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Introduction

Blockchain technology is gradually being adopted by some countries in some part of the world. These countries that are subscribed to blockchain technology have seen a great difference between traditional transfer of fiat from one account to another and the digital transfer of cryptocurrencies from one wallet to another.

Transfer of crypto currencies from one wallet to another are most times fast but then, if one wants to transfer crypto assets to many wallet addresses, it could consume time and most times, incur some fee charges depending on the network on which the transaction is done.

Since adoption into the crypto ecosystem is gradually increasing daily, there are lot of advances which still makes the blockchain technology stand out. One of it is multiple transact in one click.

1. Multiple Transaction In One Click.

Multiple transaction in one click is a great advancement in the blockchain that allows crypto assets to be sent to more than one wallet address or account in just a click. This implies that in just one go, more than 100 wallet addresses or accounts can be funded seamlessly. This is way too better than having to be sending or transferring funds to those accounts singly. It saves more time and alllows for less cost of sending.

Ethereum network for example charges some fees for each transfer done on the network. If 100 transfers are to be made singly, it therefore means there will be so much fee charges. But if the same transfer to 100 different wallets is done in a batch or all the 100 transfers is done in one click, the charges will not be as much as it would have been if it was to be sent singly.
The transaction fees meant for one single transaction will cover the batch transactions fees.

How multiple transaction in one click save transaction fees

Multiple transaction in one click save transaction fees by using the same rate at which a single transaction would have been used to pull a transaction through and pulls many transactions through. This is to say that if it cost 0.01 ETH for example to transfer ETH to one wallet or account, the same 0.01 ETH can be used to send ETH to more than 500 different wallets using a multiple transaction in one click dApp.

Other Benefits Of Multiple Transaction In One Click

• It pulls multiple transactions through in just a click, therefore saving time and energy which would have been used to singly send asset to different wallets.

• Its ability to allow for transfers to more than 500 different wallet addresses in just a click is great scalability feature it possesses.

• It makes transfers to several wallets much easier than single transfers.

• It makes transfers to different wallets go through in a very good considerable speed, though depends on the blockchain network which the transaction is done.

• It reduces the cost of transaction fees when making transfers to so many wallet addresses, prior to single transfers.

2(a) How To Connect My Etherum Wallet(Metamask) To Multisend Or Multisender(Dapps) & Perform Multiple Transactions(Eth/Erc20) In One Click

I'll be able to do this by visiting https://multisender.app/ and on the welcome page, I'll click on Connect.

On this window, I will chose Metamask since it is the wallet I want to connect to Multisender dApp.

Click on Next

Click on Connect.

Here, my wallet is successfully connected.

2(b) How To Perform Multiple Transactions In A Single Click On Multisender

After connecting my metamask wallet to Multisender, I enter the field where I have Token Address.

Here i searched for ETH as the token I want to distribute and clicked on it.

There are two options here which I can input the wallet addresses I want to send ETH to. I could either type in the receiving wallet addresses or upload CSV file. But I chose to type in the address I want to send the token to followed by the amount but separating the address and the amount with a comma (,) and not space.

Click send

Then approve the transaction by clicking approve and the ETH will be sent to the various wallet addresses.

2(c) How To Use Steemyy To Perform Multiple Transactions In A Single Click

To be able to transact on steemyy, I'll have visit https://steemyy.com/
On the home page, I click on Tool.

Then hit Steem wallet tool- Send SBD or Steem to Multiple Accounts button.

On Steemyy, there are different multiple transfer options which are...

• Distributing same amount of steem to different steem accounts

• Distributing different amount of steem to different steem accounts.

• Distributing same or different amount of steem repeatedly to one or more steem accounts.

Distributing Same Amount Of Steem To Different Steem Accounts

There are several fields here that needs to be provided with some information.

We have the Steem ID, Private Active Key, Amount, Crypto coin to be sent, Send Times (for repetitive transfers), Memo and Accounts

Here I will be sending 0.001 steem to the following steem users

• davosimple

• elishanyong

• paulyoung

So i will type my Steem ID (unyimeetuk), Private Active Key, Amount (0.001), select Steem as the unit, ignore the Send X Times and Interval since it is not a repetitive transfer, provide a Memo and then the receiving accounts.
Then click the send button.

Approve the transaction by hitting OK.

Transaction was successful and here is the console showing the block numbers of the successful transfer.

Distributing Different Amount Of Steem To Different Steem Accounts

Here I will be sending different amount of STEEM.
So I will provide my Steem ID, my Private Active Key, since it is different amount of steem that I want to send, i will ignore the amount field, select STEEM as the unit to be sent, ignore the Send X Times and Interval since it is not a repetitive transfer, type in a memo if I want the same memo to appear to all the receiving accounts, if not, ignore the memo field and include the memo in the Accounts field.

In the Accounts field I'll type in the username using space to separate the amount and the memo. So it will take the format of; username (space) amount (space) memo. Letting each receiving account to take one line.
So it will look like this;

davosimple 0.003

elishanyong 0.002

paulyoung 0.001

Then click Send

Hit OK to continue

Here is the successful transaction in the console with the block numbers.

Distributing Same Or Different Amount Of Steem Repeatedly To One Or More Steem Accounts

Here I can send some STEEM or SBD in just a click and the transfer will repeat itself depending on the amount of STEEM i want to distribute and the time interval I want the distribution to reoccur.
Here, the "Send X Times" and the "Interval" will be of great importance.

So I want to send a total 0.003 steem to davosimple and I want the sending to be 0.001 steem every 60 seconds for 3 times.
After typing in the necessary details, I hit send .

I confirmed the transaction

And here is the transaction block number and details in the console.

3(a) What Happens When A Wrong/Invalid Wallet Address Is Entered In Multisender

Distributing crypto to invalid/incorrect wallet addresses or accounts using the Multisender and Steemyy dApps do not always go through. If the wallet address is wrong or incorrect, a different error message will be displayed from if an invalid wallet address in entered.
Below is example of what I mean.

Here, I am sending ETH to both incorrect and invalid wallet address using the Multisender dApp.

For the incorrect wallet address on the second line, it is shown Wrong address because I entered a Tron wallet address instead of ETH wallet address.

The third line is showing Given address "0x2699fc3753b1036534feb3be8704c95e3262606" is not a valid Ethereum address because I entered an invalid ETH wallet address.

3(b) What Happens When A Wrong/Invalid Address Is Entered In Steemyy

On Steemyy, sending STEEM or SBD to an invalid wallet address will not always go through. But I think that sending STEEM or SBD to and incorrect address will always go through but not to the targeted address as it has happened to me before.

Here I am sending 0.001 STEEM to the following invalid addresses
davo- and uyi".

Click OK

Error message displayed on the console is invalid target

Therefore, for both dApps (Multisender and Steemyy), Multisender detects both invalid and wrong wallet addresses and doesn't transactions go through but Steemyy only detects invalid addresses, funds sent to incorrect address might still go through.

Conclusion

Multiple transaction in one click really helps to reduce the stress involved in sending funds to many wallet addresses if it was to be sent singly.

Thanks to Prof sapwood for this great lectures.