Crypto Academy Season 4 Beginners' course - Task 1: Tron Ecosystem| Homework post for Professor @sapwood. By @vibrant6689
QUESTIONS
WHAT IS TRONLINK AND WHAT IS TRONSCAN?
WHAT ARE IT'S USES?
HOW DO YOU VERIFY A TRANSACTION STATUS[Including TimesTamp, Resource Consumption(Bandwidth & Energy NoS of Confirmations) USING TRONSCAN-- examples, screenshots?
WHAT ARE THE DIFFERENT DAPPS CAN YOU EXPLORE USING THE TRONLINK WALLETS?
MAKE A TRANSACTION(a micro-transaction) WITH JUSTSWAP or JUSTLEND USING TRONLINK WALLET?Screenshot?.
WhaT IS TronlinK AND WhaT IS TronscaN?
TronLink
The CEO and creator of the tron blockchain is Jusitin Sun, in the year 2017. Since then Under his monitor, the blockchain had withnessed a significant growth to this day.
Tron was a project under the Ethereum ecosystem which later parted it's way for sake of autonomy, thus forming it's own blockchain ecosystem (TRON).
2018 and 2019 was when Tron acquired it's BitTorrent and Pholiniex respectively and in 2020 was the steemit Inc. All these as a result, has led to a massive growth of the Tron ecosystem, hence, the need to create a link between these systems was necessary.
Hence, It will therefore be right to note that the decentralized Blockchain wallet of the tron ecosystem is the "TronLink", which makes it easier to access other appointments on same Tron blockchain network.
Other features that TronLink has are iOS, Chrome, Android which are extension that it uses to link/connect website's contents to create a site that can be used to process transaction
It's good to know that TronLink has no geographical limitations. It's compatible with TRX, all tokens of TRC-10 and TRC-20. It can be used worldwide
Further more, TronLink also makes various important features known to the users. Such features are,
• Voting rights, which is important to unbiasedly engage users as they make their own contributions for the growth of the system,
• Freezing and unfreezing of their tokens, etc.
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Tron Scan
Tronlink in simple explanation is the first Tron ecosystem's official blockchain explorer. It's Ability to Successfully run transactions of Tron token is because of it's possession of wallet which is built into the web which also permits interaction of the Decentralized applications on the network.
Hence, the search engine of the Tron ecosystem is the TronscaN. It has a well structured database that permits users to verify transactions done in the system.
WhaT Are The UseS Of TronLink AnD TronscaN?
Uses Of TronLinK.
• Link:
Just as the name implies, one of the major uses is to Link all the smart contracts and in the system.
• Interaction with Decentralized Apps:
a very important feature that enables users to interact with Dapps, examples ChainZ Arena, JustLend, TronLending, Justwap etc.
• Storage
TronLink has a feature that makes it possible for Tron token owners to import wallet and store. Creation of multiple wallet is also possible.
• Transaction.
Tronlink is used in the transaction of TRX, and all Tron tokens like TRC-10, and TRC-20.
Uses oF TronScaN
• Deployment of contract
Contract deployment in the Tron ecosystem can also be done using Tronscan.
• Verification Of Transaction
During transaction, the Tronscan can be used to perform various roles like, verify transactions, check transaction hash, validation of wallet address, check date and time of transaction, review transaction status.
• Explore Genesis block
Genesis block is a deserving name that is given to block that existed first in a blochain before the emergence of other blocks. You can aswell, call Block 0. Tron has its own Genesis block and the Tronscan can be used to explore it.
• Creation of Token
New tokens can also be created with the Support of Tronscan.
• As a search engine
With the help of the Tronscan, users can search for different information.
This is it's primary use.
HOW DO YOU VERIFY A TRANSACTION STATUS[Including TimesTamp, Resource Consumption(Bandwidth & Energy NoS of Confirmations) USING TRONSCAN-- examples, screenshots?
The various processes involved in transaction status verification are as follows;
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⏩1. You need to access tronscan by logging into https://tronscan.org#/.
Then it will take you to first interface 👇
S
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⏩2. Now, we are supposed to enter the transaction hash on the search bar at the top to verify it, but since there is no recent hash, we will just scroll down, select the latest transaction and we will have all these informations displayed;
• Hash = 9cb29bd2673b00bda3fbf318f35522806c8bdba13625c704f7b4ca002a5ee51a
• Block height = 33690353
• Transaction status = unconfirmed
• Time = 2021-09-14, 02:48:33
• Consumed Bandwidth = 271
• Address of sender and receiver
See image👇
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WhaT ArE ThE DifferenT DAPPS CaN YoU ExplorE UsinG ThE TronlinK WalletS?
Just as I pointed out earlier as regards one of the uses of TronLink, it is that it permits it's users to interact with DApps.
They are not less than 34 DApps in TronLink, ranging from:
• Exchanges DApps = 11
• Games DApps = 12
• Other DApps = 11, in summation would be a total of 34.
Let's see some of them,
Exchange DApps.
Exchange Decentralized applications are avenues where user can swap or exchange tokens.
As we already know, the number of Exchange application that runs on TronLink are 11.
Exchange DApps
TronLending
This is a Decentralized application of Tron which grants users easy accessibility to Tron resources at a very minimized cost.
Other DApps
Some of the advantages of TronLending are;
- Fast Purchase Speed
If you compare using TronLink to Purchase energy to other methods, you will realize that TronLink is very faster.
- Reusing of Energy
Purchasing energy resources using other TRX more like one off thing, it cannot be reused, but you energy bought using TronLink is reusable since it recovers gradually.
- Affordable rate
Unlike other sources, using TronLink to acquire your sources/energy is usually at cheat rate.
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Game DApps
12 game DApps just as I earlier stated is in found on TronLink.
Example among them is;
- Chain Arena
Chain Arena is a cross-blockchain application that operates on three blockchain which are EOS, ETH and Tron systems.
This is a unique Blockchain application as it is a cross-blockchain application which runs on 3 Blockchain namely Tron, ETH, and EOS systems.
Good thing about chain Arena is that, players do not only play a game for fun, but they also earn token from all 3 currencies while catching fun.
Game DApps
MakE A TransactioN(a micro-transaction) WiTH JustSwaP or JusTLenD UsinG TronLink WalletT?Screenshot?.
For me to carry out this task, I will be making use of Justswap for the transaction with my mobile phone. And also, mobile link don't work on Justwap.
Steps in carrying out the transaction are;
⏩1. Since Justwap is an application that is built in a TronLink wallet application, so for me to swap I will need to access TronLink first
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⏩2. As it has opened, I clicked on the Swap icon below the amount of Tron in the wallet. A new page poped up displaying USDT at the top right and TRX at the top left.
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Then to do my swapping, at the spaces provided, I filled in the amount I want to swap. I'm swapping 3TRX to USDT, So I put it there.
⏩3. After filling the amount, I clicked on the instant swap icon below the page. I clicked on instant swap.👇
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⏩4. A confirmation page popped up, I then clicked on confirm at the down side of the page.
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⏩5. When I clicked on confirm, a new page popped up which required my password, I inputted my password and clicked Done. And it was successful.
NOTE, all the images in the last question via micro tron transaction are screenshots from my TronLink wallet account in my phone
CONCLUSION
The uniqueness of the Tron ecosystem is very obvious. A single platform that contains enomous DApps providing users needs with utmost satisfaction.
It's possession of wallet which is built into the web is another massive breakthrough as it helps it to comfortably run transactions of Tron token and as well promote synagetic operation of the various DApps in it.
Necessity been the mother of invention was the reason the arrival of TronLink is a welcome idea, so that all the divers DApps in the system won't run in isolation.
Respect to professor @sapwood for the wonderful class, it was really educating.
CC.
professor @sapwood