Crypto Academy Season 5 Beginners' course - Task 1: Tron Ecosystem
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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?
Greetings everyone, I would like to express my heartiest welcome on my homework task 1 of Tron Ecosystem. I will be sharing complete details by answering each question. So, let’s get started.
What is Tronlink and what is Tronscan? What are its uses?
TRONLINK
You can think of Tronlink as your bridge to accessing decentralized applications on the Tron Blockchain. It was first launched as a google extension but later it was introduced for Android, iOS, Firefox, and Huawei Harmony OS users as well. By using it, you can easily make your preferred transaction via the Tron blockchain quickly and without any inconvenience.
Since Tronlink is the first wallet from the TRON Foundation, it comes with some of the best features due to which it is considered as the top options. It can support the transactions of TRX, TRC-10, and TRC-20 tokens. It provides a seamless experience due to its simple and sophisticated interface. Plus, every user gets to free and unfreeze the voting. Therefore, you can explore Tron Ecosystem by creating an account at Tronlink.
Uses of Tronlink
- With the Tronlink wallet, you can make a transaction of any Tron token like TRX, TRC10, and TRC20.
- You can connect with any DApps that are built on the Tron network.
- You can easily get insight into your assets and know all about the transactions.
- It allows you to make as many transactions as you want without any hindrance as its network can make multiple exchanges within seconds
- You can earn new tokens through various means.
TRONSCAN
Tronscan is said to be the first block explorer decentralized website where you can know everything about Tron Blockchain. It serves different purposes in support of users. You can learn about blocks, accounts, transactions, or anything that is related to Tron Blockchain. In addition to that, it works faster and the gas cost is also not that much as compared to others.
Uses of Tronscan
- You can check whether a wallet address is valid or not.
- It provides accurate time, date, and status of a transaction including sender and recipient address.
- It works as a search engine for Tron users.
- You can stake your TRX and earn rewards.
- It allows users to purchase or sell ERC-20 tokens from a wide range of options.
How do you verify a transaction status(including timestamp, resource consumption(bandwidth & energy), nos of confirmations) using Tronscan-- Examples, Screenshot?
It is very easy to verify a transaction using Tronscan. The entire process can be easily done in just a few simple steps. I have mentioned all those steps with a screenshot so that you can follow each of them and get complete transaction details:
- Visit the Tronscan website and enter the hash address in the highlighted search bar and click enter.
- Once clicked, it will show you all the required details like timestamp, consume bandwidth, number of confirmations, and much more.
- That’s how you can verify your transaction using Tronscan.
What are the different DApps can you explore using the TronLink wallet?
There are hundreds of DApps that are built on Tron Blockchain. If you have an account on Tronlink wallet, then you can easily access those apps and get to use them according to your purpose. There are a lot of projects but I will share the most popular ones with you.
STEEMIT
Steemit is one of the fastest-growing decentralized social media platforms with around 1,238,717 registered users. It is built on the Steem blockchain and gained global attention by rewarding users according to their content. Later, it was acquired by Tron due to which it is now considered as DApp of Tron Ecosystem.
WINk
Wink is another decentralized app that is built on Tron ecosystem. It is all about gaming, interacting with other players, and staking WINk token through which users gamble in various games like Miami Bonus Wheel, Monopoly, Temple of Heroes, Cash Quest, and others.
SUN.io
Sun is considered as the Bitcoin in the Tron ecosystem. It was founded by Justin Sun who also created Tron. This DApp covers insurance, liquidity, decentralized lending, and much more. Plus, it supports stable coin swap, token mining, and self-governance. Thus, it is a worthy competitor to most of the Defi platforms that are built on the Ethereum blockchain.
Make a transaction(a micro-transaction) with Justswap or JustLend using TronLink wallet?Screenshot?
Now I will deliberately show you how easy it is to make a transaction through Justwap. It is not difficult at all as all you need is to follow a series of below-mentioned steps and you will be all set to make your desired transaction:
- Log into your Tronlink wallet.
- Visit the Justswap website and connect your Tronlink wallet to make your transaction.
- Select the token that you want to swap into. I will make a transaction by swapping TRX into SUN. Plus, it will show the total number of tokens that you will receive after the transaction.
- It will ask you for the confirmation of the transaction. Click on “Confirm Swap” if you want to proceed with it.
- That’s how you make a transaction with Justswap.
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Thanks Professor. I received reward 🌹