Crypto Academy Week 2 Homework Post for @yohan2on

Hello steemians , I hope you all are doing very well.
In this post , I am here to submit my homework task which I have carried out as required by @yohan2on crypto professor.

Explain at least one Dapp on the Tron Blockchain.

What are Dapps?

Dapp is the abbreviated term for decentralised applications . Just as any developer can build apps for the app Store on Apple's IOS operation system , Developer can also build on top of etherium blockchain infrastructure .

To the end user a Dapp might not look and feel any different than other apps we used today. . However Dapps are powered by the blockchain and this makes them different and perhaps and perhaps far superior.

Decentralized applications (dApps) are digital applications or programs that exist and run on a blockchain or P2P network of computers instead of a single computer, and are outside the purview and control of a single authority.1

A standard web app, such as Uber or Twitter, runs on a computer system which is owned and operated by an organization, giving it full authority over the app and its workings. There may be multiple users on one side, but the backend is controlled by a single organization.

DApps can run on a P2P network or a blockchain network. Time are applications that run on computers that are part of a P2P network, whereby multiple participants are consuming content, feeding or seeding content, or simultaneously performing both functions.

2-What is Tron or Tron blockchain?

Tron founder and CEO has a very active presence on social media and is known for his flamboyant promotion of Tron and it's products such as BitTorrent, TRX, Tron coin, Tron wallet and the blockchain blogging platform Steemit.

Tron was created in 2017 by a Singapore based non-profit organization called the Tron foundation and was designed to be a content sharing platform that utilizes P2P networking. TRON is a blockchain platform launched as the foundation for a decentralized entertainment ecosystem.

Tron TRX, us a proof of stake cryptocurrency that powers the Tron blockchain network

On June 2019 , Juntin Sun placed a record braking 4.6 million dollar bid to have a lunch with Warren Buffelt which immediately put Tron in the spotlight. And on January 2020 ,, Justin Sun and well-known litecoin founder Charlie Lee had their 4.6 Million dollar dinner with Hathway's billionaire boss.

Tron has ambitious plans to create a decentralised internet and a platform for smart contracts and decentralised apps . It's no secret Tron intends to compete against Etherium.

Tron is a censorship resistant digital currency that acts as a medium of exchange and can be sent or received by anyone in the world who has a TRX Tron wallet.Tron was created in 2017 by a Singapore based non-profit organization called the Tron foundation and was designed to be a content sharing platform that utilizes P2P networking.

Tron network tokens

TRX
TRC10
TRC20

Back to the Question.!

Q. Explain at least one Dapp on the Tron Blockchain.

There are many popular Dapps in Tron blockchain.

JustSwap

JustSwap is TRON’s first decentralized token exchange protocol and it allows users to make instant exchanges between any TRC-20 token pairs. Along with that on this platform you can contribute to TRC20 token pair liquidity pools to earn passively.

This app was launched by JUST which is a foundation committed to develop TRON-based DeFi protocols and explore the potential of DeFi on the TRON network.

How do I connect to a Wallet?

Homepage of JustSwap

Step 1. Click Connect to a Wallet on the top left of tool bar.

Step 2. Choose TronLink Wallet

Step 3. Enter your password & log in to your Tron link wallet . Choose account you want to connect.

Step 4. Your wallet will connect successfully. Check you Wallet address and TRX balance.

Key Features of JustSwap

Instant exchanges between TRC20 Tokens
Infinite Liquidity
Fast and Convenient
Accessible to All
High Returns

How it works?

JustSwap is an automated liquidity protocol. It allows instantly exchange between TRC20 Tokens. There is no need for making offers or matching orders, and there is no intervention of any organization or centralized establishment in the transaction.

Justin Sun CEO of TRON Foundation said, JustSwap will have 200 times lower and faster fees with instant payments.3

Cc:-
@steemitblog
@steemcurator01
@steemcurator02
@yohan2on