TRON Bandwidth and Energy, Explained
Find out how both of these unique resources work
It’s been roughly a month since we initially launched GuildChat the app on both iOS and Android, and we love the positive response we’re getting from the community so far. However, we’ve been getting a lot of questions about TRX Bandwidth and Energy, as well as the app’s new TRON SR voting feature, so we wanted to provide you all with an overview of these features in this post.
What is TRON Bandwidth and Energy?
TRON, while comparable to the Ethereum network, proposes some interesting new features aimed at solving a few issues that plague users on most existing blockchains. They are a type of resource earned through using the “Freeze” function from within your TRX wallet.
The act of freezing your TRX tokens will lock them in place for a certain number of days, rendering you unable to trade or sell them until they are unfrozen. In exchange, your wallet is rewarded with resources that enable you to take certain actions with it.
What does it do?
Bandwidth: Having TRON bandwidth allows you to perform transactions on the TRON mainnet without paying any gas fees. Having sufficient bandwidth is crucial when using for dApps such as www.tronbet.io, where you might want to make several smaller transactions without having to worry about using your TRX tokens in the process. Bandwidth is also used to cement yourself as an active member of the TRON community, allowing you to cast votes for Super Representatives.
Energy: This is a special resource used to process smart contracts on the TRON network. Smart contracts consume Energy in addition to Bandwidth, so be sure you have enough of both when moving your tokens around!
Voting for a Super Representative on GuildChat
Previously, SR voting was a lengthy process requiring users to go to a specific website and use a particular browser extension. Now, you can use your Power to vote for a Super Representative on TRON from directly within GuildChat. To do so, follow these simple steps:
Step 1: Go to Me>Wallet, and tap on your chosen TRX wallet.
Step 3: Tap Freeze and enter the amount of your choice.
Step 3: Select whether you want to freeze your TRX for Bandwidth Points or Energy, and then confirm your transaction. To vote, you’ll need to select Bandwidth.
Step 4: Tap the gear icon on the top right, and choose the Vote option.
From here, you’ll see the list and can cast your votes (psst… we’re currently #3 and we give out 115% rewards!).
Hopefully, we’ve shed some light on how these unique TRX token features work. Feel free to comment below if you have any more questions.
BitGuild aims to bring blockchain and cryptocurrency adoption to the masses by providing compelling experiences that are easily accessible. Between the official BitGuild portal, our discovery platform for great crypto games, and GuildChat, our decentralized wallet mobile app with an integrated social suite, we’re firing on all cylinders to usher in a new age, changing the way people interact with their digital goods.