Homework Task of Tron Fan Club Tutorial || Learn the basics of Tron Blockchain

chairulrizalx (64)in Tron Fan Club • 3 years ago (edited)

^{source Edited with Adobe Illustrator}

Hello Tron Fan Club Friends

May we always be in a healthy and happy condition

Back again with me @chairulrizalx, and it's nice to be able to write again in this community after a week's hiatus. In this post, I will follow a task from one of the Tron Fan Club community mods, namely @engrsayful, about the basics that beginners need to know about Tron Blockchain.

I think this is a good movement for members in this community to become more active in understanding basic knowledge about Tron. So that members can share more valuable information for Tron Fan Club in the future.

1). Why and How Steemit users are getting TRX?

Steem Blockchain announced in 2020 that they would collaborate with one of the largest Blockchains in Asia; Tron, the results of this collaboration provide benefits for users of the platform made by Steem, namely Steemit.

^source Steemit users will get additional rewards in the form of TRX coins in every post they make if previously users received rewards in the form of Steem Dollars (SBD) and Steem Power (SP), but now they will be received TRX as well, giving Steemians three types of rewards in each post.

The picture beside is the result of the rewards that my account received amount of 0.430 SBD, 1.398 SP, and 1.338 TRX. Steemit users will earn TRX at a 1:1 ratio, as seen in the image, and also the rewards for voting on other users' posts.

2). How can you create a TRON Account?

For Steemit users who register their account when Tron is integrated with steem platform, they will get a TRON wallet address that is given along with the Master Key, Active Key, and several other keys as a security tool for the users' steemit account.

In addition, users who want to create a new Tron account can use Tronlink and also through steemitwallet.com, here's how to create a new Tron address via steemit:

1). Go to steemitwallet.com and Log in to the user's Steemit account.

2). Scroll to the TRX menu and select Create New Tron Account

3). Then a pop-up menu will appear to create a Tron account, make sure you have read all the applicable conditions before continuing to create an account. Then select Create and Download

4). After successfully downloading, a message will appear that our Tron account has been updated, ensure that the PDF file is securely saved so that it is not lost and stolen.

The PDF file contains the Tron Public Key or TRX address, which is used to make transactions as send or receive TRX, as well as another TRON Private Key which is a vital security key that should not be shared publicly and must be kept private.

3). How can link your existing TRON account with Steemit ?

If previously we already have a Tron wallet account and want to connect it to the Steemit platform, we can do this as follows:

1). The first step is go to steemitwallet.com and login to your steemit account.

2). Scroll down on the TRX menu and select Link an existing TRON account

3). A popup menu will appear informing that before connecting the Tron address, the user has securely stored the Tron Private Key, and after integrating with the existing Tron account all rewards received from the steemit platform will go to the newly linked Tron account. Then click Confirm

4). Enter the existing Tron address that you want to connect to steemitwallet.com. Then Click Confirm

5). Then the user will be asked to sign for a link by entering a Username and Key such as Owner, Active, or Master Password to complete the signing process.

6). The image to the below shows the address of my existing Tron account which I just integrated. The Tron address that has been integrated will receive all the rewards earned from the user's Steemit account.

4). Explain Mining System of TRON Blockchain

The Tron blockchain implements the Proof-of-Stake mining method, in which the highest miners are ranked, and at Tron, the 27 persons who conduct the most TRX Staking are given the option to mine, with the list being updated every 6 hours. The 27 people who have staked the most TRX will be able to mine for the next 6 hours.

Furthermore, there is another way to do TRX Staking, which is to use the Tronlink Wallet or Browser Extension to freeze the TRX coin, which will later become a ticket to vote for the Stakeholder list; if we vote for several people who are included in the 27 rankings, then we will be considered participating in mining because they have contributed votes to the Super Representative.

5). How many TRX will be given to a SR for 6 hours mining ?

Within 6 hours of mining SR (Super Representative) will get TRX rewards from Block Production and Voting Rewards, the following is the explanation:

In the Vote Reward, 160 TRX will be given for each block produced every 3 seconds; for 6 hours there will be 7200 blocks to be produced, the calculation is {(6x60x60)/3}.

Total TRX of Vote Reward = (7200x160) = 1,152,000 TRX

27 SR and 100 partners will get 20% which is 230400 TRX
Every SR and partner will get = (230400/127) TRX = 1814.17 TRX

The Production Block Reward will be given 16 TRX for each block and SR will get 20%, total TRX from Block Production Reward for 6 hours = 7200.
the calculation:

(7200x16) TRX = 115,200 TRX
SR 20% of 115,200 TRX = 23,040 TRX
Each SR will get = (230400/27) TRX = 853.33 TRX
Total earned by SR = (1814.17 + 853.33) TRX = 2667.5 Total TRX that will be given to SR for 6 hours Mining.