How to Get Energy in Tron Network

Transactions in the Tron blockchain network are paid – that’s unlikely to be surprising for you. But what about this: is in your power to cancel the fee for crypto transactions and provide yourself with a supply of free resources that are additionally required to ensure transactions in the Tron ecosystem. That sounds more interesting, doesn’t it?

Let's start with the fact that to pay for transactions, the Tron blockchain provides the ability to use the native Tronix currency in TRX tokens, as well as two types of resources - Energy and Bandwidth. The first of these resources renews energy costs for the transaction, and the second is responsible for the efficiency and number of operations, ensuring the necessary throughput.

The task of these resources is also to ensure the security of transactions, which are, among other things, the basis of smart contracts and smart contract packages in the form of decentralized applications.

In addition to the TRX crypto tokens, the blockchain has issued TRC-10, TRC-20 and TRC-721 tokens. These various token standards are used both for simple transactions (TRC-10) and for the development and use of smart contracts, as well as smart contract packages in the form of decentralized applications DApps and their variety DeFi for solving various financial problems by blockchain users. In addition to the financial sphere, decentralized applications cover almost all areas of modern life: hobbies, creativity, games, organization of marketplaces, etc.

The daily Bandwidth resource is enough for approximately 25 simple transactions (transferring funds from your wallet to another, withdrawing funds, sending within the blockchain network and outside the blockchain network).

Not all of these operations require a resource such as Energy. But if you are a developer of decentralized applications or formalize business relations and financial transactions using complex smart contracts, payment must be made for each transaction in Energy. And if you do not have this resource in your wallet or it is not enough, the blockchain will start spending your TRX cryptocurrency without warning. You are unlikely to be happy with this.

– But you promised to tell us how to get rid of transaction fees, – we hear. And here newbies make a mistake. You can’t get rid of fees, you will pay for all transactions – that’s how the blockchain works. But in addition to a free portion of Bandwidth, you can also receive free Energy, and also not risk having TRX written off from your account when the resources run out, and you need to complete development, a deal, or even a simple transaction.

To ensure that your resource supply is constantly replenished, you just need to freeze your crypto.

How to Stake Crypto to Get Energy

You don't need a refrigerator or freezer in this process. "Freezing" is the slang of stakers, who earn not only additional resources but also crypto in this way.

The term "mining" has been around for a long time, and many people are familiar with it, even if you are far from this method of earning money. Most people know that it is associated with cryptocurrency. Comparatively recently, staking was added to this method of "mining" crypto. It immediately attracted the attention of those who were looking for a way to earn money on the Internet, but did not have enough funds to invest in mining.

After all, mining requires not only free initial capital, but also a powerful technological base, access to large energy supplies. All these significant expenses are, firstly, unaffordable for many, and secondly, they make you think about possible losses, which also does not contribute to the growth of the number of miners.

Here is a small table that shows a comparison of these two methods of obtaining crypto.

Proof-of-Work (PoW)

To mine blocks, you need to purchase and hold tokens.

Somewhat more sophisticated computer hardware is required for validation if a network participant wishes to do so in order to receive TRX currency.

To extract blocks, powerful and expensive equipment is required.

Does not require any additional costs.

Requires significant additional energy consumption.

A democratic system for adding blocks to the chain by voting to select representatives for validation.

Large cryptocurrency holders influence the development of the network through voting

Complex block formation system, miners solve complex cryptographic problems.

You just need to be able to make transactions with cryptocurrency (stake, buy, transfer).

Good knowledge of technology is required.

Hacking is impossible because all information is duplicated on the computers of all blockchain participants.

To hack a network, a 51% attack is required - almost impossible, since it is not profitable.

Of course, when staking, energy costs are not as large as when mining, but they must also be constantly renewed. So, what do we need to get Energy by freezing and what is it? And this is the staking method on the Tron blockchain.

The network user blocks (freezes) the Tronix currency in TRX tokens on his account for a certain period of time. During this period, he cannot dispose of the blocked amount - the ecosystem uses it for its own needs.

Depending on the amount, at the end of the locking period you receive a certain amount of resources. Many developers and users of decentralized applications and smart contracts freeze part of the funds for a long period, almost permanently, to ensure that they have a reserve of Energy.

To get TRX, the process of locking funds is a little different, but we will talk about this in subsequent publications.

But no matter what you are going to use staking for, to lock your funds and, of course, store them, you need to create a wallet on the Tron platform.

This is the name of the wallet developed specifically for the Tron blockchain. It supports all tokens of this network: TRX, TRC-10, TRC-20, TRC-721, as well as Energy resources and Bandwidth. Yes, yes, sometimes the daily free quota for fast network access may not be enough.

Don't worry if this is your first time opening a crypto wallet - you can handle this task without any special knowledge or skills in technology. The interface of TronLink is intuitive for the user, and the application itself allows the key owner to fully control the contents of their non-custodial wallet. That is, the key of such a wallet is stored not on the server, but on your device. By the way, TronLink has versions both as a browser extension and as a mobile application for iOS and Andriod, as well as a version for personal computer.

You don’t have to pay for downloading, installing or using the basic version of TronLink. But fees for transactions through this wallet are charged depending on the complexity, as are resources, including Energy, because with your actions you increase the load on the network.

There is also a paid version of TronLink, with advanced features and additional benefits, such as simultaneous work with several addresses. Developers may be interested in the ability to customize the functionality of the wallet, but this is for a separate fee.

In the meantime, as a reminder, we are just about to open TronLink in the Tron ecosystem. We believe the easiest way to do this is through TronScan, a block explorer for the Tron network.

To do this, on the main page of the service, select TronLink, having previously clicked on Connect Wallet. If the TronLink browser extension is installed, you will be prompted to connect an existing wallet; if not, you will receive an installation prompt.

Next, create a wallet by answering questions and completing tasks, including creating a wallet name and password. The mnemonic phrase is generated automatically, which is all the more reason to write it down and store it in a place closed to outsiders. By the way, this entry will be useful to you right away - for re-entering it.

Then integrate the created wallet into TronScan by clicking Connect Wallet.

There is another way through applications and extensions. In this case, choose the version of TronLink suitable for your device on the official website. Installation is the same as installing any application. When you log in, you will immediately be asked to create a wallet. Next comes the introduction of a password and a control phrase. Keep this data from unauthorized access. Seed phrase will be needed in case of loss of password or device with your keys to the wallet – to restore them.

The TronLink hot wallet is in demand among Tron ecosystem users as it has all the features that all Tron and other products support:

1. The ability to select the required format from those we described above: browser extension, application for mobile devices and PCs.

2. Three versions – Chrome, Android and iOS.

3. Through the built-in exchanger, the platform supports tokens not only of the Tron blockchain, but also of some other ecosystems; the service allows their exchange through a wallet.

4. The ability to manage your assets without the help of third-party services, which greatly simplifies working with cryptocurrency for novice users - they do not need to master additional services.

5. Seamless integration with decentralized applications (DApps), which the user can access through the online wallet interface.

6. Integration with blockchain gaming and collectibles apps opens up access to almost all games created for blockchain platforms. This is an opportunity not only for entertainment and collecting, but also for investment and profit.

7. Compatibility and support for the Ethereum Virtual Machine extends TronLink's functionality beyond the TRON network to enable smart contracts and DApps development.

8. Reliability due to the stepped security levels: encryption, passwords, biometrics, mnemonics, DApps access control system to the wallet. Private keys are stored not on the server, but on the user's device.

9. Integration with hardware wallets, which provides more secure storage of financial assets.

In the topic under consideration, one important function of TronLink for us is support for staking mechanisms unique to TRON.

In the main window of your wallet, you will immediately see, among other things, the Bandwidth and Energy parameters.

Bandwidth allows you to perform transactions on the main network without paying any so-called gas fees. Having enough bandwidth is important when using various DApps, such as gambling on the WINK platform. When gambling, you can make many small transactions there without worrying about using your TRX tokens as a fee. Simply put, the Bandwith resource allows you to make free simple transactions, which greatly simplifies your life and saves your wallet. Especially in projects that require a lot of transactions.

Energy is a special resource used to process and conclude smart contracts in the Tron network. To be more precise, such operations consume the computing resources of the network's virtual machine. For us, they are expressed in such an understandable parameter as energy. The creation and execution of smart contracts consume energy along with bandwidth. Therefore, when working with smart contracts, as well as when depositing tokens into a contract, make sure you have enough of both!

Tron offers several interesting features that solve problems that plague users of most existing blockchain networks. These features are resources earned by "freezing" TRX inside your wallet.

Once your TRX are frozen, they will be locked for a certain number of days, making trading impossible until they are unfrozen. In exchange, your wallet will be rewarded with resources that will allow you to perform certain actions on the Tron network.

Freezing TRX is extremely simple, to do this, go to the TronLink extension, open the menu and select Frozen / unfrozen. Scroll down the window that opens and click Frozen . Next, a window will open, in the first field you do not need to write anything. In the second, indicate the amount of TRX you want to freeze. And in the last field, select what you want to receive - Bandwidth or Energy. Experience shows that it is better to take energy, because the network regenerates the bandwidth daily, unlike energy. That is, the bandwidth is usually always enough, if you do not make too many transactions.

If You Have Enough TRX, Get Energy

This is usually a forced measure when there is an urgent smart contract and there is not enough Energy, as well as time for its staking. In this case, you will have to sacrifice the native crypto of Tron.

TRX currency will simply be withdrawn from your account to restore the required Energy if you continue to operate a smart contract or a set of smart contracts - decentralized applications.

You can take care of purchasing the required volume of Energy in advance on specialized online exchanges.

Energy Allows Delegating Control of Tron

Sending TRX to be frozen, not necessarily in significant amounts, but for a long period of time, gives the blockchain user the opportunity to participate in voting to select delegates to manage blocks. These control nodes, or validators, consist of several users who provide their TRX to be managed by their super representatives. Super representatives, by controlling blocks of information and carrying out certain work with them, receive a certain amount of currency and resources for this activity.

In this way, Tron thanks the participants of this process, which is repeated several times a day, for helping the ecosystem and for the allocated amount of assets that the participants voluntarily gave up using for some time.

The super representatives then distribute the rewards they receive among those who provided their funds for blocking. Part of the reward goes to Energy.

To sum it up, we conclude that despite the fact that the Energy resource in the Tron network is not provided for free, like Bandwidth, Energy can be obtained in several ways, the most unprofitable of which is purchasing it with the native Tronix currency.

It is much more profitable to use the staking method to get Energy for free – just for the fact that part of your funds or all of your TRX coins are provided for temporary use by the ecosystem. The owner cannot carry out any operations with frozen funds.

You can stake to obtain Energy on your own, or as part of a control group, delegating your funds during the validation process. For delegation, the participant receives not only resources, but also native crypto, which is divided between the participants in proportion to the funds contributed, as well as participation in the block creation process. The terms of the reward distribution are agreed upon in advance between the group participants. Total reward is determined by the Tron ecosystem.

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