Things are developing fast at Tron (TRX), as it usually happens. Over the last few weeks, three of new Tron’s features have created a lot of expectation but also doubts so in this article we’ll explain to you about Tron’s power, its energy and the Tron SR voting feature.
What are Bandwidth and Energy?
Every blockchain project is based on the same principles, as established by Satoshi when he first launched Bitcoin, so they’re all similar in some ways. But some projects (especially the newer ones) make a point of being innovative and giving their users new features that provide them with some kind of advantage. Tron has been very emphatic on this.
Take the “Freeze” function. If you have a TRX (Tron’s coin) wallet, you can freeze your wallet, if you so wish. This means that your TRX coins will be locked down for a few days so you won’t be able to trade them or sell them until the freezing finishes. But freezing will get you access to some resources in the network that allows you to do more things. Namely bandwidth and energy. Then bandwidth will enable you to vote.
Bandwidth: Bandwidth isn’t free in most blockchains you have to pay for it using the network’s token. That is known as the “gas price.” If you have Tron’s Bandwidth, you don’t have to pay gas to perform transactions within the Tron Main Net.
It is a critical resource when you need to use Tron’s decentralized apps in which you could need to perform several transactions while using the app without being worried about running out of tokens. It also gives you prestige as an active member of the Tron Community. That gives you the right to vote for the project’s super representatives.
Energy: This is the resource that allows you to process smart contracts on the Tron network. Smart contracts need energy besides bandwidth so to make it work you need to own enough or both (or to pay the gas price).
Voting for Tron Super Representatives using GuildChat
Casting a vote for Tron’s super representatives was not easy at all. It was rather long and complicated because you had to go to a specific website using some specific browsers that, additionally needed particular browser extensions. Now you can do it using GuildChat following these simple steps:
- Go to Me, then to Wallet, and tap your chosen TRX wallet.
- Tap on Freeze. Then choose the number of tokens you want to freeze.
- Select if your freeze will be for either energy or bandwidth. Just keep in mind that only bandwidth freezes allow you to vote for super representatives.
- Find the gear icon (top right) and choose the vote option.
- Find the candidate you want to vote for and cast your vote.
It’s really quite easy to follow even without pictures.
Tron continues to be innovative and offer choices and new features that you can’t find in any other blockchain project. The community and leadership always deliver on promises, and the network’s performance has surpassed all expectations, despite all the skepticism it faced in the beginning. Keep an eye on Tron and Justin Sun; you probably won’t be disappointed.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of StartupStockPhotos/PixaBay
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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
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