Hello there

This is the first task given in the Crypto-Academy Season 4, the Beginner's course. I am much grateful to be granted such an opportunity to partake in this exercise and hope I will be guided to explore the whole idea behind blockchain and crypto-trading.

Today, we will talk extensively about Tron Ecosystem and all the benefits surrounding Tron.

Let's get started, shall we?

So Tron Network is a crypto-trade blockchain created by Justin Sun in 2017. Tron is popularized by the low-cost tariffs it offers in exchanging or swapping it with other crypto coins and high throughputs(meaning the exchange rate are quite high when dealing with Tron)

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Tron Ecosystem works on the decentralized, open-source system just like STEEM using the Delegated Power-of-Stake method of governance. Tron system favors business as transactions between peers (P2P Exchange) because of its low cost (transaction fee) involved, about 0.01% of charges, hence users don't lose much when engaging in transactions. It must be noted that Tron uses the Proof-of-Stake consensus algorithm. In December 2020, an initiative was started to integrate STEEM and Tron, and finally, in February 2021, it was launched as STEEM-TRX Integrated Wallet.

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QUESTION 1

What is TronLink and what is Tronscan? What are its uses?

TronLink is the official Blockchain wallet of Tron Network, which grants users full access to the Tron Ecosystem and its dealings. It is an all-in-one wallet that also has the DApps that Tron currently uses for smooth utilization of the ecosystem's tools. It must be noted that it is non-custodian, meaning that the administration of Tron Network will not withhold or manage your tokens for you.

It has its variants in Andriod OS, iOS, as a browser extension, and also in web version form. It can accommodate the use and transfer of TRX, TRC-10, and TRC-20 tokens. This very much works like Steemworld, where users can freely manage their accounts at a go. That is one of the uses of TronLink.

Other uses include:

• Governance, where means voting for witnesses on the blockchain to monitor and validate blocks that are been created.

• Freezing and unfreezing tokens to gain bandwidth as well as votes which can be used to earn potential rewards.

• Serves as a site to test the decentralized apps (DApps) by developers. e.g. Justswap, Justlend, etc.

Tronscan is a platform that displays the list of transactions taking place in the Tron Ecosystem, what we refer to as a block explorer, this is very much like Steemscan. Here, you can see everything, from the market chart to the price of Tron in other crypto-cions to the number of transactions carried out every second, to the supply of Tron tokens available in supply.

Amongst the uses of Tronscan includes:

• Knowing the number, time, and address of every transaction carried out in the Tron Ecosystem.

• Sender and recipient of a transaction.

• The market price of Tron.

• Transaction hashes, etc.

It should be noted that Tronsan is a dApp of TronLink.

Also, it displays the resources such as bandwidth or energy, tokens generated and a transaction log carried out by the user.

How do you verify a transaction status using Tronsacn?

• Go to https://www.tronscan.io

• Click on the "Blockchain" section.

There you can check the number of confirmations, the timestamp, and the resource consumption(which is at your account address when you click it.).

What are the different dApps you can explore using TronLink Wallet?

Several dApps come with TronLink Wallet which includes:

• Sun, a platform where you can make transactions and swap for other coins like BTC, ETH, SUN. TUSD, USDT, etc.

• Justswap, in which users can swap TRC-20 tokens for other coins, pretty much like Sun. This follows the equilibrium model, xy=k, following that x and y are either side of the pool, supply, and borrowing, and this dictates the exchange rate from converting from one coin to the other. Here, if the model of the current situation deviates from the equilibrium model, the exchange rate changes to fit back to the equilibrium model. That shift is the increase or decrease of the exchange rate between 2 currencies.

• Justlend, which offers users to supply the liquidity pool with tokens with them earning LP(Liquidity Provider) tokens as a form of interest gained from contributing into the pool for borrowers to borrow. Here, borrowers put in their LP tokens, ultimately called jtokens, as collateral. The interest grows and compounds per APY of the pool and this describes the state of the pool to either encourage or discourage supplying and borrowing. But the APY is kept at a high rate to mostly serve the purpose of encouraging users to supply and borrow to enhance the flow of currency in the Ecosystem.
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• Poloni Dex is also another dApp in TronLink and serves as the decentralized exchange app in TronLink. Here, you can transfer Tron tokens(TRX or TRC-20) from your account to another account with ease. There aren't any restrictions placed on the transactions but just that you can only deal in Tron tokens.

Make a transaction(micro-transaction) using Justswap or Justlend, Screenshot.

Since my Tron account hasn't any funds, it isn't possible to make a transaction so I will list the steps.

• Click on the "DApps" button.

• Click on either Justswap or JustLend but now we will use Justswap

• You select the coin to make the transaction and input the number of tokens to be swapped.

• Click on "Swap".

Thank you @sapwood, @dilchamo, @nane15🙏🙏🙏🙏