Crypto Academy Season 4 / Beginners' course - Homework Post for @sapwood / Task 1: Tron Ecosystem
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Hello lovely Steemians..... Y'all are welcome to to my homework post for @sapwood in the beginner's level.
Special appreciation to @sapwood for this great lecture.
Here is my entery below.
Question one;
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?
What is Tronlink?
Tronlink is a tTron wallet that acts like a browser extension, serve as an entrance point into the Tron blockchain, users easily gain entrance into the tron ecosystem through the Tronlink and there after can communicate with the dApps of the tron blockchain. Tronslink simplifies the use of the Trons blockchain and. It also make it accessible.
Source
Uses of the Tronlink
The Tronlink is used to users tokens securely and it is also used for transaction purposes.
Tronlink is also used by users to participate in smart contracts and voting activities on the tron blockchain.
Tronlink simplifies the tron blockchain for users and make it accessible and easy to communicate with.
The tron blockchain uses the tronlink to power other things like applications, gaming etc.
What is a TronScan?
Tronscan is a block explorer and as a block explorer, it is used as a search device to get informations of a particular network on the blockchain. The informations produced by tronscan are usually organized and readable.
The Tronscan is Tron blockchain official and number one block explorer.
The uses of the Tronscan are as follows:
Tronscan is used for the creation of tokens.
Tronscan is used to check the validity of a wallet address.
It is also used to to know the status, date and time of transactions.
It is used also to know cost of every transaction and users wallet balances.
How to verify transaction status using Tronscan, including no’s of confirmation, timestamp, resource consumption
I got to my browser and enter the website tronscan
Then input the transaction ID in the search box.
In this case I will be verifying a random transaction since I don't have any transaction ID in mind.
When I clicked on the random transaction, all the transaction details appeared.
Screenshot from tronscan
Screenshot from tronscan
Screenshot from tronscan
All the screenshots above illustrate how to verify status of transactions, timestamp, number of confirmation, and resource consumption using Tronscan.
What are the different dApps you can explore using Tronlink wallet?
The different dApps (decentralized applications) connected to the Tronlink wallet, a few but to mention are as follows :
JustSwap
The Justswap is the first dApps on the tron network. It is an exchange protocol that allows users swaps/exchange Tron tokens within the tron family.
Sun.io
the sun.io is a decentralized finance (DeFi) that runs on the tron blockchain. Sun.io is used for stake-mining, stable coin swapping, and self governance on the tron blockchain.
There are different pools in the sun.io, they are;
- The Stake Sun pool
- The Stake and Lock Sun pool
- The SUN-TRX LP
- The 3 pool LP
JustLend
the Justlend is another dAPPs that is connected to the Tromlink wallet. It is the official platform on Tron Blockchain used for lending, also the platform is used for borrowing of assets. Users also deposit assets and earn on the platform.
JustLend have the supply and borrow pools and these pools works in regards to supply and demand.
On the JustLend platform, the lender which is also regarded to as the supplier get paid an interest while the borrower which is the demander pays an interest rate.
The interest rate on the platform is not fixed, they increase or reduce based on liquidity strength.
The JustLend consist of different kind of markets and they are thirteen in number, they are; ETH, TRX, USDT, SUN etc.
Poloniex
The poloniex is an exchange platform, where user purchase and sell their digital assets such as ETH, BTC, TRX etc.
The poloniex platform is user friendly and it minimize the risk of hacking by allowing users to deposit and store their asset in an offline cold storage.
Make a micro transaction with Justswap or JustLend using Tronlink wallet?
Transaction with justswap
To begin the transaction process, I logged into the Justswap website
Then I clicked on connect to wallet.
Screenshot from JustswapI selected Tronlink wallet to connect to it.
Screenshot from JustswapI successfully connected to Tronlink, and thereafter I filled in the amount and token to be swapped and then clicked on swap (1 TRX to be swapped to SUN)
Screenshot from TronlinkI clicked on confirm swap to continue the swap process.
Screenshot from TronlinkThe Swap process was completed as seen on the screenshot below.
Screenshot from Tronlink
Conclusion
The lecture was really impactful, I learnt a lot as I now have knowledge of how a perform a swap transaction with Justswap using Tronlink.