Season 5 Beginner Course // STEEM & TRON// Steemit Crypto Academy S5 - Homework Post for Task 2 by @ oshimadu

Good day All of Crpto Academy Professors and Friends . continuing with the introductory courses of the Crypto Academy season 05, and after reading and understanding the class of professor @sapwood, where he covers everything related to the STEEM & TRON blockchain.

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Entire question

(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? What are the different ways to optimize mining rewards using TRX in Tron Ecosystem?

01 Explain the difference between [SP, STEEM, SBD] and [TRX, TRC10, TRC20 tokens] (with examples)

• SP (steem power )

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Steem power is basically the voting power or influence that a user has in steemit, the more SP the user has, the greater the value of his upvote, thus distributing more or less rewards, always depending on the value of his upvote . It is not a cryptocurrency and cannot be withdrawn.

• STEEM

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It is the cryptocurrency of the Steemit network, it can be exchanged for cryptocurrencies such as Bitcoin or others through exchange platforms.You can power up the amount of sp in here and then the sp quantity of your account will increase .votes also depend on the sp.A positive advantage for investors who are always thinking about optimizing and increasing profits is keeping them for a long time so that when we see interesting Steem prices, sell them.

_{Screenshot by my steemit wallet}

• SBD

It is a cryptocurrency that has a value anchored to the US dollar unit (or US dollar). It is the way to offer the community the unit value of a real currency, in this case the dollar, to promote growth. convertible to other cryptocurrencies or currencies directly.

_{Screenshot by my steemit wallet}

• TRX

It is the main token that is associated with the Tron network. These Tron tokens are created on the Tron network so that they can facilitate faster, safer and more efficient transactions.
They are allowed to create tron ​​token within their network.

• TRC10

The TRC10 token is created entirely by its own network. This token widely available the TRON network . These tokens do not depend on a virtual machine . .TRC 10 works with all blockchain and crypto wallets. Therefore, investors and traders can easily use these tokens. Many of these created TRC10 Tokens appear as SCAM in our accounts, we must be careful.

• TRC20

It is the technical level of the Tron blockchain, and TRC20 is used when Tron is used to provide or create TRC20 tokens, based on the implementation of smart contracts,when Tron is used to issue or create TRC20 tokens

The TRC20 can futher additional logic that is absent in the TRC10 . In addition to these, TRC 20 has a larger bandwidth and power than TRC 10. Therefore, Here TRC 20 takes the most important positioners. Many people use it.

02 Explore Coinmarketcap.com to indicate the range, coinmarketcap and circulating supply of STEEM and TRX

Coinmarketcap is one of the most reliable sources when it comes to cryptocurrencies, there we find an updated ranking of digital currencies, their price and market capitalization.

• STEEM

When the STEEM coin is captured in coinmarketcap, it is located with the following information:

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• Rank: 329
• Price: $ 0.4211
• Coinmarketcap currently : $166,301,884
• Circulating Supply :394,951,699.00 STEEM

• TRX

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• Rank: 25
• Price: $0.07928
• Coinmarketcap of a Coin : $8,076,971,300
• Circulating Supply : 101.87B TRX

03 What exchange are you familiar with where both STEEM and TRX are listed?

• STEEM

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• TRX

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STEEM and TRON are among the top exchanges listed, the most popular being Binance, Poloniex and Kucoin. But I use binance.

_{Screenshot by binance}

04 Does it cost a fee for STEEM and TRX transactions?

It depends on the exchange, the cost of the fees. Steem's transaction within your blockchain does not require any fees.
For Tron, the transactions that are carried out in the Tron link application do not require a transaction fee, the Tron blockchain what it uses is a bandwidth that is used as a force to carry out transactions within its blockchain.

For other exchanges the fees vary.The cost of transaction varies within each blockchain. But is a familiar binance to me.

_{Screenshot by binance}

_{Screenshot by binance}

05 How important is the use of Memo when transferring STEEM from Steemitwallet to an Exchange wallet?

It is of vital importance, the use of the memo, since if you do not place it, you lose the your (funds)steem or tron.(You will lose your money).

06 Do you essentially need a similar note to transfer STEEM from Exchange wallet to your Steemit wallet?

The most important thing here is to put the name of your steemit as Address (ex; oshimadu) Here the memo is not important, even if a blank is applied it does not matter. The most important is the name of the steemit account.

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The exchange's wallet always gives the warning to place a memo number or a label, since otherwise the funds may be lost.

07 What is the different ways to optimize mining rewards using TRX on Tron Ecosystem?

The different ways to optimize mining rewards using TRX, are through Sun.io, it is a dedicated DeFi segment on Tron that connects different Tron decentralized finance projects, stake mining, self-government, etc.

You can earn a premium on the Sun network in addition to participation mining and liquidity mining. Sun.io has successfully completed the Mining of the Century according to the schedule defined to the satisfaction of Decentralized finance traders / stakeholders.

The first is to issue other “tokens” for the TRC20 network and the second is to be part of the SUN governance. The user can establish two forms of operations, block other cryptocurrencies of the TRC20 network to mine or to obtain various tokens.

Sun.io has also launched genesis mining and governance mining with a SUN 5 billion commitment.30% of SUN 5 billion goes to Genesis mining and controlled mining in the first three months

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_{screenshot by sun.io}

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_{screenshot by my tron wallet}

• Conclusion

Steem and Tron blockchain have become platforms with excellent benefits and ease of use for users, we can handle and carry out a wide variety of transactions using all the tools available in their ecosystems, so it is very important to educate yourself on their operation. at the time of carrying out transactions (such as the use of memos), the markets where they are traded, and their quotation in real time (coinmarketcap).

Thanks.

@ oshimadu