Crypto Academy / season 4 week 7- Homework Post For [@yohan2on]- Governance of tron ecosystem.

Hello everyone hope you all are fine and safe. Today i attend one more lecture by professor @yohan2on which is about Governance of tron ecosystem. Now i am going to submit my homework post for this lecture, let's start:

Who are Super Representatives, SR partners and SR candidates? (The Governance of the TRON Ecosystem)

Before going to above topics first i will talk about tron ecosystem. Tron ecosystem was established by Justin sun who us owner of steemit also in 2017. Tron ecosystem is decentralized system and got lot of popularity within a less time. Tron ecosystem allows developers to built Dapps for any purpose like gaming , yeild farming, exchange and many more. Tron coin is the native token of tron ecosystem. As tron ecosystem is decentralized system where only two buyer and sellers are required so there is no need of any third party. For any trancation on tron blockchain it needs some resources such as bandwidith and energy. These are free and generated every day but if they are not available that may cause freeze some trx tockens for transaction. This reduces the fee for transaction in tron ecosystem. Tron ecosystem till now make lot of Dapps and this ecosystem grow throughout the world.

Tron ecosystem is secured by deligated proof of stake consensus mechanism. This mechanism is upgraded version of proof of stake. Also our steemit platform works on the same deligated proof of stake mechanisms. In this mechanism voting is done for selecting blockchain validators. The work of these validators is to create new blocks and verifying transactions. So now question rises who can can part in this voting , the user who have staked their trx tokens are eligible for this voting. Voting is carried out after regular interval of time. The top 27 users are Known as Super Representatives. Users who come after 27 rank are known as SR partners and users below them are SR candidates. Let's talk about these one by one in detail:

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Super Representatives

The work of Super Representatives is to varify transactions and package them into blocks and making new blocks. The super representatives are also tasked with proposing improvements to the TRON network. Super representatives are selecting on the basis of votes he got. For voting tron power is required and the tron power of voter depends on trx tockens frozen. One trx frozen is calculated as one tron power. Every user on tron ecosystem has right to vote for making super representatives. Also every user you have trx can became super representatives. The top candidates who got most votes will became super representatives. The number of super representatives on tron ecosystem is 27 who got most votes. For making super representatives election is done after every six hours.

Now how much rewards super Representatives get: on tron blockchain every three seconds a new block is generated. For making a new block super Representatives are given 16trx . after every three seconds SR make new blocks one by one and get these awards. Also. These SR also get a share of 160 trx for every new block. These rewards are send to sub-account and then can be withdrawal after 24 hours.

Super Representatives partners and candidates

The participates who are in the range of 28 to 127th rank in voting are known as SR partners. super Representatives partners did not make any blocks just like SR. SR partners didn't get any rewards from making of blocks by SRs but they get rewards for voting. Rewards are given to them according to thier voting rate. They can give some suggestions regarding the ecosystem.

The participates who came in the rank after the 127 are called SR candidates. These are candidates who also didn't make any blocks and didn't get any rewards of making blocks

As i already tell you that every user can apply for super Representatives form the tron blockchain. But for making application user have to pay 9999 trx.

What’s the difference between DPOS and POS consensus mechanisms?

First i will talk about Consensus mechanism. As we know in centralized system there is a central authority who is taking the data of all works on the blockchain like seeing the transactions, adding and removing data and many more. But in the decentralized system which is public and is operated by lot of people from all over the world who seeing the transactions and mining activities. For this complex system it needs sufficient mechanism for running and seeing the transactions these are things are done by Consensus mechanism. Consensus mechanism is a set of codes which done the verification of transactions and and then record them in blocks and giving mining rewards to miners. These are things are done by Consensus mechanism. In Crypto world there are many Consensus mechanism like proof of work, proof of stake and many more. In this lecture we have to talk about proof of stake and delegated proof of stake. Let's talk about them

Proof of stake

Proof of stake was designed in 2011. Proof of stake is an alternative to proof of work , proof of stake solves some problems of proof of work consensus mechanisms. In proof of stake user have to put some coins on stake to be able for varify transactions. The users are selected rendomaly bases on their total stake. Those who get the chance to validate makes new blocks in system. In proof of stake the blocks are forged. Forgers are users who validate the transactions and make bew blocks. What forger done is he put his coins at stake and then validate the transactions. After validating the transaction forger gets the transaction fee as rewards. If the forger done a wrong transaction that may cause loss to his freezen tokens. Till now proof of stake system have adopted by few coins like peercoin in future we will see lot of coins will adopt this due to its futures.

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Delegated proof of stake

Delegated proof of stake is advancement of proof of stake. Delegated proof of stake was introduced by Larimer in 2014. As i tell you proof of stake selects validators on the basis of tokens staked. The work of these validators is to see the transactions and make record of these transactions . in Delegated proof of stake the validators are selected by voting. Any user can apply for the validators for this user have to submit form and pay some coins. These validators are called witnesses. The votes are casted by user who freeze some coins and gain voting power. Blockchain like steemit, Butshares have adopted this type of mechanism. The main aim behind the making of this type of mechanism is make system fast, scalable and make more efficient. In Dpos users vote to form witnesses. As tell participates who get more votes got the rights to validate transaction.

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Now we wil talk about the difference between the proof of stake and delegated proof of stake. In proof of stake a forger is selected on the basis of coins staked and got rights to validate transactions. In delegated proof of stake voting is done in order to select the witnesses who got most votes. These witnesses also validate the transactions and get rewards. In delegated proof of stake it takes less time for validation of transactions than proof of stake. In delegated proof of stake users elect the delegates who govern the blockchain while in proof of stake system is governed by individuals selected rendomaly.

Write a Step by Step tutorial showcasing how to stake/freeze TRX and vote for SRs

Freezing the tron

We done freezing of tron so that we can eligible for voting and making of super Representatives. For freezing of tron below is the detailed process.

• First you need to install TRON link pro wallet and then make login to your wallet or sign up.

• At home page you see lot of options click on freeze option.

• Enter the amount of tron you want to freeze in order to get voting power as one freeze of tron is equal to one tron power.

• I am freezing five tron coins. Also i have three voting rights already in my wallet.

• Click on freeze tab on bottom.

• click on confirm tab after seeing the details of transaction.

• Write you password.

• you can see i have successfully freezed my five tron coins and got five more voting power.

Vote for SRs

We vote to select our CRs for this we need tron power which i tell you above how to get it.

• Open the Tron link pro wallet.

• At the home page click on vote option.

• Now select the Super Representative candidate that you want to vote. I select Binancestaking.

• Click on vote botton af bottom.

• Now write the voting amount , i selected five.

• Now click on confirm.

• Write password.

• You can see it is done.

Conclusion
This is great lecture by professor. I learn about the governance of tron blockchain in depth and also i knew the function of SRs how they play and important role in this ecosystem and i learn how to take part in voting. Every user can apply for SR also for voting user need tron power. Tron power is generated by freezing tron. ATron ecosystem is growing vary fast due to its unique features as they allow user to lunch new Dapps on their platform. Also they provide lot of features in. Their ecosystem. In coming years we will see tron ecosystem at new heights.

THANKS FOR READING.