Steemit Crypto Academy Contest / S9W2 - All About The Tron Ecosystem

Assalamualaikum everyone.

Welcome to this post. Hopefully, all of you will be doing well and enjoying the time with the grace and blessings of Almighty Allah. Today, I am here to be a part of the week 2 contest in the SteemitCryptoAcademy community and the topic of discussion is All About The Tron Ecosystem. So, let's start the discussion without any waste of time.

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Explain what you understand by TronLink and Tronscan and their uses.

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We all know that the Tron blockchain is one of the most popular and successful decentralized blockchains in the cryptocurrency world. There are a number of projects that are based on the Tron blockchain and its most important feature is that the transaction speed is very great while the transaction fee is also very low.

Being Steemian, we interact with the Tron blockchain on a daily basis because we are also rewarded with the TRX rewards. Let's move toward the main question;

TronLink and its Uses

TronLink is actually the official wallet of the Tron blockchain and it is a decentralized wallet that offers a number of unique things that made it widely adopted all around the digital space. Storing crypto assets is the main concern of every wallet. So, the TronLink wallet also does the same.

TronLink is a web 3.0-based wallet and it is available in every version of the devices like the Andriod Application, iOS Application, and also in the form of an extension for desktops. We can easily get the respective application or extension on our respective devices.

Just like other decentralized wallets, the TronLink wallet is also backed with a private key. It means that the person who holds the private keys is actually the owner of the wallet. We can proceed with transactions with the help of the password that we set by ourselves but if we have to access our wallet on other devices, we have to use the private key.

Let's move towards the use of the TronLink wallet.

• First and the most important use case of TronLink is to store the TRX tokens (the native token of the Tron blockchain) and all other Tron-based (TRC-20 and TRC-10) tokens.

• Secondly, the TronLink wallet can also be used to perform the transactions like sending and receiving the TRX and other Tron-based tokens.

• Another important use of the TronLink wallet is that it is used to access other decentralized applications that are based on the Tron ecosystem.

• The staking of the TRX tokens can also be done within the TronLink wallet and we can get good staking rewards by staking/freezing our assets for a particular timeframe.

• Another important thing is that we can use the TronLink wallet to vote for the super representatives of the blockchain who are actually the block validators of the chain.

Tronscan and its Uses

We all know that the blockchain stores all the important information about the transactions that proceed on the blockchain. So, where the transactions are stored and how can we access them? Actually, the block explorer are helpful tools in this regard that help us to track the information of the transactions and also, see the activities that are performed on the blockchain.

If I would talk about the Tron blockchain, the Tronsacn is actually the block explorer of the Tron blockchain which can be used to get all the relevant and important information about the transactions that are carried out on the Tron blockchain.

Tronsacn helps the Tron blockchain users to view the activities that are done on the Tron blockchain, manage the accounts, explore the transactions that are proceeding out, and also access the Tron-based smart contracts. Let's move towards some uses of the Tronscan.

• First and the most important use case of the Tronscan is that it is used to get all the information about the transactions like the amount, sending and receiving accounts, time, energy consumption and transaction ID, etc.

• Another important use of the Tronsacn tool is that we can get to know about the status of the Tron blockchain like the newly created accounts, transactions carried out, and many more.

• Tronsacn can also be used to manage the Tron accounts and view the balances, transaction history, and smart contracts that are associated with that account.

• Tronsacn can also be used to participate in governance voting by voting the super representatives of the blockchain.

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Name and explain some of the different dApps that you can explore using the TronLink wallet

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As I have already said that we can easily access all the decentralized applications (dApps) that are based on the Tron blockchain from the TronLink wallet. So, I will be exploring some of the dApps from the TronLink wallet.

I will be using TronLink Chrome to perform this task. First of all, open the TronLink wallet extension and click on the dApps option present in the upper menu bar. A number of dApps will be shown before you. This is shown in the below screenshot.

I will be exploring some of the dApps that are shown in the menu. So, let's start the discussion one by one.

JustLend DAO

The first dApps that I am going to explain is the JustLend DAO which is actually a Decentralized Anonymous Organization (DAO) which is based on the Tron blockchain. This platform can be used to stake our TRX and other TRC tokens with different APR ratios.

_{Screenshots From JustLend DAO}

On the other hand, we can also use this platform to borrow the assets from the liquidity providers pools and this borrowed amount can be taken only by having some collateral amount for backup. The transaction fees, interest rates, and efficiency of transactions make this platform very much popular.

APENFT Market

Another popular dApp which is based on the Tron blockchain and can be accessed by the TronLink wallet is the APENFT Market. It is actually a marketplace for the digital assets of the crypto space and other gaming, music and video, and art platforms.

_{Screenshot From APENFT Market}

We can easily access this platform with the help of the TronLink wallet and we can proceed with the transactions of buying and selling of digital assets like NFTs and many more.

BitTorrent Chain

It is actually a decentralized blockchain platform that is used for the storage, monetization, and distribution of digital assets like files of music, videos, and other kinda media files. We all are well aware of the BitTorrent platform, so this platform also leverages that platform.

_{Screenshot Taken From BitTorent Chain}

This platform is also based on the TRON blockchain and we can easily access the platform with the help of the TronLink wallet. BitTorrent Chain also helps content creators to monetize their content on the decentralized platform rather than other centralized platforms. This platform also allows the user to stake the BTT tokens with good APY ratios.

Sun.io

Another popular dApp of the Tron blockchain is the Sun.io platform which is actually a decentralized swap and exchange platform with its own native token, SUN. With the help of the TronLink wallet, we can proceed with our activities on the Sun.io platform. It provides the opportunity of stacking different tokens with good APY rewards.

_{Screenshot Taken From Sun.io}

SunSwap

SunSwap is a decentralized swap platform that is based on the Tron blockchain and it is used to swap different TRC tokens with each other. It can also be used to stake the tokens and earn good rewards in the form of APY. On the other, the burning mechanism of the SUN tokens is also introduced by this platform recently according to which a part of the transaction fee is used for the burning purposes.

_{Screenshot Taken From SunSwap}

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How do you verify a transaction status using Tronscan? E.g., it should include the timestamp, bandwidth & energy. Screenshots are also needed.

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As I have already said that the Tronscan tool is actually the block explorer of the Tron blockchain and it can be used to get information about the transactions that we carry out on the Tron blockchain.

I will explore the details of a transaction that I have carried out some days ago from the TronLink wallet. Actually, there are many ways to check the status and details of a transaction.

We can explore a transaction by pasting and searching the Transaction Hash in the search bar of the Tronscan tool. OR, we can search the address of our wallet and explore all the tools.

Another method is to open the transaction history from the TronLink wallet and click on the View on Tronscan option present below the the Transaction Hash. This is shown in the below screenhots.

On clicking the option, we will get all the information about the transaction that is shown in the below screenshot as well.

_{Transaction Details - Tronscan}

The information obtained from the Tronscan is shown below;

Hash	b61d079f087e52dd77306764df07f1da32020445d727a216481888f508131658
From	TLHEz929hyqPREnb3PtUmZn8YrkpkNaK4F
To	TBFwMPGoSCQJXirDfh7uZTiosJdqMk289b
Status	CONFIRMED
Time	2023-04-21 20:08:06 (Local)
Block	50492111
Resources Consumed	268 Bandwidth

This is the simplest method of verifying the status of a transaction and tracking all the information about the transaction. We can also search the hash of the transaction in the search bar and get the required information. These steps are shown in the below screenshots.

_{Screenshots From Tronscan}

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Explain the process of initiating a transaction using the TronLink wallet. Screenshots and practical examples are needed.

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It is a very simple process to carry out a transaction from the TronLink wallet. I will be transferring some TRX from my TronLink wallet to my exchange wallet. The steps and screenshots are shown below step by step.

First of all, one the TronLink wallet and click on the Send option. Then, enter the address of the wallet where you want to send the funds and click the Next option.

Now, enter the amount of the TRX that you want to send and click the Send option. Then, confirm the address and amount and click the Sign option. Your transaction will be initiated.

As soon as I initiated the transaction, I opened the Tronscan to verify the stats of the transaction and it was already SUCCESSFUL. This is The beautiful thing about the Tron blockchain that its TPS is very high.

_{Verification of Transaction From Tronscan}

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Conclusions

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Tron blockchain is one of the most popular and successful blockchains in the crypto space. TronLink is actually the official wallet of the Tron blockchain which is used for the storage, transferring, and staking of the TRX and other Tron-based tokens and also access the dApps based on the Tron ecosystem. While on the other hand, Tronscan is the block explorer of the Tron blockchain that can be used to explore the transactions and also the accounts of the blockchain.

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I would like to invite my friends @malikusman1, @josevas217, @dexsyluz and @suboohi to take part in this amazing contest.

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