Tron Ecosystem - Steemit Crypto Academy Season 4 - Homework Post for Task 1
There are a number of well-established ecosystems and networks that are currently operating in the blockcain industry at the moment. These ecosystems have been created to offer financial solutions to some blockchain problems and deficiencies and also offer users improved services.
Prominent among these ecosystems is the Tron Ecosystem. I will now go forward to explore and explain some aspects of this ecosystem through the following questions.
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?
TRONLINK
This refer to the official digital wallet software developed for Tron ecosystem. It is used to store digital assets of users who interact with Tron Blockcain. The wallet is one that is controlled by the users as they are in possession of the wallet's private keys. As such, the wallet is not centralized and it is not a custodial type.
With the TronLink wallet, users can access the entire decentralized Apps developed in the blockcain as the wallet is integrated completely into the blockcain. It has supported versions for most operating systems.
From the wallet, users can engage in swapping or exchanging the various tokens on the Tron ecosystem. Activities like voting, staking, liquidity mining can also be accessed through TronLink. A user can follow some really easy steps to create a wallet with liberty to create more than one wallet which could easily be switched.
In all, TronLink is a comprehensive decentralized non-custodial wallet with high compatibility and integration into the Tron ecosystem with with users can preserve their tokens as well as have access to other DApps and functionalities present on the blockcain.
TRONSCAN
All blockchains have tools with which their records and details can be accessed and verified. Tronscan is a tool used to make enquires about activities and transactions that are carried out on the Tron blockcain and its entire ecosystem. It is a block explorer tool which as the name implies is used to explore the contents in blocks on Tron blockcain.
It was the first block explorer tool developed for the blockcain. With this Tron blockchain search engine tool, anyone can find out the details about any transactions. The time of the transaction, the accounts and addresses involved, gas fees charged, block statistics and a lot more. Tronscan scans out information about Tron Blockcain.
How do you verify a transaction status (including timestamp, resource consumption(bandwidth & energy), nos of confirmations) using Tronscan-- Examples, Screenshot?
To verify a transaction status using Tronscan, a user can copy the transaction hash, the wallet address, or the block where the transaction took place.
Here is the Tronscan home page. There are several information displayed. There is a list of blocks as well list of transactions.
For this question, I will be verifying a transaction I had executed in my wallet. It was a transfer of 20 TRX from my Steemit Wallet to my TronLink Wallet.
I went to my TRX wallet and checked the history. I list if transaction histories was displayed. I tapped on the desired transaction.
This is the summary of the transaction indicating the hash. I copied it.
Since I had already logged in to the explorer, I pasted the transaction hash in the search bar.
The search result is displayed depending on the search query. For this example where I copied a transaction hash and pasted, the summary of the transaction was given.
Time of transaction was : 4days 21hrs ago, 2021-10-30 10:38:09.
268 Bandwidth was consumed. There were 19 confirmations for the transaction. The result showed SUCCESS. It was has a CONFIRMED status. The block where the transaction occured is stated here (35023266) as well as other details.
Alternatively, one can decide to verify any random transaction. In this case I picked the first transaction hash from the list of lastest transactions and this is was the displayed result.
Also, a block can be verified. Here, I also picked the block address of the lastest block and the details were displayed.
What are the different dApps can you explore using the TronLink wallet?
Tron blockcain has an amazing smart protocol that is easy and cheap to develop on. As such, there are a good number of projects that have been built on this chain. These projects are all linked and integrated with the TronLink wallet. From the wallet, a user can access these DApps.
Launching the wallet app, you will find the discover button. From there, there is a display of the various DApps available starting with the most popular ones.
There is a brief list of icons of games, exchanges and other DApps.
There is a total of 30 DApps in the blockcain ecosystem.
12 games
List of decentralized games.
These are some decentralized games homepage from TronLink wallet.
7 exchanges
List of decentralized exchanges.
Some of the DEX on TronLink wallet.
11 others.
List of other DApps.
Homepage of some of the DApps.
Make a transaction(a micro-transaction) with Justswap or JustLend using TronLink wallet? Screenshot?
The transaction was carried out on JustSwap DeFi platform. I swapped TRX for USDT.
I visited my Tron Link wallet and tapped on the discover option.
From the list of decentralized applications on the platform and I picked JustSwap option.
I got a notification that I will be redirected to another app from my wallet and I proceeded.
On the JustSwap exchange I selected the different tokens from the list that was presented and typed in the amount. The transaction was to swap 10 TRON for USDT.
I was given some tips concerning how to confirm the transaction. I then authorized the transaction. I typed in my password as was requested.
A display of the details of the swap was given and a prompt to confirm the transaction and I proceeded. The transaction was delayed for a while but It was executed after a very short while.
This shows the the balance of my assets.
Checking my transaction history, I noticed that a portion of my TRON was taken as gas fee for the transaction.
From the details of the transaction, I saw the hash. It was copied and I proceeded to https://tronscan.org/ to verify the transaction. The hash was pasted (1603fa4dd081ba31d9632ca3bf8c86f17df397fd80dcc5fd58f3b94423d7fbfc) in the search space provided.
This is a detailed breakdown of the transaction.
The Tron Blockcain has been able to evolve into a massive ecosystem. It has gained a lot of prominence with its strategic development. There are some really excellent upgrade and improvement that had taken place especially with the attachment of several smart contract projects.
In the Tron ecosystem, a user can engage in a number of financial operations and have great allowance to navigate across several platforms. Lending, staking, mining, pooling, governance activities and lots more can be performed in the ecosystem with well-structured decentralized applications which have lovely user interfaces.
Within the Tron ecosystem, it is very easy to build and submit DApps as there is a simple interface dedicated for that.
Apparently, the Tron ecosystem with its splendid functionalities is one that crytopcurrency enthusiast and users should explore more to enjoy the wonderful features available.
Thank you very much Prof. @sapwood for this expository class.
