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.
That sort of thing is Cardano’s secret sauce. This is useful today, shows that the space focus on TPS is stupid.
But the flexibility and power displayed at its most basic level also shows why Cardano is such a strong contender to manage the global financial infrastructure of the future. https://t.co/ECmZrdHibb
— Keith ADA (@cardano_whale) July 21, 2022
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.
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.
With Cardano, you can send multiple assets in a single transaction. This means that in Cardano you can send 100 assets to different addresses in one transaction. This would require 100 separate transactions on Ethereum or Solana and completely destroy any TPS argument. Need a new one
— Lucid (@LucidCiC) July 19, 2022
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