Tron Ecosystem - Steemit Crypto Academy Season 5 - Homework Post for Task 1 by @bright6126

TRON can be defined as a largish blockchain ecosystem developed and designed exclusively by blockchain developers around the world, it leverages the idea of "Decentralize the Web".

So many kinds of products are found in the TRON ecosystem, which is not limited to

• Public chains,
• Decentralized applications(DAPPs)
• Wallet client, etc

The above listed products are similar in their principles of working to each other, and this creates a robust system all together to accomplish a solid and effective Tron Ecosystem.
Source

TRON was Founded by Justin Sun (Presently the CEO), Having their offices in Singapore and San Francisco. Justin Sun was born in 1990, He is also is the CEO of BitTorrent, the file-sharing program.

Tron uses Tronix or TRx as it's currency in the network. Content creators are being paid via TRX for users to access and utilize their applications.
The grand advantage is that TRX transactions are absolutely free of charge on the platform.
Source

DEFINITION OF TERMS

• BLOCKCHAIN: Blockchain can be defined as a set of process of storage of data in a fashion that makes it almost impossible to be compromised, infiltrate, breach, modify the system. All the Transactions are done in a digitalized manner and duplicated then is distributed across the whole network of systems on the blockchain.

• PUBLIC CHAINS:
  This is a decentralized platform which is
  accessible by anyone. It allows anyone to freely participate in any of the services being rendered by the public chain.

• Decentralized application (dApp):
  DAPPs are applications that are developed using digital format and run on a blockchain.
  It also allows for peer- to -peer network of plenty systems in contrast to operating on a single one. The system is reliable and solid, security and privacy is guaranteed because the applications are controlled by different groups.
  
  

  WHAT ARE THE DIFFERENT dAPPS IN THE TRON ECOSYSTEM THAT YOU ARE FAMILIAR WITH?

Tron Ecosystem is as robust to as having atleast a thousand and more Tron based apps (dApps). This apps can be categorized into Games, exchange and others.
Well, you wouldn't know all though ☺️ but I would list 3 today which I find interesting and learnable.
They include

• BlockChain Cuties
• JustLend
• SunSwap
  
  1. BLOCKCHAIN CUTIES

Blockchain Cuties is a collectible crypto oriented game characterized with myriad of adventures where players have to play with virtual animals such cats, lizards, puppies, bear etc and other creatures creating an illusion of virtual reality. Ownership and control of the cuties is vested in the player, the player breeds them, cater them, train them, train them, test your cuties skills in battles. This allows players to trade their cuties in crypto currencies using smart contracts on Ethereum, TRON, EOS and NEO blockchains. The game is quite exquisite.

Visit their official site @ https://blockchaincuties.com/

2. JUSTLEND

Justlend is a decentralized finance web application that gives users who aren't financially stable and are in need of tokens allows them to lend or borrow tokens and yet still earn interests but in a very low trading cost. When a user borrows token, the user's wallet serves as a collateral. JustLend is characterized by speedy response and processing and can be easily used and accessed by anyone in the world with her robust decentralized lending protocols.

JustLend also works with smart contracts such as NFT USDJ, JST, TUSD, WIN, WBTT, BTC, TRX, SUNOLD, ETH, SUN, USDC, and USDT.
Visit their official site at https://justlend.cc/#/home

3. SUNSWAP

SunSwap is a TRON-based decentralized trading protocol for automated liquidity provision and an open financial market accessible to all. TRON-BASED dAPP allows for trading with a provision of automated liquidity with an open financial market that is acesssed by anyone.

Source

Furthermore, SUNSWAP can be simply described as a TRON-based exchange protocol for that deals with exchanges between TRC20 tokens.
It enables users to carryout convsersions easily with TRC20 tokens based on system price.
Source
Visit the SunSwap official site at https://sunswap.com/?lang=en-US#/home?utm_source=tronlink

WHAT ARE THE USES OF DeFi APPLICATION LIKE JUSTSWAP, JUSTLEND, AND SUN.IO?

DeFi Application stands for Decentralized Finance Application in full. It's an environment where different transactional activities takes places such as lending, borrowing, transferring of crypto currencies can be effectively carried out in a well organized and easy fashion.

USES OF JUSTWAP

JUSTSWAP:
JustSwap now known as SUNSWAP is a decentralized financial system in the crypto space that leverage USDT stable coin.

The simplified interface in the platform makes in easily accessible, usable by intending users.
This DeFi system allows swapping of tokens using TEX TRC20 tokens, it is also used for pooling in tokens, tracking, lending of tokens.
It gives Information about mining schedules to users in phases.
Currencies that can be found in SunSwap includes USDT, JSR, BTT, USDC, etc.

USES OF JUSTLEND

Justlend is a decentralized finance web application that gives users who aren't financially stable and are in need of tokens allows them to lend or borrow tokens and yet still earn interests even in a very low trading cost. It is essentially used to borrow, lend tokens and earn interests while trading. When a user borrows token, the user's wallet serves as a collateral. JustLend is characterized by speedy response and processing and can be easily used and accessed by anyone in the world with her robust decentralized lending protocols.

JustLend also works with smart contracts such as NFT USDJ, JST, TUSD, WIN, WBTT, BTC, TRX, SUNOLD, ETH, SUN, USDC, and USDT.
Visit their official site at https://justlend.cc/#/home

USES OF SUN.IO

SUN.IO is also one of the Decentralized finance platforms in the Tron ecosystem. It was founded in 2018 by Tron Founder Justin Sun making it the first DeFi ever that is used to carryout swapping stable coins operations on Tron Ecosystem. Sun.io is basically used to for swapping stable coins and runs TRON's TRC-20 token effectively.

HOW TO OPTIMIZE MINING REWARDS BY STAKING TRX AND OTHER TRC20 TOKENS ON SUN. IO? EXAMPLES?
It was established from the beginning that Tron Ecosystem is robust and has varieties of DAPPs but then it's more imperative and exciting to let you know that it has her unique official blockchain wallet too, the name of the wallet is TronLink pro and can be downloaded from Playstore (Android Users) and Applestore (iPhone Users) respectively.
We shall be using it for the purpose of this study.

To optimize mining rewards by staking TRX and other TRC20 tokens in sun.io, the following steps shall be taken:
STEP 1
download the app

Source of screenshot

STEP 2
After downloading the App, visit steemit wallet on steemit.com, copy your Tron link from steemit keys.

This is the TRONLINK PRO WALLET interface, copy your TronLink

LOGIN to https://sun.io/#/stake to connect your TronLink pro wallet.

• Tap on "connect to wallet", then
• click on Tronlink wallet if you have already have it installed (which you already have done)

And finally it connects

CONCLUSION
Over the hills! Far away from the mountains!! I have gained insights and learnt a lot from this research and study.
It has made grasp more knowledge about the Tron Ecosystem and solid knowledge on DeFi apps, DAPPs in the Tron Ecosystem.

Without a any for of sentiment, I would like to extend a courtesy of appreciation to Professor @sapwood who delivered the lecture and also paved way for steemians to acrue relevant knowledge on the above subject areas.

BELOW IS THE LINK TO ALL MY ACHIEVEMENT POSTS

• Achievement1

• Achievement2

• Achievement3

• Achievement4

My warmest regards