Crypto Academy Season 3 Week 3 - Homework Post for [@sapwood]

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

Multiple transactions in a single click means that We can send same/different amout of any coin to different users in a single click.

And One of the most important thing is We can save transaction fees by doing multiple transactions in a single click.

Let's suppose I have to send 0.01 Eth to 10 users and If I send this amount to each user one by one then it will take 10 times the transaction fees of 1 transaction.

But If I do through multiple transactions in a single click, then it will take only 1 time transaction fee. And this is one of the best benefit of multiple transactions in a single click.

Some Other benefits are :
If We are sending some amount to a user one by one then it will consume a lot of time and We can also make mistake in these one by one transactions

But If We are doing multiple transactions in a single click, then It will save our lot of time as We can make all the transactions in a single click. And there is also rare chances of mistake in this transaction.

If the amount is same or different, we can send all the transactions to different users in a single click.

(2)How do you connect your Ethereum 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 Ethereum and other from Steem Blockchain)? 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?

Now, I will discuss about Multisender. I will show you how to connect Ethereum Wallet (MetaMask) to Multisender.

First go to the site of multisender.
Multisender.app

After going to this Multisender App site, You will see this interface.

It will ask you to connect Ethereum wallet to Multisender App. So, Click on Connect. After clicking, Click on Metamask Wallet as shown in below image.

After clicking on Metamask, Click on next then connect it with Multisender App as shown in below image.

After successfully connecting metamask Wallet to it, You will see an interface where you have to select token address and enter the recipient addresses.

As you have connected Ethereum Wallet, So Select Eth token address as shown in the below image.

After selecting token, You will have to enter recipient addresses to which you want to send eth tokens. If you want to see examples like in which way you have to enter recipient address then, Click on Show Example CSV as shown in below image.

After clicking on show example, You will be able to see some examples that in which manner you have to enter address as you can see in the below image.

You have to enter recipient address then comma then amount of eth tokens. Remember one thing, you don't have to put a space after the comma or after the address.

If you want to send different amount of token to different users in one click, then you can enter the different amount after the comma of the address.

As you can see in the below image that how I have entered the recipient addresses and amount of tokens.

After selecting token address, entering all the recipient addresses, Click On send button. And then, You can check the list of recipients.

As I don't have sufficient balance in my Metamask Wallet So, This transaction has not completed.

Hence, This is the full process of how to perform multiple transactions (ETH) in one click using Multisender App.

Using Steemyy how do you perform multiple transactions(STEEM or SBD) in one click?

Now, I am going to tell you about how to perform multiple transactions (STEEM or SBD) in one click using Steemyy.

Firstly, Go to Steemyy.com

Then, You will see this interface as shown in the below image. Click on Tools and after that Click on Steem Wallet Tool - Send SBD or STEEM to multiple accounts.

After that, You will be redirected to this inteface as you can see in the below image.

There, You will see some parameters like Steem ID, Active Key, Amount of STEEM or SBD, Memo and Accounts.

Now, There are three ways to send STEEM or SBD to multiple accounts.

I will discuss all three ways. Let's start with first one.

(A) Transfer same amount of STEEM or SBD to different accounts.

For this, You have to enter your STEEM ID in the first parameter i.e. my STEEM ID is sachin08. Remember, You have to enter STEEM ID without @.

Then, You will need to enter your active key in the second parameter. After that, Select the token which you want send like STEEM or SBD. And enter the amount in the third Parameter.

After that, If you want to add memo then add it otherwise memo is optional. And then, Enter all the account addresses to which you want to send STEEM or SBD.

As you are sending same amount of STEEM or SBD to different accounts, So there is no need of repetitive time or interval So, Leave this repetitive and interval section.

You can enter the receiving address with @ or without @. In my case, I have entered the address with @. But It is totally your choice. You can enter receiving address with or without @.

You can see in the below image how I have done this.

After that, Click on Send button.
Then, All transactions will be done within seconds as you can see in the below image. You can also see the Block Number in the transactions.

This is the process if you want to send same amount of STEEM or SBD to different accounts.

Now, Let's move to second method.

(B) Transfer different amount of STEEM or SBD to different accounts.

For this, Go to the same interface by clicking on tools and then steem wallet tool- send STEEM or SBD to multiple accounts.

Similarly, Enter your STEEM ID in the first parameter without @. Enter your active key in second parameter.

And then, Select the token which you want to send. And you have to leave the amount section as it is. You also have to leave repetitive and interval section.

Then, You have to enter the receiving account address and amount and token and memo in a correct manner. Let me tell you the correct manner.

You have to enter receiving account name space amount space token space memo.

As I want to send different amount of STEEM to 4 accounts. So, I have entered in this manner :
@arpitgupta08 0.001 STEEM hello
@sumit71428 0.003 STEEM hello-bhai
@rishabh99946 0.004 STEEM hii
@abhishek08 0.006 STEEM hlo

You can enter receiving account name with @ or without @. But It should be in this manner if you want to send different amount of STEEM to different accounts. And the Memo is optional.

You can see in the below image how I have done this.

After that, Click on Send button. And then, This transaction will be done within seconds as shown in the below image. You can also see the Block Number in the transaction.

So, This is the process of the second method.

Now, Let's move to the third one.

(C) Transfer repetitive amount(STEEM or SBD) to a single account (or multiple accounts) at a defined interval.

As shown in the above steps, Enter your STEEM ID without @. Enter your active key.

After that, You need to add repetitive times. It means in how many installments you want to send the amount. Like I want to send a total 0.006 to a user and I decided to send in 6 installments.

So, I have to enter 6 in repetitive times section and Interval means after how much time you want to send your second installment. Like I have decided to send each installment after 60 seconds. So, I have entered 60 in interval section and set it in seconds.

Now, You have to enter in account section. It is same as in second method. Like I want to send 0.001 STEEM to a user in 6 installments.
So, I will enter this in account section :
@arpitgupta08 0.001 STEEM memo

Memo is optional. And you can enter receiving account username with or without @.

Take a look on the below image which shows how I have done this.

After that, Click on Send button. And then As I have told you, Each Installment will take place after 60 seconds as I have set the interval to 60 seconds.

You can see the above image that the First Installment took place at 9:19:33 and then second installment took place at 9:20:33 and then third installment took place at 9:21:33.
Every installment took place after 60 seconds.

I have send repetitive amount of STEEM to a single user but you send it to multiple users. You only need to enter all the account usernames & amount (in the correct manner as I have told) line by line.

(3) What if you enter a wrong/invalid address in multisender and Steemyy(dApp)? Does the application( Steemyy in Steem Blockchain and Multisender in Ethereum) allow the transaction to go through if you have entered a wrong address?

This is one of the most important question.
Let's try in Multisender app first.
Go to Multisender App and then select Token Address and then enter wrong address in the address section.

As I have entered wrong address in the recipient address section as shown in the below image.

Now, Click on Send button. Then, This You will see this interface.

Multisender App will told you that you have entered a wrong/invalid address. As In case, You have entered wrong address, You will not lose any of your token in the Multisender App which is a very good thing.

Now, Let's check in Steemyy .

I have entered wrong usernames in the account section to send 0.001 amount of STEEM as shown in the below image.

After that, Click on Send button.
Then, You will see this type of interface.

As shown in the above image, It shows unknown key means the transaction cannot take place which is a very good thing and you will not lose any of your STEEM.

Hence, Both the application doesn't allow transactions if you entered a wrong address.

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So, This is all about my Homework Task.

@sapwood