Tron (TRX) essentials: Tronscan, what is it and how is it used?

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Tronscan is an important part of the Tron project. You can find it on tronscan.org. What is it? Well, imagine a smart-contract platform like Ethereum, only that it's faster, more reliable and works with steroids with a much lower cost of gas. Tron is developing an entire ecosystem around it and is becoming fascinating.

It is a decentralized website that offers several purposes. It's a decentralized exchange that you can use to swap TRX tokens or to issue your token based on Tron's blockchain, just like in Ethereum, but there are also many other things.

So, how do you start? Go to the tronscan.org website and create a wallet, create a password, type. The second step is to save the encrypted key. You will need this to access the Tron tokens from another computer. Then come with your private key. All this information must be stored safely outside the computer. And this is all. The whole process is incredibly simple and takes less than two minutes. Join Tronscan.org now.

What's next? We create a portfolio within Tronscan. It will allow you to send and receive TRX tokens. Tron's wallet is a & # 39; extension of Chrome, very easy to install and use, and it is here that you will receive (or send) your tokens.

It's very practical and if you like Chrome, your Tron Wallet will always be there for you. Keep this in mind: your Tronscan and your Tronk Link portfolio (the one on Chrome) are different entities. You can bounce the chips between both as you wish.

There is also the voting function. This goes to elect the Tron Super Representatives. To vote you must block at least one of your Tron wallets. Some of the candidates will encourage you by paying Tron tokens for your vote (almost all SRs now).

The third part is that it is a decentralized exchange where you can buy or sell all types of TRC-20 tokens (those issued using Tron technology). This includes Tron & # 39; s Tronix (TRX).

Click on the DEX link to find out which coins are active. Everything in Tronscan is traded in TRX pairs. Just click on the coin you want to buy, type in the number of coins you want. It is very simple if you compare it with the typical cryptographic exchange.

In the fourth section (the token section) the system shows you every single token that is created on the blockchain. It's a bit technical and not all the tokens that are created are actually available for trade. But this section will also provide you with information on marketable tokens if you look for them (be careful, since it is case-sensitive).

The contract section shows how many contracts are running in the network and how many coins there are in it.

Tronscan is an exciting part of Tron's project. It is very well designed, safe and reliable. If you want to join the Tron community and do not know exactly how to get started, visit tronscan.org and have fun. It gives you a general overview of almost all aspects of Tron, so it's a great way to get started.

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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 in-depth research before investing in any cryptocurrency and read our full disclaimer.

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