Happy new week Tronics in the forum. As we awaits the the Session 7 Qualifiers Announcement, let get to learn a thing about Tron
- What is TRON staking all about
It simply by locking up your TRX tokens and take part in the TRON network and help validate transactions, most important you can earn from it too.
TRON uses a Delegated Proof-of-Stake consensus mechanism, where validators (super representatives) are chosen based on the amount of TRX staked to validate blocks and secure the network. ( You can read more on other types of consensus mechanisms we have in crypto).
So here is the thing.
When you stake your TRX, you delegate voting power to a validator on the network by assigning them your tokens.
In return, you receive a share of the rewards earned by the validator for maintaining network security.
Not done yet, let’s get to extend the lesson to basics of what Tron energy and bandwidth is about. Let find out.
- What is Tron energy
Simply it’s special resources that is mostly or best use when interacting with a smart contracts on the Tron Blockchain.
I believe we know the what smart contracts is all about?
Without big grammar it’s self executing program that automate transactions when set requirements are met.
- Just another way I can liken smart contracts in real life
Example, when you want to withdraw your money from POS or ATM and you input the amount you want to withdraw.
As far as the pos or ATM is funded with your amount you want to withdraw and your details are correct, then you will withdraw successfully.
So that is how smart contracts works, but could be more complex on the Blockchain
And when dealing with smart contracts on Tron, you will need to filled your Tron energy level to be sufficient for a complete transaction.
Example:- when sending USDT TRC20 from Dex wallet ( Tron link pro) to another, you will need energy + bandwidth
Another is for developers, building projects on Tron, will need Tron energy to save cost.
Now is the big question, especially from Tron new users
How to get Tron Energy:-
From your Tron Link pro wallet, you can see the bar of energy on left and bandwidth on right.
Both resources can be gotten via the following ways:-
-
By staking TRX for energy or bandwidth
-
By renting from Tron energy marketplace example tronenergize.com
-
By delegating energy from one wallets to other.
-
What is Tron Energy Marketplace all about
They are simple a decentralized platform or websites for buying and selling energy on the Tron network.
It enables users to trade energy for reward usually in TRX.
The marketplace is made simple to automate with ease the buying, renting, and selling of Tron energy and bandwidth for any Tron users.
One of the leading Tron energy marketplace is Tronenergize.com
So if you curious to ask,
-
Major Reasons why Tron users rent energy and bandwidth with resources
-
To reduce or get cheaper transaction cost of fees when interacting with Tron Blockchain.
Take a look at this.
Sending USDT will cost you more when paying fees with TRX, meaning you spend more TRX.
Compared to renting needed amount of Tron energy+ free daily bandwidth to complete usdt transactions
![IMG_20241111_125616|258x500]
(upload://l5et284PhcakSiPCrh2wcHcl25Z.jpeg)
But will spend less when you rent Tron energy
-
Smooth and convenient way to get both resources
-
When Tron users don’t have enough TRX to stake to cover for transaction.
Similar to when you can afford to buy a house in the city, but you can afford to rent one just for a period of time.
On the other hand.
- What is Tron Bandwidth
Its also another resources that allows Tron users to perform transactions on the TRON without incurring any gas fees in TRX.
Infact, Tron bandwidth is use for basic transaction on Tron such as sending TRX tokens.
Also to note that each Tron Link pro address is cap at daily 600/600 bandwidth which is sufficient for 2-3 daily TRX transaction.
But when finished, user get to pay gas fees in small TRX (usually 0.279 TRX per transaction, still cheap).
But users can also stake TRX for bandwidth or rent them too from marketplace but the Tron bandwidth not mostly talked about because it way more cheaper than energy.
-
Here are the important To note about both Tron resources
Tron energy and bandwidth -
Anyone can stake TRX to get either of the resources
-
Anyone can earn from staking TRX and renting their resources on marketplace or private sales
-
Both resources can be change, or modify by the Tron Blockchain overtime
-
The more you stake TRX the more resources you earn
Meaning users staking 1 TRX, 1000 TRX, 100,000 TRX earn differently. -
Anyone can delegate or share their resources to another wallet
-
Using Tron link pro wallet, this will show users require resources needed to complete a particular transaction.
-
Both resources are self recharging, meaning when completely used, the resources begin to fill to brim for next usage.
@HODL @Nweke-nature1.com @Prince-Onscolo @fabsltsa @Relate101 @TronEnergize @MorgenV @Youngyuppie @manfred_jr @SimbadMarino @Simon @Chukseucharia @Lisa1 @Andreaxino @Lil_Starburst
but I would need a help of 5k Trx to test run the practical, should I drop my addy
?
give and it shall be given unto you
Users in our automation pool will always have the first order filling priority