What a single Cardano transaction can do

The EUTXO model that Cardano uses is fundamentally different from the account-based model that Ethereum uses. In fact, a single Cardano transaction can process hundreds of user requests. In other words, a single transaction can be the equivalent of hundreds of transactions on other networks. Let’s explore one transaction together to explain the power of the Cardano platform.

One transaction distributed ADA to 217 addresses

An NFT project Space Pugs Alpha distributed ₳16,164 ($7000) to 217 users in a single transaction. The transaction fee was just ₳0,78 ($0,33). It’s important to note that this is not an exceptional transaction. There are many such transactions taking place on the Cardano network every day. This one was lucky to get media attention. Let’s explore the transaction through Cexplorer:

This article was prepared by Cardanians with support from Cexplorer.

Read the article: What a single Cardano transaction can do | Cardano Explorer

1 Like