Crypto Academy Season 4 Beginners' course - Task 1: Tron Ecosystem by @na2cl2
**Hello dear steemian friends, how are you all? I hope everyone is well by the grace of God. I am also very well by the grace of God.Today I will present task 1 (Steem / trx) among you at steemit crypto academy.I hope you will stay with me.
2) Explain the difference between [SP, STEEM, SBD] & [TRX, TRC10, TRC20 tokens](with examples)? Explore Coinmarketcap.com to indicate the rank, coinmarketcap, and circulating supply of STEEM and TRX? Which exchange are you familiar with where both STEEM and TRX are listed? Does it cost any fee for transacting STEEM and TRX? How important is the use of Memo while transferring STEEM from Steemitwallet to an Exchange wallet, do you essentially need a similar memo for transferring STEEM from Exchange wallet to your Steemit wallet?
We are all aware of steem.Steem is basically the power of our account.It can be called SP.With this SP you can keep your influence by voting on a valuable post.The more SP a person has, the more power and influence he will have on the platform.Your SP can increase through kurshan.And by posting regularly to a good community, your SP can grow by winning up votes.Moreover, we can increase the SP by getting up the liquid steam from our steemit wallet.One thing to keep in mind is that you can't sell power-up sp very easily.If you want to sell the power up sp, you have to give power down.
Steem price now
Steem is a cryptocurrency.It can be traded very easily.In fact steem and steem power are not different.One of the differences between SP and steem is that SP is the power of the account and steem is the liquid.So if you want to convert to SP liquid steem, you have to give power down.But steem can sell you directly.
SBD
SBD is a cryptocurrency created by the steemit team.SBD is available to people who share their content on the Steemit platform.To earn SBD you need to set 50% -50% reward for your post. The price of this sbd is constantly changing with USD.This means that the price is more or less.Its value is difficult to determine correctly.Regularly like steem its price goes up and down.So it is a complex to predict.The value of sbd from USD is above six times the current.I know steem dollars can be traded via bittrex.Moreover, there is a currency called upbit for this.That too is very faithful.
upbit price 7.20
SBD's bittrex price is now 6.57.
TRX TRC-10 TRC-20
Trx is the main currency of the Tron network.There is some difference between a coin and a token.So trx is an official cryptocurrency currency that is popular worldwide.Tron is created to reward content creators worldwide.Trains or trx were first created using the Ethereum currency.TRC-20 Over time, trx moved to its own blockchain network.Whose name is known as the tron network.Tron creates new tokens on blockchain networks using torn networks known as trc-10 and trc-20.As a result, anyone will be able to provide a smart contract.TRC-10 is a token on the trx network, where anyone can create a trc-10 with ico by providing trx.
TRC-10 is a very easy to create medium as it does not require any programming language.TRC-10 transactions are peer-to-peer via transcan, there is no fee to make TRC-10 transactions because TRC-10 transactions use bandwidth which is available for free.The makers of the TRC-10 token are expected to replace it with the trc-20 once the main system is launched.
TRC-20 is a technical token that can be created through the tron network.The TRC-20 tron virtual machine was created to implement tokens with TVM.Which is similar to ERC-20 for etherium.But for trc-20 programming skills are required.Those who want to create trc-20 tokens have to write a coding script.People who wrote ERC-20 scripts on the Ethereum network can copy them and transfer them to TRC-20 because the functionality of TRC-20 and ERC20 is the same and consistent.
There are many exchanges that can be used to trade steem.I basically use bittrex.Because both steam and sbd can be traded through bittrex.But other exchange sites can only be used for steem.Although Plonix is a very well known site, I am very concerned about it.I had an account at Plonix quite a while ago.I have been using the Beatrix account several times so I am very familiar with all the features that I can access in it.
trx chart
If you want to withdraw steem from bittrex to steemit wallet, bittrex will charge us 0.01 steam fee.And if you want to withdraw trx, you will get 1 trx fee.Although the PoloniX platform charges only 0.01 TRX fee for each TRX withdrawal we make and it takes 0.01 steam to withdraw.An address memo must be used when we send the sbd recipient bittrex from our steemit wallet.Without which the transaction is not completed.So bittrex's address memo must be used when transferring.This indicates that the use of memory is mandatory for transferring Steam to all exchange accounts.Because memos are the main address for sending steam or sbd to all accounts.So our transaction will never be completed without the address memo.Also Memo is not required to withdraw or transfer steem from the exchange account to the steemit wallet.