Governance of Tron Ecosystem - Crypto Academy / S4W7 - Homework post for [yohan2on]

Greetings crypto lovers, this is my home task post for professor @yohan2on lecture. This week the professor lecture on tron ecosystem and in my post I will attending to the home work task.

_source

---

Question 1

Who are Super Representatives, SR partners and SR candidates? (The Governance of the TRON Ecosystem)

---

Tron ecosystem is a decentralized blockchain that use consensus mechanism called delegated proof of stake commonly called DPOS. This system works in a way where by there are certian group of people that create blocks, validate transaction and get rewards. These people are known as super representatives, anyone one can be a super representative in the tron network so far the person is a holder of TRX (trx is a tron token), any holder of the tron token can apply to be a super representative but have to be voted in by group of people that have stake their TRX.

Let me explain further by using this example below.

In a business organization we have 5 staffs and 20 customers that act as voters. These 5 staff are holder of tron that will like to be super representative while the 20 customers are people that have already stake their tron and have voting power, it's important to note that the 20 customers don't have the same voting power as they all stake different amount of tron, a customer that stake 100 tron have more voting power than a customer that stake 50 tron. The customer that stake 100 tron have 100 voting power right.

As said earlier, the 5 workers wants to be super representative, the more vote each one gets the better chance they have in becoming a SR, below is a table of the workers and the vote casted.

Workers	votes
1	6
2	5
3	4
4	3
5	1
6	1

From the above table, worker 1 and 2 top the table so they automatically become SR while worker 3 and 4 super representative partners while worker 5 and 6 becomes super representative candidate.

This is a typical example of what happens in the tron blockchain the different is that in the tron blockchain the first 27 candidates with the highest vote become super representative, while 28- 127th are known to be super representative partners while those that fall below 127th are called super representative candidates. It's important to note that vote are done every six hours. This means that voting is constantly going on in the ecosystem and what can make a vote invalid is if the voter unstake the stake trx. it's a win win situation for both the representative and the voters. They both get rewarded.

---

Question 2

What’s the difference between DPOS and POS consensus mechanisms?

---

Proof of Stake

PoS consensus mechanisms was developed based on the challenges ( high energy consumption and operational cost ) faced from previous consensus mechanisms proof of work. PoS was developed to tackle these challenges and it's mode of operation give more power to nodes that have more stake in the system. This is what I mean, the miners that stake higher tokens for a long period of time get higher chance of mining. This means the more you have in the system the more influence you have, though there is a random selection system on ground but still yet the miners with higher stake have high percentage of been selected.

PoS is an amazing consensus mechanisms that is cost effective and also uses low energy. There are various blockchain such as Ada, Neo Tezos that uses PoS and even Ethereum are planning to use it in Ethereum 2.0 .

Delegated Proof of Stake

As amazing as PoS is ,it has a biased nature to some set of user, that is those with higher stake thus the gave birth to DPos, this was developed to tackle the challenge faced by PoS. DPos is the consensus mechanisms used by the tron blockchain and as stated above in question one, this system gives power to the voters not the miners. The voters with stake tokens are the once that have the power to vote the miners that create the block. This provide a form of democracy in the blockchain and also fairness.

The major difference between PoS and the DPoS is the democracy nature of DPos where the voters make decision on those that mine as this makes DPos more secure and gives room to all users.

---

Question 3

Write a Step by Step tutorial showcasing how to stake/freeze TRX and vote for SRs

---

How to stake/freeze TRX

I will be showing the step by step tutorial using my tronlink wallet. You can download tronlink wallet from Google Playstore using this link

• open your tronlink wallet app if you have it already on your phone or you can download it using the link above, you can link your tron account in steem to the wallet using your tron private keys or you can just create a new one.

• once you have an account already, the screenshot above is what you will see once you open the wallet, it will showcase your tron balance and also below your balance you have options like send, receive, freeze/unfreeze swap, vote and the likes but our concern is on freeze/unfreeze so we click on it.

• it brings you to this screenshot and if you notice from the screenshot my voting right is 0 , that's because I have no tron stake but now I'm about to stake 50 tron. You can choose either energy or bandwidth as resources. I chose energy.

• click on freeze now and it will request for your password you created when opening the tron wallet, after that the transaction is confirmed

• you can see from the image above that my available vote has changed from 0 to the 50 tron I staked. That's how to freeze TRX.

How to vote for Super Representatives

Voting for SRs can also be done using the tronlink wallet app.

• from the opening page choose the option vote.

• it will direct you to a page with the list of SRs and you choose from the list who you want to vote for.

• i choose to vote for poloniex, so I click on it.

• it brings out information about the SRs you choose to vote for, this is the information about poloniex I choose to vote for.

• input your vote amount, I decided to vote 20 out of my 50 stake, click on vote and enter your password you use to open your tron wallet to confirm the transaction

• you can see the vote has reflected already, that's how to vote for any SRs of your choice.

---

Conclusion

DPoS is a great consensus mechanisms used by the tron blockchain and it gives fairness to all users, staking your tron is also a great way to earn passive income as well. I'm grateful to professor @yohan2on for this great opportunity to learn more about tron ecosystem.