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Full post: https://medium.com/human-protocol/transfer-your-tokens-9-600x-more-efficiently-on-ethereum-using-the-bulk-api-fbc2f10669ed
(Copy and paste) summary to save you the click:
"If you’ve developed on Ethereum before you have probably noticed how limiting transfers can be. Sending tokens to many Ethereum addresses is slow and expensive when using the standard methods defined in the ERC20 standard. This has prevented wide adoption of Ethereum’s public chain for micropayments and other high-volume use cases.
As part of our work on the HUMAN Protocol we needed to scale settlements to handle billions of task payments per day. Turns out this is possible to do in a backwards-compatible way even on the Ethereum mainnet. We call it the Bulk API.
Many of our friends at other projects have asked us to share these results, so in order to give back to the community we are open sourcing our reference implementation. We will also be proposing the Bulk API as an extension to the existing ERC20 standard so that everyone can benefit from faster and cheaper token transfers to multiple Ethereum addresses."
Topic: Bulk API: Ethereum token transfers 9,500% faster (Read 106 times)
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