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This Cardano “Secret Sauce” Brings It into View of Global Financial Infrastructure: Community

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According to ADA whalea community-focused Twitter account for Cardano, Cardano’s ability to multicast transactions could be the “secret sauce” that could make it a serious contender to manage the future global financial infrastructure.

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ADA Whale talked about a new Eternl Wallet feature that allows multicast transactions. light cardano wallet, eternal (formerly ccvaultio) has introduced a new TxBuilder feature that allows users to add multiple outputs to a transaction and choose which UTxOs to spend.

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Cryptooshala reported last month that ADA could be sent to multiple addresses at once as the Typhon wallet received an update to support multicast transactions. Users will now be able to send ADA or other supported tokens to multiple recipients in a single transaction, resulting in lower transaction costs.

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TyphonCardano’s blockchain wallet supports sending and receiving CNFT, native tokens, and tokens with registry-registered metadata.

Scalability is not about a million TPS

Cardano is currently in the Basho stage where it refuses to define scalability in terms of “million transactions per second”.

According to IOHCit is logical to use TPS as a metric in the same context (for example, to compare two versions of Cardano nodes), while “using it as a means of comparison between blockchains is not”.

In light of this, IOHK stressed the importance of considering throughput, finality, and concurrency as key metrics for scalability. Throughput is the amount of data processed in a given amount of time, while finality is the time it takes the system to complete a transaction. Concurrency is also described by IOHK as the amount of work that multiple participants can do without interfering with each other.





Credit : u.today

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