Crypto Academy Season 4 Beginners' course - Task 1: Tron Ecosystem| Homework post for Professor @sapwood by @ladyofpolicy

in SteemitCryptoAcademy3 years ago (edited)

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INTRODUCTION

Greetings everyone in steemit cryptoacademy and my best regards to professor @sapwood for this awesome lesson. Am very glad to participate in this task which talks about the Tron ecosystem. For the sake of this homework task, I will Like to answer question number one.

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QUESTION NO 1

WHAT IS TRONLINK AND WHAT IS TRONSCAN? WHAT ARE IT'S 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?

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WHAT IS TRONLINK?

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Tronlink is a wallet (Tron wallet) which has been officially recognized,approved and accepted on the Tron blockchain which simplifies links on the Tron blockchain and ecosystem. It is also a chrome extension that connects websites to a safe platform where transactions (sending, recieving and confirmation of transaction) are carried out.

Tronlink was created in the year 2017 by the CEO of Tron Justin Sun. Tron acquired BitTorrent in 2018, Polonies in 2019, and Steemit inc in the 2020, Tronlink opereates under TRX, TRC-10 and TRC-20 networks.

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WHAT IS TRONSCAN??

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Tron scan is a block explorer and it's the first official and recognized blockchain explorer of the Tron Ecosystem which provides a built-in web wallet basically for Tron token transactions (sending,recieving,managing and confirming) as well as grants access to DAPPS across the network.

It can also be a search engine for the Tron ecosystem with a well organized database used for transaction authentication in the system.

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USES OF TRONLINK???

• Tronlink allows users to users to carry out transactions (sending and recieving) using the TRX,TRC-10 and TRC-20 networks.

• Tronlink can serves as storage platform and enables users to import their already existing wallet and also create new accounts with assurance of their funds being secured.

•Tronlink runs on a wide range of encryptions and it is decentralized and for that reason it has the ability of keeping all your guns secured.

• Tronlink as the first Tron wallet allows it's users to interact with DAPPS like JustSwap,juatlend etc.

• It also works with chrome and brave browsers and it comes in different number of variants like the iOS,Android,chrome extension Etc.

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USES OF TRONSCAN???

• Tronscan is used for validating wallet,verifying transactions,verifying hash of a transaction and also verifying the date and time of a transaction.

• It can serve as an online tool which the users by people to view all cryptocurrency transactions.

• It serves as a block explorer which is used in exploring the Genesis block which is the first block of the Tron network,explore the foundation of Tron and also check the latest block and it's transactions.

• The Tronscan has a public ledger of the Tron blockchain where informations are gotten and displayed through the Tronscan website which promotes transparency in the Tron ecosystem.

• Tronscan functions as a search engine for the Tron blockchain and it can also be used in searing for information.

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HOW DO YOU VERIFY A TRANSACTION STATUS(INCLUDING TIMESTAMP, RESOURCE CONSUMPTION [BANDWIDTH & ENERGY], NOS OF CONFIRMATION) USING TRONSCAN?

In order to verify a transaction status,the following steps are required;

• visit the website tronscan.org.

• When the site opens I saw different transactions so to search for any transaction, I had to enter the address or hash of that transaction in the search option and it gave me access to the status of the transaction and all of its details related to Txn

Choosing a random Txn to verify on Tronscan,the screenshot is below;

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The timestamp, resources consumed, number of confirmations, blocks, sender's and reciever's address, status etc of the transaction are all indicated in the screenshot above.
Screenshot from tronscan.org

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WHAT ARE THE DIFFERENT DAPPS CAN YOU EXPLORE USING THE TRONLINK WALLET?

Tron blockchain is a platform that is targets at providing support to smart contracts and also permits developers to develop and deploy their dApps(decentralized applications).

It is recorded that about 1400 DAPPS has been created on all Tron network with the transaction volume of $12 million daily and amongst these 1400 dApps,some of them can be explored using the tronlink wallet. They include games,exchanges and others as shown in the screenshot below.

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GAME DApp
The game DApp has a total number of 12 applications which are known as Decentralised gaming DApp on Tron link

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Others
These are also dApp applications on Tronlink which is used for other purposes aside gaming and exchange.

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EXCHANGE DApp
There are 11 exchange application that operate on Tronlink and they are DApp application used for exchange and for swapping.

Note that all the screenshot above shows the different dApps that can be explored in the Tronlink and all the screenshot was taken by me from my tronlink pro app

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MAKE A TRANSACTION ( A MICRO-TRANSACTION) WITH JUSTSWAP OR JUSTLEND USING TRONLINK WALLET?

For this question I will perform a transaction with JustSwap using my Tronlink wallet.

I went to my Tronlink pro wallet app
Click on swap.

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After clicking on swap I selected the cryptocurrency I wish to swap and the quantity I wish to swap. Here I used the pair of TRX/USDT. You'll see the exchange rate and it's equivalent to the cryptocurrency you're swapping to.
Click on instant swap.

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After clicking on instant swap,the breakdown of my transaction appeared and requested for confirmation.

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After clicking on confirm,it requested for my password which I entered.

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After inputting my password,my transaction was placed and luckily it was completed.

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Assuming the transaction failed or on pending it will still show on the records.

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I've successfully swapped my TRX for USDT.

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The above screenshot is my transaction details

Note that all the above screenshot was taken by me from my Tronlink wallet

CONCLUSION

Tronlink as the first Tron wallet has many dApps which exist on it and different gaming activities and exchanges cab be carried out on it.
The Tron blockchain being a decentralized platform has a very huge advantage to people who use it. It's importance in the cryptocurrency market can not be underrated as well. Thank you once more professor @sapwood for this amazing lectures.

CC;
@sapwood
@steemblog

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