Crypto Academy Season 3 Beginners' Course - Task 1: STEEM & TRON
How are you all friends, I hope you will be with all kindness, and I am good, and I am fine, and I am from Glab, today's campshop academy will be my first post, it will be my first post of the Creepy Pico, the first time in the Copopto Academy's class was not planned, now I have studied, I have studied.
For example, the difference between STEEM, SP, SBD and TRX, TRC10, TRC20 tokens?
STEEM
Steam is very important on Steam, it is a currency, we can trade with it, because it is liquid, what we post on Steam platform, and what Steam platform pays us, which we Steam The importance of the steam token on Nakhmin is also very important, as it also increases our steam power and allows us to convert this currency into SBD, says Token.
SBD
SBD refers to the Steam Dollar, SBD is a currency that is only available on the Steam platform, and its value is many times higher than Steam, Steam produces SBD currency, The more SBD you have, the more steam you get, the higher the price of steam, the more SBD you get, and their prices go up and down day by day.
SP
Steam power is also basically a steam token, but we also call SP steam power, the more steam power you have, the more powerful your account will be, and because of that you will get more votes and Commenting and posting will not be a problem for you, and if you have low SP, you may have difficulty posting comments and voting, when you create a new account. The company gives us fifteen SPs, which allows us to maximize our SP by posting.
TRX
TRX is called Torn, Torn is also a blockchain coin. TRX, which has recently joined the Steam platform, is based on the fact that the more steam power you get, the more you get. TRX will be found, there is a big difference in the price of Steam and TRX.
TRX-10
TRX-10 is a technical standard, TRC10 is a technical token, which anyone on the TRON network can make by paying only 1000 TRX, which is a token, made on other platforms like NXT and NEM.
Let me tell you here, there is a peer-to-peer marketplace on Tron Scan, which could also be an alternative for its developers who want to do ICO using TRC-10, later. When the developer starts the central system, the token will be converted to TRC-20.
TRC-20
TR-20 is a technical standard, used to implement tokens with Torn, while TRC-20 is identical and equivalent to ERC-20, so no new script is required to create TRX-20. Yes, because that's enough for the current script on ERC-20.
The difference between TRX, TRC-10 and TRC-20
Here I tell you friends that Tron is also called the main token of TRX, while TRC-10 is a token, which works on Tron at this time, when you pay its fee. Collectively, TRC-20 which is a token also works in TRC, and it is much better than TRC-10.
Explore Coinmarketcap.com to indicate the rank and circulating supply of TRX and STEEM?
STEEM
Let me tell you here that I have checked on Coinmarketcap and I have also given the above screenshot which you can easily check and the steam rating is as follows.
Supply of steam rotation:
387,374,264.32
TRX
Here I will tell you about TRX. As far as TRX is concerned, its supply, its circulation is high and its rating from Steam is also better. It's just that its price is less than Steam's. Which you can check and also written below
TRX supply rotation
TXR 71.66B
Status:25
I will tell you below how important the role of memos is in transferring money from Estimate Vault to Exchange.
When we start transferring Steam to any exchange, we have to give the address and memo number in it, we have to give the memo, because the memo is the address on which Steam goes to an exchange. Let me give you an example to explain, that if you are going to someone's house, and you do not know the address of that house, you will get lost, and if you have the address, So you can easily move into this house, similarly if you want to transfer this team to an exchange, you must have the memo number of the stock exchange.I am giving you a screenshot below to explain
If you want to transfer Steam from an exchange to Stemat Vault, you don't need a memo in it, and yes there is a small fee for transferring Steam from Exchange to Steam, which is negligible. And there's no role for memos.
CONCLUSION
Here I will tell you the result, there are Steam, Steam Power and SD tokens with differences, and we can convert them into any coin, while TRC-10, TRX and TRC-20 are different tokens. And they have nothing in common.
We can transfer this steam to any good exchange, and there must be a memo when we transfer the steam from Steam to our exchange.
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Hello @ansardillewali , I’m glad you participated in the 1st Task of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:
Recommendation / Feedback:
Thank you for submitting your homework. task 1. We hope to see the rest of your submissions.
Respected Professor,
Next time I will not leave any shortcomings in a very good way and I will try to explain in a very good way and also the markdown will be used more. How long will I stay away from these shortcomings and try That you don't see anything
Thank you so much andSo nice of you dear sir for your kindness
عنصر بھائی آپ نے کریپٹو اکیڈمی کی اچھی پوسٹ تیار کی ہے.آپ بہت اچھا کام کر رہے ہیں
Shukriya
congratulation ap ne bhot achi post lgai hye
Shukriya
great information
Shukriya
Mashalllah brother doing a great job good work Brother keep it up
Shukriya
Mashallah very well done dear brother and brother and you doing great job so informative post
Shukriya
I like your post. And You aer doing good job.
Shukriya