Home Work Task of Tron Fan Club Tutorial || About TRON Blockchain
Today i will share My Homwork task in Tron Fan Club Community. This task @engrsayful discussed with us About TRON Blockchain. I have learned a lot about TRON Blockchain from @engrsayful lecture.
Steemitblog has given us an announcement of 2020 where we found out that we know the details about the merger of steemit and TRON. We know that the person who writes a post on the steemit platform is called (author) and the person who votes for the author's post is called (curator). And according to the rules of steemit platform before 2020 (author) would get SBD and Steem as reward and (curator) would get as Steem reward.
But after the announcement in December 2020, they told us that both (Author) and (Curator) would receive the same amount of SP award as TRX. That means both (author) and (curator) will be awarded TRX in a 1: 1 ratio. And we know that TRX is the native token of TRON Blockchain, we can trade TRX on different exchanges.
We can create TRX wallet using steemit platform, I will show below the steps to create TRX wallet.
STEP-01: Create a new TRON Wallet, we need to go steemitwallet.com. then login steemitwallet.com using my username and Active key.
STEP-02: after login my steemitwallet.com then you need to click "Craete New TRON Account"
STEP-03: Then when i click "Create & Download", Automatically download a pdf file. this pdf file need to save carefully.
STEP-01: LINK AN EXISTING TRON ACCOUNT , we need to go steemitwallet.com. then login steemitwallet.com using my username and Active key.
STEP-02: after login my steemitwallet.com then you need to click "LINK AN EXISTING TRON ACCOUNT"
STEP-03: Click confirm button.
STEP-04: paste my TRON Account address and click confirm.
STEP-05: paste my Active Key, Owner Key and click confirm.
Tron blockchain has Super Representatives, Super Representatives Partner and Super Representatives candidates, they are elected by ballot. Those who vote from 1 to 27 are called Super Representatives, those who vote from 28 to 127 are called Super Representative Partners or SR Partners. And those who could not stay from 1 to 128 through voting are Super Representatives candidates.
Tron is in charge of 27 super-representative mining in the blockchain. They act as block producers in the network, Super Representative is the main block producer in the TRON network. Most of the 27 super-representatives have stacked TRX, there is no obligation to stack your own TRX to be super-representative. Super-representatives receive awards for mining. The rewards that are reserved for them are distributed among them proportionately.
Since the Super Representative is elected by the electorate, anyone in general can vote. If you want to vote, you have to freeze TRX. Who can vote for Super Representatives through TronLink Wallet?
We have learned that Super Representatives get rewards for mining. And at this stage we will discuss how much reward the Super Representative gets for mining.
Block Production Rewards:
We Know,
Super Representatives (SR) will get Block Production Reward for each block is 16 TRX.
Per 3 second produced 1 Block.
So, 7200 blocks are produced in 6 hours.
Super Representatives (SR) will get 20%
So,
7200 x 16 TRX = 115,200 TRX
27 Super Representatives (SR) Get 20% = 23,040 TRX
Each Super Representatives (SR) will Get 23,040 TRX / 27 = 853.33 TRX
Voting Rewards:
We Know,
Super Representatives (SR) will get Voting Reward for each block is 160 TRX.
Per 3 second Produced 1 Block.
7200 Blocks are Produced in 6 hours.
Super Representatives (SR) will get 20%
So,
7200 x 160 TRX = 1152000 TRX
27 Super Representatives (SR) Get 20% = 230400 TRX
Each Super Representatives (SR) will Get 230400 TRX / 27 = 1814.17 TRX
We see that, Each Super Representatives (SR) will Get 853.33 for Block Production Rewards and 1814.17 TRX for Voting Rewards.
Super Representatives (SR) will Get Total Rewards is (853.33+1814.17) = 2667.5 TRX
Finally, I would like to say that these issues are very important in TRON blockchain. I would like to express my gratitude and appreciation for giving us this task. Because even though I have a little idea about TRON, I have been able to get a rough idea about this task.