How do we send Leo or hive to 1000 different accounts in one transfer? Any ideas? Well we need that feature, dont we? Great for managing contest prizes. By the way, this post explores the usefulness of batch transfer DApps in web3. It briefly reviewed a DApp called Multisender that allows a user to securely do batch transfer of tokens to multiple address in one transaction. This is great for saving gas fees and improving scalability. Find out!
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I know how to send multiple hive engine tokens at once to one account. Maybe @bambukah has a solution for that as well. Check out all his dapps here: https://hivelive.me/
I can add that into TokenDistrib with a new feature like "Send from list" or something like this.
Just added to my ToDo list : https://github.com/fkosmala/tokendistrib/issues/11
You are the best. Thanks a lot that will make it so much easier for many people who do giveaways and such.'
Thank you!
Batch transfer DApps help the sender to reduce the fees they would have paid for a transaction. Instead of paying for each transaction if sent in single units, a batch transfer reduces the overall gas fee. Thus, it saves network cost.
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Scalability is another issue that batch transfer DApps solve. There could be network congestion if a large volume of transactions are initiated at once. But a batch transfer compresses all the transactions into a single block, improving scalability as a result.
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This article looks at the usefulness of batch transfer DApps. It also explored Multisender, a popular batch transfer DApp in the web3 space. Click the link below to check it out.
https://inleo.io/@fokusnow/batch-transfer-dapps-add-a-lot-of-value-to-web3-multisender
I'm actually surprised hive has no batch transfer. At least none that I know of. I have used Multisender before and it was very fast for making multiple transfers.
I once even asked Eric and he had no idea too. Its really surprising. If you run a contest and wants to reward 50 participants, its single single transaction times 50. We badly need that.
Oh that's a shame then. It's really tough to make 50 single transactions. I hope someone works on that soon
Hello fren for some reason I am able to see the rest of your threadstorm could you please check
It appears incomplete from my end. Would be great if you can fix it
stay creative
#freecomplements
There was temporary glitch on threads, but I cant see the rest now. Just refresh your page. Here is the screenshot of the threads and post link:
https://inleo.io/@fokusnow/batch-transfer-dapps-add-a-lot-of-value-to-web3-multisender
yes all good now :)