Cardano is now in Basho Phase
According Whale ADAa Twitter account focused on the Cardano community, Cardano’s capability for multi-address transactions could be the “secret sauce” that could make it a great contender for managing the future global financial infrastructure.
ADA Whale spoke in light of the new feature on Eternl Wallet that allows multi-address transactions. Cardano’s light wallet, Eternl (formerly ccvaultio), introduced the new TxBuilder feature that allows users to add multiple outputs to a transaction and choose which UTxOs to spend.
U.Today reported last month that ADA can be sent to multiple addresses at once as the Typhon wallet received an upgrade to support multi-address transactions. Users will now be able to send ADA or other supported tokens to multiple recipients in a single transaction, reducing transaction costs.
Typhon, a Cardano blockchain wallet, supports sending and receiving CNFTs, native tokens and also tokens with metadata registered with the registry.
Scalability is not around a million TPS
Cardano is currently in the Basho phase – where it refuses to define scalability in “one million TPS” terms.
According to IOHK, it is logical to use TPS as a metric in the same context (for instance, to compare two Cardano node versions), whereas “using it as a means of comparison between blockchains isn’t.”
In light of this, IOHK highlighted the importance of considering and thinking about throughput, finality, and concurrency as key metrics of scalability. Throughput is the amount of data processed in a given amount of time, while finality is the time it takes for the system to complete a transaction. Concurrency is also described by IOHK as the amount of work that multiple actors can accomplish without interfering with each other.
