalability: Making transactions one by one is highly tedious and there are chances of mistakes too. But multiple transactions in one click perform the multiple transactions very efficiently in just one click. This is so fast and scalable.

Question 2- How do you connect your Etherum Wallet(Metamask) to Multisend or Multisender(dApps) & perform multiple transactions(ETH/ERC20) in one click?

I first visit  https://multisender.app/. The following page will be appeared.

Then click on Connect option on the top left corner.

There will be two options. Metamask and Trustwallet. You can choose one of your own choice. I clicked on Metamask.

After few connecting the metamask successfully, i will be login.

Then Click on the search bar and click on the Ethereum. Now enter the addresses to whom you want to transfer the coins. You are allowed to upload the CSV file too. I wrote the address with the amount. These two are separated by using the Comma (,).

Then click on send. If you would have the balance in your wallet, the transaction will be performed. You will performed the multiple transactions at once in one second. If you do not have enough balance, you cannot perform the transaction. If you enter the wrong address, the transaction won't perform and an error message will generate.

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?

First i visited the  https://www.steemyy.com. A new page will be open. Click on the tool on the top manu list.

Select the Steem Wallet Tool - Send SBD or STEEM to Multiple Accounts from next page.

Now a page will be opened. Where you can enter as much addresses as you want and can perform the multiple transactions as once in one click.

Here you need to enter some data such as

• Your username
• Private active key(It won't be appeared or uploaded anywhere)
• Amount you want to transfer(0.001 by default)
• Token you want to transfer
• Memo(Optional)
• Addresses to whom you want to transfer the tokens

To perform multiple transactions in one click

I Go to the  https://www.steemyy.com.

Then i Enter your name without the @ and private active keys.

Then write the amount I want to transfer. Minimum is 0.001

I set it to steem token. I left the Send X Times and Interval parts as they are by default .

Then I enter the Memo

Then i wrote the address to whom i want to transfer the 0.001 tokens.

When i clicked Send button, i got a message the successful transaction. This will desplayed the transfer transactions.

Transfer different amount to different users

I Go to the  https://www.steemyy.com.

Then i Enter your name without the @ and private active keys.

I didn't write anything in amount part. But it is pre-written as 0.001 by default.

I set it to steem token . I left the Send X Times and Interval parts as they are by default.

Then I enter the Memo

Then i wrote the address to whom i want to transfer the tokens with the amount. I wrote different amount with different addresses.

When i clicked Send button, i got a message the successful transaction at bottom. This will desplayed the transfer transactions.

Transfer a repetitive amount to a single or multiple users at a predefined interval

I Go to the  https://www.steemyy.com.

Then i Enter your name with out the @ and private active keys.

I didn't write anything in amount section. It was 0.001 by default

I set it to steem token . Then i set the 2 in send X time part and 10 in interval part. Now two transactions will be performed in repetition with interval of 10 second.

Then I enter the Memo

Then i wrote the address for two time to whom i want to transfer the 0.001 tokens with interval of 10 second.

When i clicked Send button, i got a message the successful transaction. This will desplayed the transfer transactions.

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)?

Wrong address and Duplicate address in multisender .

I visited the  https://multisender.app/.

I entered the four addresses. First two are wrong and Third one is correct address. Then i enter the third address again. So 3rd and 4rth are same.

Then I clicked send and a message will generate that two addresses are wrong.

I removed first two addresses

I removed those addresses and clicked on send button but transaction still not performed because a message will generate that two addresses are same.

There was option to merge the addresses. I clicked on that and now if you will click on sen, the transaction will be performed.

Wrong address in Steemyy.

I visited  https://steemyy.com/wallet/.

I entered my username and the private active key.

I wrote the Amount part as 0.001. I select the coin "Steem". I left the Send X times and Invernal parts as they are by default.

I didn't wrote the memo. Then i wrote the wrong address in address section.

Then , I clicked 'Send'.

Transaction failed because no such account exist.

Duplicate Address

I visited  https://steemyy.com/wallet/.

I entered my username and the private active key.

I wrote the Amount part as 0.001. I select the coin "Steem". I left the Send X times and Invernal parts as they are by default.

I didn't wrote the memo. Then i wrote the wrong address in address section.

Then , I clicked 'Send'.

Conclusion

Multiple transactions at once in one second is quite useful feature. It save much time and transaction fee. This is highly scalable and effective. I performed the multiple transaction at once in one second on Steemyy and Multisender.

Cc:
@steemitblog
@sapwood