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
INTRODUCTION
In 2017, Tron was discovered by Justin Sun. Tron is a decentralized blockchain, developed with the aim to give ideal smart contract. Tron is a cost effective Blockchain that facilitates the sharing of digital content.
Tron has its official wallets known as TronLink, different dApps like JustSwap, JustLend and sun.io can be explored through TronLink. This product helps to buy, sell, swap, stake votes for gains and asset transferring and this product are related to each other to support and give stability to Tron ecosystem.
WHAT IS TRONLINK?
Tronlink is a Tron wallet which is officially recommended by Tron blockchain that has access to the Tron Ecosystem. Tronlink is a perfect 3.0 web all-in-one wallet that supports TRX, TRC20 and all TRC10 tokens which enable partake in mining SUN token in sun.io.
Tronlink is powered by smart contract enabling users engage with the application program that runs on a blockchain or network of computers. Trustlink is supported in Androids, iOS, Huawei, HarmonyOS, Chrome Extension.
WHAT IS TRONSCAN?
Tron is the first official Blockchain search engine of the Tron smart contract blockchain. Tronscan is a blockchain wallet search engine which facilitates sending, receiving and managing TRON token from one computer application program network that runs on a blockchain to another
WHAT ARE THE USES OF TRONLINK & TRONSCAN?
TRONLINK- is used as:
- all-in-one wallet that serves as gateway to interact and explore the Tron ecosystem.
- It creates room fort users to engage in other decentralised application in the Tron family like JustLend and Justswap.
- TronLink supports token like TRX, TRC-10, TRC-20 tokens, and gives users opportunity to participate in governance freezing and unfreezing.
TRONSCAN is used in;
- checking the validity of a wallet and transaction status, whether the transaction is successful or not, date and time which a transaction was performed.
- Indicating the address to which token was sent to and the address of which the sender of the token.
- Indicate charges for transaction performed, display wallet balance, show history of all transactions performed serially on spendings on smart contracts.
- also support some of the functions of the TronLink like governance and token creation.
How do you verify a transaction status(including timestamp, resource consumption(bandwidth & energy), nos of confirmations) using Tronscan-- Examples, Screenshot?
To do the above
- Visit Tronscan official web Address which is https://tronscan.org/#/
- Check on where transaction status is displayed with all information that has to do with transaction.
- Clicking on random transaction which will leads you to where the transaction status, nos of confirmation, sender address, recipient address timestamp and resource consumption are all displayed.
The above screenshot shows how to verify your transaction status and nos of confirmation, time-stamp resource consumption in Tronscan.
What are the different dApps can you explore using the TronLink wallet?
In TronLink wallet there are different decentralized application like Justswap and JustLend which connects and interacts with the TronLink wallet.
The above picture shows various dApps that is supported and can be expired by TronLink Wallet
- JustSwap
Is a decentralized exchange of Tron blockchain which aid users to have open financial access to swap tokens like TRX, TRC-20 to other users
- JustLend
Is a decentralized financial application where user can borrow, lend, deposit assest and earn interest from it. JustLend has two pool which are supply pool and borrow pool, these pool is based on the demand and supply, when liquidity is higher in the supply pool and the demand for the token is lower then the interest rate decrease, then when liquidity is lower in the supply pool and the demand for the token is higher than the interest rate increases. Therefore, for a borrower to borrow any assest, you will need a collateral which is the Jtoken.
- POLONIEX
Poloniex is a crypto exchange that aid users buy crypto with their debit or credit card. Poloniex support both basic and advanced trading outlets. Paying trading fees with your Tron balance you are entitled to get a 30% discount on your trading fee. Some of the crypto supported in Poloniex are TRX, EOS, BTC, XRP, ETH, LTC.
- SUN.IO
Sun.io is also a decentralized financial application for coin swap, stake mining, self-governance of Tron. The the sun.io offers three stable coins (USDJ, USDT, TUSD) needed to stake to get 3 LP and for further staking to mine SUN token, when you supply SUN and TRX token to the liquidity pool in the just swap, you will be given SUN-TRX LP token which you can use to stake in sun.io to mind SUN token.
Make a transaction(a micro-transaction) with Justswap or JustLend using TronLink wallet?Screenshot
Using TronLink Pro mobile app. I was able to carry out this transaction through the following the steps below
STEP 1
After opening the TronLink app, clicked on the Swap icon
STEP 2
Input the number of Tron to be swapped to SUN token as desired and click on Instant swap icon
STEP 3
Click on the Confirm icon to confirm the transaction.
STEP 4
Input your password and click on the Done icon
STEP5
Finally, the transaction indicates in the Record display status, if the transaction is successful pending or failed.
The above analysis using screenshot pictures are steps taken in the TronLink mobile application to carry out transactions like swapping one token to another, example swapping TRON to SUN token
CONCLUSION
Having knowledge about what Tron Ecosystem which includes TRX, TRC-10, TRC-20, various Tron wallet like the TronLink, Tronscan, extending to their uses and how to perform transactions with the decentralised application which are explored using TronLink is very paramount. With Pictures, which aid identifying and marking out various features in the Tronscan and TronLink gives more illustration and knowledge on the functions of various features, these gives users confidence on how to explore the Tron Ecosystem.
Cc; @sapwood
Apart from the picture I sourced because it was borrowed, All other pictures and screenshot are mine and was designed using mobile phone photo-editor and canva.com