TRON is one of the most popular cryptocurrencies globally and has been deeply rooted in decentralized global exchanges. Based on blockchain technology, TRON’s decentralized operating system handles its users’ wealth with the native cryptocurrency – TRX. Like other cryptocurrency ecosystems, the TRON ecosystem offers some unique features to the TRX holders. Like the Ethereum network, TRON allows its users to find a solution to some of the most plagued blockchain issues. The TRON network proposes interesting features to the TRX token holders by creating a type of resource that helps them earn more. TRON Bandwidth and TRON Energy are the two key resources that can help users earn more TRX tokens by freezing their digital assets in the TRX wallet.
What is TRON Bandwidth and Energy?
TRON Bandwidth and Energy are derived from the act of freezing TRX tokens. These two resources generate more tokens when the user locks the existing TRX tokens for a specific number of days. In the process of freezing your TRX tokens, you are unable to use those frozen tokens till the lapse of those certain number of days. Hence, it disables you from trading, buying, or selling TRX tokens until the time they unfreeze.
In exchange for freezing TRX tokens, the TRON wallet rewards its users with Bandwidth, a resource that enables them to take certain actions with the frozen tokens. Similarly, the wallet also rewards users with Energy, which is one of TRON’s exclusive features. TRON Energy is obtained only through freezing the TRX tokens for Bandwidth, according to TRX News. However, both the resources have their specific usage in building and managing smart contracts. TRON Energy is a CPU resource consumption unit of the TRX network. TRON Bandwidth and Energy is important for users in creating and operating smart contracts.
TRON Bandwidth vs. Energy
While both the resources have several similarities, some distinct factors characterize TRON Bandwidth and TRON Energy. Here’s how:
TRON Bandwidth
TRON Bandwidth is a special feature that helps you perform transactions on the TRON mainnet without any gas fees. It is important to have sufficient Bandwidth in your TRX wallet. This feature plays a crucial role when you use dApps to make multiple small transactions. This feature ensures that there is nothing to worry about using TRX tokens in several small transactions. TRON Bandwidth is also used to affix yourself to the TRON community as an active member. It also gives you the privilege of casting votes for electing TRON Super Representatives.
TRON Energy
TRON Energy, on the other hand, is more of a resource than a feature. It is specifically used to process the smart contracts created on the TRON network. It is also used to operate multiple smart contracts on the TRON blockchain. These smart contracts consume Energy as well as Bandwidth during their operations. If you have enough TRON Energy, then these smart contracts get processed swiftly, and there are no hindrances in moving your TRX tokens from one end to another.
What Does TRON Bandwidth and Energy Do?
Getting TRON Bandwidth and Energy is a simple process. Both resources can be procured by all TRX holders in the world.
- Go to your TRON wallet and open the Wallet Manager. After setting up the Wallet Manager on your device, add some TRX tokens to your wallet.
- After adding the TRX tokens, use the Wallet Manager to freeze the tokens.
- In the Wallet Manager, there is an extension that leads to TRON Bandwidth or TRON Energy. Click either of these extensions based on what you need.
- Enter the amount of TRX tokens you want to freeze.
- Press the Freeze button.
By default, you acquire the selected resource (Bandwidth or Energy) by freezing the specified TRX tokens for three days. While you will not be able to move these tokens during the period, your wallet gets credited with the selected resource as a reward in return.
It is important to learn that TRON Bandwidth serves the purpose of sending TRX tokens where you can freeze the Bandwidth to gain more Energy. Meanwhile, TRON Energy is used for running smart contracts. Hence, both resources, TRON Bandwidth and TRON Energy, are interconnected with each other. While using TRON dApps, it is advised not to run out of Energy as one burned TRON Energy can cost approximately 1.3 TRX tokens. Transferring TRC10 tokens consumes Bandwidth while the transfer of TRC20, which are smart contract-compatible tokens, takes up Bandwidth as well as Energy.
TRON Bandwidth and Energy – Final Thoughts
Founded by Justin Sun, TRON has been a hot asset in the world of cryptocurrency since 2017. With the introduction of TRON Bandwidth and Energy, the TRON Foundation has helped its TRX holders raise millions of dollars in digital tokens. Both these resources grant permission to the TRX account holder in generating TRON Power, which is equivalent to frozen TRX. By freezing Bandwidth one day and freezing Energy the following day, the user can get multiple rewards separately from each of the resources, assigned to a separate 3-day time period. To manage dApps smoothly, it is advised to keep the total staked TRON power at a ratio of 2:1 between TRON Bandwidth and TRON Energy. Apart from that, If you are more interested in TRON (TRX) and want to get latest news, live prices and TRX Price Prediction then you should stay tuned with us. For further updates, just go and checkout TRON news to know every insight about the same.