STEEMIT CRYPTO ACADEMY SEASON5 -TRON ECOSYSTEM- Homework Post for Task1 by @nsikakedem

Preamble

I am @ nsikakedem, having intensively gone through the lecture from professor @sapwood and other research finds it necessary to undergo and submit answers to task1 home work post as demanded by crypto academy from students doing Introductory courses. The attempt to work on this is out of knowledge acquired in the lecture and research with plagiarism not entertained.

What are the different dApps in the Tron Ecosystem are you familiar with? What are the uses of DeFi applications like JustLend, and sun.io? How can you optimise mining rewards by staking TRX and other TRC20 tokens in sun.io? Examples.

TRON ECOSYSTEM

What is Tron?

Tron is one of the biggest and largest Blockchain in the world that was created and designed using the idea of " decentralised the web" done by different great explorers from around the world. The following are the categories of products which makes up the Tron Ecosystem:

• Public chains
• Wallet clients
• Decentralised application (DApps)

The afore mentioned products are related the same in functionality of each other with sensible system put together to successfully finish a massive operation in Tron Ecosystem without complication. This product has similarities which brings the them in unit to consummate a serviceable Tron system. Source

Justine Sun is the CEO of TRON and BitTorrent with their offices in San Francisco and Singapore. He is about thirty-one years of age. Tron exchange medium is Tronix or TRX which saves as their currency in the Ecosystem. Content creators uses TRX to enter and explore their application. The important things is that, TRX transaction is unconditionally free of charge on the platform and moreso, possible usage with (DApps) in browser. Source

Block chain

Blockchain is a program system of recording and keeping information buildup in a manner that makes it impossible to be altered by hackers, cheated or by individual of any kind. Its a digital means through which transaction is spread across the entire blockchain system. It's programmable system is constructed in a manner that every transaction performed is accurately recorded without any error. Here, individual records is encrypted which makes it individually managed.

Decentralised Application (dApps)

These are applications or digital programs functioning on a block chain which makes it impossible being controlled by an individual authority or user. DApps used smart contracts without reliance to a specific authority which enhance adequate privacy and makes the system reliable and trusted. It's a peer-to-peer (P2P) networking system and not an isolated one.

Public chain

As the name implies , public chain is a decentralised platform which is free for all to function and participate in any of the dealings of the Blockchain without any hindrance.

The Tron Ecosystem is very sinewy to accomodate thousands (dApps) Tron base application. Tron Ecosystem gives medium to which applications can be grouped into exchange, games and others. Tron gives an open platform for developers to program functional authentic applications. I will love to share but a few of them.

JUSTLEND

Justlend as a decentralised application is design to financially stabilise tokens for users. They lend tokens to users who are in need with a little trading cost attached. As a loan base application which requires collateral, the wallet of the said user acts in a that capacity. Justlend is accessible by any user around with a quick and fast processing operation. It's characterized with evincing strength in protocols and has smart contracts which includes; NFT, JST, WIN, USDJ, TUSD, BTC, TRX and others. Official site https://justlend.cc/#/home

SUNSWAP

Sunswap is Tron - based medium of trading policy or procedure that goes with exchange between TRC20 tokens which enhances fast conversion according to the price of the system. It has a efficient financial open market which facilitate users to have free access. Sunswap has a trading policy for automated liquidity availabilities. Official site https://sunswap.com/?lang=en-US#/home?utm_source=tronlink

BLOCKCHAIN CUTIES

Block chain cuties comprises of a multitudinous and multifaceted crypto games of bold understandings in which the gamesters plays with imitated animals or animated images with a misapprehensive facts or reality. Such animals like, cat, rat, horse, donkey, Carmel can be used. It's the gamester's responsibility to skillfully input so much on the cuties in feeding, training, nurturing and test running the cuties abilities and tactical competency in battles. Official site https://blockchaincuties.com/

With smart contract with TRON, Ethereum etc. the gamesters exchange their cuties in crypto currencies.

DeFi Application stands for Decentralised Finance Application in full. It's an environment where different transactional activities takes places such as lending, borrowing, transferring of crypto currencies can be effectively carried out in a well organized and easy to fashion.

The name JUSTSWAP is currently known as SUNSWAP. It's a decentralised financial system which allows the use of borrowed funds in USDT stable coin with quick accessibility. Sunswap provides information and directives on mining to users. It also allows roughly equal exchange of Tex TRC20 token with other tokens. SUNSWAP creates avenue for monitoring, lending , grouping of tokens like USDT, JSR, USDC, BIT etc.

JUSTLEND is basically used for token stabilization of users. It's allows user to borrow or lend tokens as a decentralised financial web application. Justlend has a quick response and processing measure which can be operated by any users all over the world. It serves as token backup for users token. It dealings with smart contract such as JST, WIN, SUN, BTCetc is helpful. Official site https://justlend.cc/#/home

SUN.IO is fundamentally used for stable coin swapping operation in TRON Ecosystem. As decentralised as it is in Tron system, it allows roughly equal exchange between token in the system. Justin Sun founded SUN.IO in 2018 as the the first DeFi ever initiated for equal exchange of stable coins.

Tron Ecosystem has a dynamic official block chain wallet called Tronlink. Tronlink is an access to be block chain which makes it simple to relate with the DApps. It brings interaction with seemingly impossible games, applications and sites. It's a ticket into the world of decentralised application. TronLink pro can easily be downloaded from Google play store(Android users) . For the purpose of this studies, I will be using this measures.
The following steps can be implemented to optimize mining rewards by staking TRX and other TRX and other TRC20 tokens in Sun.io.

Step1

Get to your browser and download

Source of Screenshot

Step 2

Get to smeemit wallet in steemit.com and download. From steemit keys, copy Tron link.

From this TRONLINK PRO WALLET Interface , copy your TronLink

Login to https://sun.io/#/stake to connect your TronLink wallet having it installed.

Here it connects

I must confess that it has been an awesome adventure getting first class information and knowledge about Tron Ecosystem through this research and studies. I sincerely appreciate the able Professor @sapwood for arranging the lecture thereby moulding me with knowledge in task1 Introductory Course. Indeed, I have learnt a whole lot about Tron Ecosystem.

HERE ARE MY ACHIEVEMENT POST LINKS:

• Achievement1: link
• Achievement2: link
• Achievement3: link
• Achievement4: link

Cc:
@stemitblog
@shemul21