Crypto Academy / Season 3 / Week 3 - Homework Post for [@sapwood] Multiple Transfers/Batch Send at one click Homework by @monz122

Hello everyone this is Monz from India, hope you all are doing great and enjoying this Crypto academy as from each week and each task we are getting new new things to learn from this academy.

Talking about my personal experience when this SteemitCryptoAcademy started till today's day I have learnt a lot about cryptocurrency market which I was not knowing before.

So now let's start with the today's homework which is given by our professor @sapwood and after going through his post I am trying to give all the details which I came to know about multiple transfers/ batch send.

Coming to the topic of this chapter I would try to make my post standard , up to the point and detailed so that the reader would be able to read the post easily.

Q1 )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 means where you can send cryptocurrencies or anything like salary, ICO's or airdrops for example take it mails etc. to multiple people or addresses in a single click.

Multiple transactions can be of 2-3 types like:

•Transferring of recurring amount to a person or more persons .
• Same amount transfer to different persons in one click.
• Transfer of different amounts to different persons in one click as explained by our professor.

Savings of transaction fees by multiple transactions

Single transfer to each and every individual can be costly then multiple transfer in one click because transferring of amounts need some transaction fees if every transfer will be done individually for each transaction there will be some transaction fees but multiple transfer in a single click we can save more amount to a certain extent as there are large amount of people so sending individually will require more amount of transaction fees compared to multiple transfer in a single click because we will not have to pay the transaction fee separately for all the accounts. Just 1 transaction fees will be required for all the accounts, e.gSuppose the transaction fee of 1
transaction is 0.03 ETH and I have to do 50 transactions so we the help of multiple transaction in one click we can transfer the coins with the transaction fees of only 0.03 ETH and the platform charges . Which would have been costlier if I would have each transaction seperately.

Other benefits of multiple transfer in single click are:

• saves time as all the transfer can be done in one click so we don't have to take the tension sending amounts individually which takes a lot of time.

• There are no chances of occurrence of error.

• We don't have to put much effort or stress for sending the receivers individually.

• super easy and fast transactions in case of distribution of airdrops and bounty etc.

•scalability and higher efficiency as more number of transactions can be done with the help of it.

Q2). 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?

For the above given task am choosing the the multisender dApp which helps in offering us with multiple transactions with one click for ethereum blockchain based tokens ( ERC20 tokens).

I am showing you some steps to connect multi sender app with metamask wallet.

Step 1

Go to the link https://multisender.app/ and now click connect on the page.

Click Connect

Now select metamask wallet

•After clicking connect we have to now select the option of metamask wallet and then connect it to complete the process of connected wallet.

Now the wallet app is successfully connected to to multisender app.

Step 2

Now comes the our token address section and for this I have input ETH token for the transactions. And going through the examples of addresses we get to see the examples like:

Example of addresses

•The next step I have chosen 2 in CSV format which is each address followed by comma and no space in
between.

List of recipients with amount

•Next we have to approve the list of recipients as I have no balance in my wallet I'm just showing you the example and the total amount of my wallet comes to 67.91 ETH.

How to use Steemyy to perform multiple transactions in a single click ?

The following are the ways to perform multiple transaction in a single click in steemy for same amount with different users:

I will now be using steemy for multiple transaction in single click.

The following are the steps involved in using steemy as multiple transaction in one click.

First we have to go to the link https://steemyy.com/

•Now going on to the tool page click on to
Steem wallet tool- Send SBD or Steem to Multiple Accounts as shown in the picture

Wehave to select the button to send to multiple accounts.

The next step entering a username and private active key and amount of steem for all the users which we want to send. And for that I have selected the token to STEEM or HIVE because I am sending STEEM.

Now I am sending 0.001 steem to 4 accounts.

I sent the same amount of 0.001 Steem to 4 users :
sapwood
sumit71428
secretbeauty
riya2222

Now our transaction of sending steem is completed and the proof of it is given in the picture below in which you can see the block number of 55470761.

How to perform multiple transactions in one click to different users with different amounts on the Steem blockchain?

To perform multiple transaction in one click to different users with different amounts aapko follow the steps which are given below:

Step 1

•Input your steem user ID and private active key,
leave the as section as it is .

•Leave , Send X times and Interval section left the way it is because we are not making a repetitive/recurring transactions.

In this transaction I sent steem to sumit71428, secretbeauty and nishika.
The amounts are
0.001 steem
0.002 Steem
0.003 Steem

The proof of the transaction is is the block number which is 55564531.

Seen in the above transaction of different amount for different users I sent a total of 0.006 steem successfully.

Q3) 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)?

Ans3)

In case of wrong wallet address after performing the transaction with the wrong address I found that at last a message of unknown key gets reflected on the steemy and on the multisender with one click dApp a message of wrong address can be seen on the screen.

Now I will be showing transaction with wrong address, we will come to know more about it.

I'm performing the first transaction with wrong address on steemy.

Transaction with wrong address on steemy

•Here I selected the wrong address on steemy and after confirmation the message which it depicted was unknown key.

•The message of unknown key depicts as soon as you enter wrong address and click on the confirmation off the transaction..

We will perform next transaction with wrong address on multisender with one click dApp. with one click.

On performing a transaction with wrong wallet address I noticed that a message of wrong address depends on the screen below address box.

Transaction with wrong address

You can clearly see that on entering wrong address on both steemy and multisender with one click, transaction will not get completed and a message of unknown key and wrong address will be seen on the screen which in turn is a safe feature as it saves our money from getting wasted and does not go on a wrong address.

Conclusion

Coming on to the conclusion of this task honestly speaking I got to know more about doing multiple transactions with steemy and multisender with one click earlier I used to send amount different separately but now I would like to thank your professor sapwood with whose lecture I came to know about this feature of steemy which will in future help me to send the Steem to all the contest winners of the community secretbeauty which earlier I used to send seperately which took a lot time as well.

I would like to thank our professor for giving us this task.

The images of the above has been taken from
https://multisender.app/ and https://steemyy.com/ .