Tron ecosystem | Steemit Crypto Academy | Season 5 Home work post for task 1 by @suhajazz

in SteemitCryptoAcademy3 years ago (edited)

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Task 1 What is TronLink and what is Tronscan? What are its uses? How do you verify a transaction status(including timestamp, resource consumption(bandwidth & energy), nos of confirmations) using Tronscan-- Examples, Screenshot? What are the different dApps can you explore using the TronLink wallet? Make a transaction(a micro-transaction) with Justswap or JustLend using TronLink wallet?Screenshot?

Introduction little bit to SteemitCryptoAcademy

Hello everyone I am Suhail Ur Rehman son of Abdul Rehman Thoker resident of rawalpora shopian. State Jammu and Kashmir country #India i am 27 years old. I have five sisters and I am the lonely candle of my family I got married in September 2018 and i have a daughter namely Suwaydah.I raised in the rural area, my life is associated with hard struggled life since my childhood days, but thank almighty Allah now I am happy.Presently I am studying and my pursued degrees are Masters in zoology, Bachelor in Education and also I am running a footwear business in main town district shopian.Now let's put some light Tron Ecosystem

Tron

Justin sun is the founder of Tron (TRX) or tronix in 2014 later on overseen and supervised by the Tron foundation. Tron is strong block chain ecosystem which is prepared by the developers and designers of the world. It is decentralised and open source Blockchain based on operating system. There are smart and different kinds of contracts including public chain, wallet and dApps etc. These projects are closely related with each other and together works the stability of the Tron ecosystem. It is originally an etherum based ERC-20 token and was launched in 2018. It is also based on Tron protocol and performs as the core of the Tron ecosystem. There are so many things like token assets vote for gains etc through Tron public chain.

10 year roadmap

  1. Exudos 2017.8~2018.12
  2. Odyssey 2019.1~2020.6
  3. Great voyage 2020.7~2021.7
  4. Apollo. 2021.8~202.3
  5. Star trek 2023~2025.9
  6. Eternity 2025.4~2027.9

Milestones

  1. April 2017 = Tron foundation establishment.
  2. Aug 2017. = Tron ICO
  3. 31 May 2018. = Tron mainnet launched
  4. June 2018. = ERC tokens migrated to Tron
  5. 23 July 2018. = Bittorent acquired by Tron.

Tron link

Tron link is actually Tron wallet which is used for secure funds of the Tron holders and provides an outstanding experience, options and the most applications. Tron supports TRX and TRC-10 and TRC-20 tokens, and also create / imports wallet with one click.

Tron Scan

It is the public smart contracts of the block chain. Tronscan gives a opportunity to her users in order to check their wallet address is true or not. Tronscan also enables users to check their history of a transaction in relation to time and date, sender and recipient address,transaction hast tags, cost of the transaction to name a few.

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Block chain explorer

Tronscan.org is the first Blockchain explorer. Tron scan celebrates Tron independence day it means that when Tron leaves etherum and launches its own coin. It needs an exchange by June 2021. Then ERC-20 tokens can be converted to TRX coins and can be withdrawn from exchange by June 24. There are list of exchanges which supports the migration.

Tron scan also teaches us about coin freezing, mechanics of voting, what is super representative and why would I want to vote, where can I learn about SR candidates etc.

How do you verify a transaction status (including timestamps, resource consumption (bandwidth and energy) nos information)?

First go to the http://tronscan.org/# and then click on it the interface looks like below. Then search by address or transaction id or block. After that you see the transaction states with relevant information that is related transaction.

There is an interesting feature between Tron and etherum network. Which is by aimed to solve the issue facing by the users on Blockchain. This is a kind of freezing function earned resources with in the Tron wallet. Freezing your TRX tokens for some day or lock TRX tokens one can not buy or sell untill they are unlocked. They are safe in your wallet. In place the hault you are allowed to use resources which are rewarded by the Tron officials, untill TRX tokens unfrozen.

Bandwidth and energy

In simple and understandable language if you have band width then one can easily do transaction without paying gas fees. While using dApps like www_tronbet_ioit is mandatory one should have more bandwidth then it is easy to use more transactions. Bandwidth is the active Piller of the Tron community, which allows you to caste vote for super representatives.

Energy

As we all know every living and non living machines need energy either food or fuel respectively. Same as the case here is energy resource is used to process the smart contracts on the Tron network. By moving tokens from one place to another there should be bulk of bandwidth and energy.

dApps

There are numerous dApps of the Tron which are summarised below:-

  1. Just lend.
  2. Just swap.
  3. Poloneix.
  4. BZ mining.
  5. Tron trade.
  6. US swap.

just lend

Just lend is the first govt official lending platform where users can easily lend assets and deposit assets easily. In simple words if I take an example of SBI India where other branches of the different private banks lend money for trades. Same as the case in just lend interns of token assets. Just is runned by money market protocols of the Tron. The ambition of this protocol to establish the fund pool whose interest rates are determined. There are two important principles that is depositor and borrower. Both of them can directly interact with the protocol to earn and pay the floating interest rates

just lend accepts

TRX, USDT, USDJ, SUN, WIN, BTC, JST, ETH and WBT for loans.

Smart contracts

TRX, BTC,SUN,JST, WIN, ETH, USDT, USDJ.

Just lend provides lending protocol in different states with different incentives for example lending user should sell short an asset or borrow the right of use. Earn interests on assets, fast lending etc, automatic order matching and automatically match supply and borrower requirement and generate attractive returns on supplies.

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conclusion

Be honest it I was not having enough knowledge about Tron ecosystem but by reading upon internet and @sapwoods introductory courses. And also I was not eligible for steemit crypto Academy my reputation is @52.34 and 150 plus @sp

Special thanks


@sapwood
@steemitblog

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