Steemit Crypto Academy Season 4 - Beginners course Task 1 :Tron Ecosystem / Homework post for Professor @sapwood

in hive-108451 •  last year  (edited)

(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 YOU CAN EXPLORE USING THE TRONLINK WALLET? MAKE A TRANSACTION(A MICRO-TRANSACTION) WITH JUST SWAP OR JUSTLEND USING TRONLINK WALLET? SCREENSHOT?

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1. WHAT IS TRONLINK AND WHAT IS TRONSCAN?

TRONLINK
First, Tron is a decentralized digital blockchain with it's own cryptocurrency known as Tronix(TRX). It was created/ founded by Justin Sun in the year 2017 by a non profit organization of Singapore.
Tronlink can be defined as a browser extension which gives easy access to the Tron blockchain and because it is a browser extension, it can connect the content of a website to a secure platform where transactions can be send, receive, and sign. It is officially recommended by Tron to be a safe and comprehensive wallet for Tron(TRX).

It allows for the merging of sharp contract calls on the developers site, therefore also enabling the usage of decentralized applications in the browser. Decentralized applications are those applications that are built on a blockchain and are not controlled by any third party or intermediaries. It is a standard Tron wallet for those who wants to carry out transactions with Tron tokens.

TRONSCAN
Tronscan which is the first blockchain explorer for Tron allows users or node to check, confirm and validate transactions carried out on the tron blockchain. It is also used to explore the public smart contracts of the Tron blockchain. TronScan has an in-built web wallet which is used to send, receive, and manage the tron tokens and interact with dapps across the network.

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2. WHAT ARE ITS USES?

  • Tron scan has wallet which is used to transact Tron tokens.
  • It is use to support token creation.
  • It also supports voting which is also known as governance.
  • It is used to deploy contract.
  • It is used to manage resource(BANDWIDTH and ENERGY)
  • Detailed information about the date and time of transaction within the Tron blockchain is given.
  • It is used to display the cost of transactions.

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3. HOW DO YOU VERIFY A TRANSACTION STATUS(INCLUDING TIMESTAMP, RESOURCE CONSUMPTION(BANDWIDTH & ENERGY), NOS OF CONFIRMATIONS) USING TRONSCAN-- EXAMPLES, SCREENSHOT?

  • Go to tronscan.org

  • Enter the address or transaction hash in the search box as seen below

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  • After that, click on the "search" button and all the transaction details will be displayed including other necessary information as can be seen on the screenshot below.

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4. WHAT ARE THE DIFFERENT DAPPS YOU CAN EXPLORE USING THE TRONLINK WALLET?

There are different kinds of dapp that can be explored using tronlink, there are listed below but only two will be looked into:

  • JUSTSWAP
  • JUSTLEND
  • POLONIEX
  • SUN.IO
  • TRONSCAN
  • BANKROLL
  • JUST, ETC

JUSTSWAP: This is the very first decentralized exchange protocol for the exchanges of Tron tokens,( including TRC20 tokens) for another token still in the same family. It is built on the TRON platform. Instant exchange of TRC20 tokens is allow by JUSTSWAP, and all trading fee collected goes directly to liquidity providers of the protocol rather than the protocol itself. Since execution are done immediately without any queue, users are encouraged to participate in open financial markets .

JUSTLEND: Justlend is the very first platform on the tron platform, know by users for lending, depositing and also borrowing of assets. Since it is powered by smart contract, it has two pools - supply pool and borrow pool and based on demand and supply, the supplier earns an interest rate while the borrower pays the interest rate.

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5. MAKE A TRANSACTION(A MICRO-TRANSACTION) WITH JUST SWAP OR JUSTLEND USING TRONLINK WALLET? SCREENSHOT?

Using my installed Tronlink wallet I'll make a micro transaction of 4trx with JustLend
Syep 1: Click on your tronlink wallet on your phone or system and then tap on the discover key.

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Step 2: After that you will be taken to the next slide where you'll click on JUSTLEND as seen in the screenshot.

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Step 3:The JUSTLEND will be launched.

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Step 4: Go to where you have the marketplace and click 'supply' on tron

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Step 5: Input the number or amount of Tron to be supplied to the market. I supplied 4trx. Then click on supply.

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Step 6: Confirm transaction by clicking on 'confirm' and inputting the wallet password.

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The transaction has been successfully sent as can be seen on the screenshot.
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CONCLUSION

The Tron ecosystem has so many amazing features that can be easily accessed.
I thank prof. @sapwood for the wonderful lecture.

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