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

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

It’s a decentralized website that serves several different purposes. It’s a decentralized exchange you can use to trade TRX tokens or to issue your own token based on Tron’s blockchain, just as in Ethereum, but it’s many other things as well.

So how do you get started? You go to the site tronscan.org, and you create a wallet, come up with a password, type it. The second step is to save your encrypted key. You’ll need this to access your Tron tokens from another computer. Then you come up with your own private key. All this information must be kept safely outside of your computer. And that’s it. The whole process is incredibly simple, and it takes fewer than two minutes. You’re part of Tronscan.org now.

What’s next? We create a wallet inside Tronscan. It will allow you to send and receive TRX tokens. Tron’s wallet is a chrome extension, very easy to install and use, and that’s where you will receive (or send from) your tokens.

It’s very practical, and if you like Chrome, then your Tron Wallet will be available to you at all times. Just keep in mind this: your Tronscan and your Tronk Link (the one on Chrome) wallets are different entities. You can bounce tokens among both as you wish.

There’s also the voting feature. This goes to electing the Tron Super Representatives. To vote you have to freeze at least one of your Tron wallets. Some of the candidates will incentivize you by paying you in Tron tokens for your vote (almost all of the SR do now).

The third part is that it’s a decentralized exchange in which you can buy or sell all kinds of TRC-20 tokens (the ones that are issued using Tron’s technology). That include’s Tron’s Tronix (TRX).

Click on the DEX link to find out what are the active coins. Everything in Tronscan is traded in TRX pairs. You just click on the coin you want to buy, type down the number of coins you wish. It’s very simple if you compare it with your typical crypto exchange.

In the fourth section (the token section) the system shows you every single token that’s being created on the blockchain. It’s a bit technical and not all the tokens that are being created are actually available for trade. But this section will also give you information on tradable tokens if you search for them (be careful as it’s case sensitive).

The contracts section shows you how many contracts are running in the network and how many coins are involved in it.

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

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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.

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