Steemit Crypto Academy Season 4 - Homework Post for Task 1 - TRON ECOSYSTEM.

in SteemitCryptoAcademy3 years ago (edited)

Greetings crypto enthusiast.

I am pleased to participate in this task which talks about the tron ecosystem.

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designed on canva.

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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What is tronlink?

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screenshot from my tronlink wallet.

Tronlink can be seen as an interface which gives it users permission to the Tron blockchain. Tronlink makes it easier for cryptocurrency traders to get access to the Tron blockchain and it is simple to use in such a way that even a beginner can use it. When creating an account on tronlink we are strongly advised to copy and keep our passphrase in a safe and secured place away from third party's reach. Your passphrase can be used to import or recover your account in case you misplaced your device or you got a new one. Users who make use of Tronlink can send and receive trons whenever they want. Therefore we can say that the Tronlink is a wallet that belongs to the tron blockchain and it is a Decentralized wallet or a non-custodial wallet.

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What is tronscan?
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Tronscan is regarded as the first blockchain explorer of the Tron network. It gives users the right to check and confirm transactions. Every block of the Tron blockchain can be seen using Tronscan. Tronscan is used to explore blocks on Tron blockchain. Tronscan shows transparency of the Tron blockchain.

uses of Tronlink.

  • it enhances the interaction of the tron ecosystem and other sites such as the Decentralized finance (defi).
  • used to secure assets.
  • Gives room for users to freeze trons and get rewards in return.

Uses of Tronscan.

  • Tronscan can play a role in the creation of tokens.
  • Tronscan can also enhance contract development.
  • it serves as a blockchain explorer.
  • checking and validation/confirmation of Transactions.
  • checking of transaction history.

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HOW TO VERIFY A TRANSACTION STATUS (Including timestamp, resource consumption(bandwidth & energy).

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To verify transaction status we make use of Tronscan. Every Tron transactions can be seen on Tronscan. Tronscan can be used to verify every Tron transaction, the significance of this verification is to show if assets were received by the designated recipient. The following steps shows how to verify a transaction using Tronscan

  • first of all we visit link

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screenshot from

  • we input the recipient's wallet address in the search bar and click on search.

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screenshot from

  • The transaction status of the wallet address is then displayed as seen in the image below.

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screenshot from

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using Tronscan-- Examples, Screenshot? What are the different dApps can you explore using the TronLink wallet? )
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Tron link supports every token that is on the Tron network whether trc-20 or trc-10. It gives it users access to different dApps which includes the following:

  • The image below displays the various dApps tronlink users enjoy.

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screenshot from my tronlink wallet.

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Make a transaction(a micro-transaction) with Justswap or JustLend using TronLink wallet?Screenshot?

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  • first I logged into my tronlink wallet and clicked on dApps

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  • Afterwards I linked my tronlink wallet to the justswap site.

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  • After linking my tronlink wallet to justswap, I went ahead to choose the token I wanted to swap. For the transaction I picked WBTT as seen below.

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  • I input the amount of trons I wanted to swap then clicked on confirm.

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  • For the transaction to be completed I had to input my WBTT recipient's wallet address.

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  • The image below shows that my transaction is successful.

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  • I confirmed my transaction using

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Conclusion.

The Tron blockchain was launched in 2017 by an investor known as Justin Sun. The Tron blockchain is famous for it's lower transaction fee. Using tronlink you can interact with plenty of DApps with ease and less stress.

CC:
@nane15
@dilchamo

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