Steemit Crypto Academy Contest Season 8 Week 3 - Steem and Tron Integration

Hello Friends,

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I'm so excited in my entry of this contest, how are you all, how is your family and I hope everything is fine, I'm here to participate in this contest but before I proceed I will like to appreciate Steemit Crypto Academy for organizing this interesting, unique and wonderful contest that base Steem and Tron Integration so stay tuned and enjoy my article, without any further ado let's get started.

INTRODUCTION

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Today marks a major milestone in the history of blockchain technology. we are proud to announce the integration of the steem and Tron blockchains. This will enable users of both networks to send and receive assets and transect with each other, bridging the gap between of the world's most popular blockchains.

Through this integration, user of steem will be able to transfer assets to users on the Tron network, and vice versa. This integration also enables developer to create cross-chain decentralized applications, leveraging the resources and advantages of both networks

With this integration, steem and Tron are creating a platform of unprecedented power and utility, paving the way for a new era of decentralized finance. From creating cross-chain DeFi protocols to providing liquidity between assets, this integration has created immense possibilities for the development of innovative applications. This integration marks the dawn of a new age of interconnectivity between blockchains and has set the stage for more seamless interoperability in the future. We believe this integration is just the first step of many in greater, brighter blockchains future.

What do you know about Steem and TRX Integration? What are its purposes?

I know that steem and TRX integration are both forms of blockchain technology. They are used to facilitate the exchange of data, value and digital assets including but not limited to cryptocurrency token such as steem and TRX.
This integration enable the user to move these token and other digital assets between wallets and between blockchain networks, which makes the whole process cheaper, fastest and more secure

The integration of steem and TRX is an innovative ways to increase collaboration between the two platforms. And the main purpose of this integration is to enable faster and cheaper transactions on the steem and TRX blockchains moreover, it makes it easier to track digital assets across different networks and to ensure a more secure transaction. Another purpose of the integration is to create an easy to use bridge between the two platforms, which can facilitate transactions, while also allowing users to make the most of the innovative features of each platform

It also allow users to interact and exchange their content between two platforms, allowing for the potential of new content collaboration. Ultimately, the integration of steem and TRX is intended to create a robust and convenient platform for users to take advantage of.

I also know that steem and TRX Integration is a project develop by the team behind steem and Tron. And the finally purpose of this is to provide a decentralized platform for social interaction, allowing users to share and discuss content, create polls, reward contributors, and more. The integration also allow for seamless and low cost exchanges of STEEM and TRX tokens, as well as other related lending, and DeFi applications. By connecting the two blockchains networks users can use a wider range of services and access more liquidity, as well as benefit from the rebust security of both networks. Additionally, it will provide developer with a much larger playing field, allowing them to create more ambitious project that can make use of both networks.

What is the ratio of TRX tokens on our payouts? Also, give the history of this ratio (how it changed time by time).

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The ratio of TRX token on this platform payout has consistency increasing since the integration of TRON blockchain onto the platform. Initially, when TRON was integrated in may of 2019, the payout ratio of TRX tokens to steem tokens was 5 TRX for every steem token. This ratio increased incrementally over the course of the following year, reaching a peak of 10 TRX for every steem token by 2020. After this, the ratio was reduced back down to 5 TRX for every steem token in November 2020. This was done in order to create more balance and fairness across the platform, since it was noted that too much value was being taken away from the platform in TRX tokens. Since November 2020, the ratio of TRX tokens on this platform payout has remained at 5 TRX for every steem token.

And the current ratio of TRX tokens on steemit payouts is currently 20:1. This ratio has not been the same throughout its history

In 2018, the ratio was 25:1 meaning that 25 TRX tokens were rewarded for every steemit payout. However, in 2019 this ratio decreased to 10:1 and then to 5:1 in 2020. This downward trend has continued and the current ratio is 20:1, which has been in effect since April of 2021

What are the ways to claim and withdraw the TRX rewards from Steemit Wallet?

There are two main ways to claim and withdraw TRX rewards from steemit Wallet:

• Staking : Staking is an easy and straight forward way to claim and withdraw TRX rewards. it involves putting some TRX tokens into your wallet, which locks the token in place and create a pool of rewards that can be claimed. To do this, simply log into your steemit Wallet, go to the Staking tab select the number of TRX tokens you would like to stake, and click on the stake button. Once the staking period is over, you can caim the rewards that are generated from the staking process and withdraw them.

• Delegation : It is a more complex way to claim and withdraw TRX rewards. it involves creating a Delegation between your steemit Wallet and a 3rd party that holds TRX tokens. The third party will provide you with rewards generated from the delegation agreement, which can be withdrawn as soon as they are generated. To do this, log into your steemit Wallet, go to the Delegation tab, select the 3rd party to whom you would like to delegated. After the delegation agreement is complete, you can start claiming and withdrawing the rewards as soon as they are generated.

Give a complete guideline on the best way to link an external wallet with the Steemit Wallat to claim TRX tokens.

To link an external wallet with your steemit wallet and claim TRX tokens, you will need to follow the following steps:

1. Visit steemit's main page and click on WATTET in the top right corner of the page.

2. Click on EXTERNAL ACCOUNT in the drop down menu.

3. Choose the type of external wallet you are using maybe Tron or any other ones like Ethereum.

4. You will be asked to enter the details of your external wallet Enter information required, including your external wallet address.

5. Confirm the details and click the Link External Wattet button.

6. Your Steemit wallet will now be connected to the external wallet and you can claim TRX tokens.

7. Once the external wallet is linked to your steemit Wallet, go to the TRX tokens tab and select the amount of TRX you would like to claim.

8. After selecting the amount of TRX tokens, click the CLAIM button and the transaction will be sent from your external wallet to your steemit Wallet.

9. After the transaction is complete, you can view the newly added TRX tokens in your steemit Wallet that's all you need to do to successfully link your external wallet with steemit Wallet and Claim TRX tokens.

Have you faced any problem regarding TRX rewards? Also give your feedback on the benefits of this Integration.

Yes, I have faced some issue regarding TRX rewards. There was a day, I wastrying to redeem my rewards, it sometimes took an extremely long time.

Overall, I believe that the integration of Tron rewards has a lot of potential to offer, The main benefit is that it allows people to be rewarded for their efforts, providing an incentive to keep up their work and reach the next rewards tier. Furthermore the rewards program is well intergrated into the existing TRX infrastructure, which makes it more user friendly and easily accessible to those already familiar with the system All in all I think this integration is beneficial and provide an opportunity to further expand and explore the capabilities of the TRX platform.

Conclusion

The integration of steem and Tron proved to be a success and is set to bring both networks to the next level. Steem is now capable of greater scalability and access to a broader userbase, while Tron offers the blockchain the support it needs to improve its functionality Thanks to the intergration steem developer are now able to interact with other networks, explore a wider range of uses cases, and even build on Tron to create their own application the integration The integration of steem and Tron proved to be a success and is set to bring both networks to the next level

Steem is now capable of greater scalability and access to a broader userbase, while Tron offers the blockchain the support it needs to improve its functionality

Thanks to the intergration steem developer are now able to interact with other networks explore a wider range of uses cases, and even build on Tron to create their own application the integration is expected to pave the way for new growth and innovative for both the Steem and Tron networks.

I will like to visit @beautiful12,@habdallah and @elrazi to join me participate in this contest