Tron Ecosystem | What is TronLink and What is Tronscan? - Steemit Crypto Academy Season 4 - Homework Post for Task 1

in SteemitCryptoAcademy2 years ago (edited)

(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?


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TronLink


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A Chrome extension that's made to simply use or have access to Tron Blockchain which is now available for Android, IOS and Huawei HarmonyOS. It's been serving over 90% of all Tron users which is a decentralized wallet with a multi-layer algorithm encryption that is ensuring user's data security and with it supporting TRX, all TRC-10 and all TRC-20 tokens, also supports the users to participate in voting, to freeze or unfreeze resource and a friendly user that enables us to be deeply involved with Tron's ecosystem and open up a testing environment for developers to make a collaboration or for further expansion.

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And now lets explore the different Dapps using the TronLink wallet.

SUN

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Our first exploration is "SUN", known to be the first integrated platform for stable coin swap, stake-mining, and self governance on TRON. The above photo shows what it looks like in the Dapp SUN just like how it shows the Total Value Locked, Staked Value of Stablecoin Pools and Staked Value of Mining Pools. You can also swap stablecoin and SUN has different pools where we can see 3pool with three(3) stablecoins USDT+USDJ+TUSD to stake with a total of 0.32% of Base APY and 4.77% of Rewards APY while USDC Sun Pools needs USDC+3SUN to stake with a total of 0.22% of Base APY and 7.90% of Rewards APY. On the next box is the Total Pool Deposits and Daily Volume and below are the Highest APY percentage of stablecoin pools Deposit where we add liquidity and earn rewards and Stake where we have options in staking multiple stablecoin pools to unlock more rewards.

JustLend

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Second exploration will be JustLend, the first official lending platform on TRON with the aim of helping people in crowd-sourcing peer-to-peer funds in achieving financial goals where JustLend offers users to borrow, lend, deposit assets and can earn through interests. It also has two(2) pools, the SUPPLY and BORROW Pool and below are All Markets where we can see the 12 Assets that we could possibly supply or borrow with the needed requirements to operate.

JustSwap- SunSwap

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It is now officially renamed as "SunSwap" that is concluded by the SUN team about the plan on upgrading the platform. SunSwap is a decentralized exchange for TRON that let users swap tokens.

Here's the transaction I made using SunSwap

• I first go to SunSwap and connected my TronLink wallet

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• Then filled-up the designated areas like "From" which I have selected TRX and 5 as the amount of token I wanted to swap into the "To" section in which I selected "SUN" that's based on its estimation has a total of around 14 SUN and click "Swap" to proceed.

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• A menu box appeared and click "Confirm Swap" to proceed

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• Lastly, enter password to authorize and complete the transaction.

Tronscan

The first Block Explorer based on TRON which is a search engine particularly for TRON network that works easily for users or anyone to check on a Blockchain transaction.

How do I check using Tronscan, a Blockchain Explorer?

• I first go to Tronscan https://tronscan.io/#/?from=tronlink
• On the search bar I enter the Transaction hash

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• Then it shows the transaction details where we can check the Transaction hash, result,

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• Status, nos of confirmation, block number, timestamp,

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• Sender's address, recipient's address, amount and bandwidth.

I guess that will be all for now and the rest of information are already discussed by Professor @sapwood and hopefully my attempt will succeed.

Thank you and May God Bless us All!

Best regards,
@lealtafaith

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