Tron Ecosystem - Steemit Crypto Academy Season 4 - Homework Post for Task 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 can you explore using the TronLink wallet? Make a transaction(a micro-transaction) with Justswap or JustLend using TronLink wallet?Screenshot?*
What is TronLink and what is Tronscan? What are its uses?
TronLink is an official wallet of Tron ecosystem. It is decentralized web 3.0 wallet that acts as a gateway between Tron network and DeFi . TronLink wallet can store , send/receive TRX and TRC 10 and TRC 20 based tokens.
TronLink is available as mobile app and has web extension as well. Being non-custodial, user is absolute authority and is in control of funds. Loss of keys means loss of funds. To perform transaction, private key is not required but password is needed which is set by user at the time of creating wallet. However, installation on new devices requires import with private keys.
TronScan is a block exploler of Tron Network that offers a database of transactions carried out on Tron network.
Uses of TronLink wallet.
Storage , send and recieve TRX , TRC 10 and TRC 20 tokens.
Interaction with Tron based Dapps like JustSwap, JustLend, Sun. Io etc.
Staking of TRX tokens to earn interest.
Freezing /unfreezIng of tokens to manage resources for transaction like energy and bandwidth.
Voting for validators of transactions as Tron works on DPoS algorithm.
Uses of TronScan
Transaction status can be instantly verified.
Details of transactions like date, time, resource consumed like bandwidth and energy, transaction hash, addresss etc.
Checking the validity of address to which transactions are made or for any other purpose.
Checking transaction details by hash or block number like Genesis block.
We can check wallet balances on TronScan.
How do you verify a transaction status (including timestamp, resource consumption(bandwidth & energy), nos of confirmations) using Tronscan-- Examples, Screnenshot?
I'll describe in a step by strp manner how to check the transaction details of a transaction performed on the Tron network from Tronscan:
Go to official website of Tronscan https://tronscan.org
On the main page of the website, a search bar is provided to search for transaction hash. We will check the transaction details of the last transaction on the tronscan.
Similarly, we can fimd details of any transaction by entering transaction hash and clicking on search.
Below are details of transaction
Hash
5c18a4ef03ebfa2af0a9ae5a4c301304822cf46769e77197467f5debed8fe30d
Result - SUCCESS
Status - CONFIRMED
Confirmed by over 200 blocks
Confirmed SRs - 19
Block - 34421385
Time -13mins 3secs ago
2021-10-09 17:06:21 (Local)
Transfer TRX
From-
TGhJ2uyxPUsqdmXhQDjR68Ph4FWET
1j4JT
To -
TGGX7zdS37JBuCR1mkiKpG1qegxWY
Tdvn5
Consume Bandwidth
268 Bandwidth
Consumption of staked/free bandwidth:
268 Bandwidth
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?
As mentioned above, TronLink acts as a gateway of Tron ecosystem. It facilitates smooth interaction with different Dapps. We can access all the Tron based Dapps via TronLink. Below is the list of Dapps accessible via TronLink wallet.
Transaction with JustSwap
I'll perform swap between TRX and USDT by using JustSwap. Below is stepwise approach to perform swap function. First I'll demonstrate how to connect TronLink to JustSwap and than we will perform swap function.
Connect TronLink to wallet
Open TronLink App and from the bottom panel of the main page of the app, click on "Discover".
On the next page, click on JustSwap and it will take you directly to justSwap and you are done.
To check your connectivity , click on top right corner , a drop down menu will appear where your TronLink collection address will be seen.
Click on this address and you got to see a notification poping up showing "Account connected to TronLink".
Swap TRX for USDT
To access JustSwap website basic steps are same as mentioned above. On the main page of app , we need to select the token to which we want TRX token be converted.
Than select the amount of either TRX or USDT. The other token will be calculated by default.
I choose 5 USDT. I'll have to swap 50.94 TRX to get 5 USDT. For 1 USDT 10.389TRX have to be swapped. Click on swap.
Next, confirm the swap by clicking on Confirm swap. A transaction fee of 0.1566 TRX (0.3% of total TRX) was charged as liquidity provider fee.
Next we need to sign the swap transaction. Click on sign transaction.
We need to enter TronLink password to finalise the transaction.
Next the success notification will appear and the 5 USDT tokens will be added.
USDT on my TronLink wallet
Conclusion
Tron nerwork is a scalable and cost effective network that was founded in 2017 by Justin Sun to act as an efficient ecosystem for operation of decentralized apps including DeFi related apps. Within few years of its launch, Tron network has met great success and is expanding its user base continuously by acting as a frictionless platform for businessmen and developers etc
Hi @drqamu, you recently delegated your SP to nutbox.mine. However, using purchasing or proxy voting services by delegating SP without systematic curation will decrease your eligibility in the context of reputation.
Cc-:
@steemcurator01
@steemcurator02
@sapwood
I am not taking any paid upvote from them. Moreover, i have recently delegated. I am already eligible for all the levels as i have repo matching the requirements set by steemitblog. I haven't gained any repo by delegating .
We are aware of this, so we have not excluded you from the Academy, but such practices are against our community principles of good quality content. Since you are one of the active members, we would like you to set an example in this regard.
Undelegation processed
Hello professor even i have gone through this situation but i was not allowed even after i have undelegated my sp from the nutbox a long back can you please look into my matter as even i deserve 1 chance.