Blockchain and Cryptocurrency Advanced - Demonstration of How to Stake/freeze Trx and Vote for SRs

Staking TRX

To demonstrate how to stake TRX, I will be making use of the tronlink wallet browser extension wallet. To do this, I will launch the tronlink wallet

Next is to click on “Stake”

After that, tronlink will automatically launch the tronscan interface with my wallet connected to proceed with the staking process.

Next, click on obtain

On the pop up box, by default it is set to Tron power and bandwidth. Input the amount of TRX you want to stake on the tron network. For me, I inputted 5 TRX.

Next is to click on the check box icon to authorize the confirmation.

After that, click on “Stake” to proceed with the staking

Next is to execute the transaction by signing smart contract transaction on tronlink wallet. Click on sign

Done, the TRX have been successfully staked on the tron network. Click OK

Voting for SRs

To demonstrate how to vote for SRs, I will be making use of the tronscan platform and tronlink wallet. To do this, I will be connecting my tronlink extension wallet to tronscan. To do this, I will first visit the justswap platform at https://tronscan.org

To connect my tronlink wallet to tronscan, click on “Connect Wallet”

_{Screenshot from Tronscan}

Next, from the wallet connect options, I choose tronlink and clicked on connect

After that, the tronlink wallet will be connected to tronscan platform

Next, to begin the voting process, click on the “Governance” tab at the top

From the Governance drop-down options, select “Votes”

Next, click on Vote

Next, select the SR you want to vote and click on the + to add the quantity of votes. For this, I chose BinanceStaking which is ranked number 1 on the list and added 1 vote.

After that, click on “Voting”

Next is to execute the vote transaction by signing smart contract transaction on tronlink wallet. Click on sign

Done, the vote has been submitted successfully. Click OK

Tron blockchain network has proven to be one of the top blockchain networks at the moment with a lot of decentralized applications built on it and use cases. When it comes to consensus mechanisms, the proof of stake and delegated proof of stake are some of the two most popular consensus mechanisms behind proof of work. Tron blockchain is one of the blockchains that make use of the delegated proof of stake and has proven the benefits of proof of stake with its governance, fast transaction speed, energy efficiency and low transaction fees.