So, we have decided that it is a good time to revise Crypto 101. Relax, make yourself some tea and remember about the heroes keeping your cryptocurrency safe — the wallets.
What is TRON?
TRON is an ambitious project committed to the establishment of a truly decentralized Internet and its infrastructure. TRON Protocol, one of the largest blockchain-based operating systems in the world, offers base public blockchain support of high throughput, high scalability, and high availability for all decentralized applications in the TRON ecosystem.
What is TRON Bandwidth?
TRON, while similar to the Ethereum network, offers some new features. To ensure sleek network operation, and no delays on transaction confirmation, the TRON network gives everyone a free pool of Bandwidth points for free transactions every 24 hours.
In order to make transactions more frequently, you can use the “Freeze” function in your TRX wallet. When you freeze your TRX tokens they will be locked in place for a number of days and you can’t trade or sell them until they are unfrozen.
In return, your wallet is rewarded with Bandwidth points that allow you to perform transactions on the TRON main net without paying any gas fees. Having enough bandwidth is essential when used for dApps, where you may want to make several smaller transactions and not to worry about using your TRX tokens in the process. Bandwidth is also used to make you an active member of the TRON community.
Transactions are transmitted and stored in the network in byte arrays. Bandwidth points used in a transaction equals the size of its byte array. If the length of a byte array is 200 then the transaction consumes 200 bandwidth points.
If you ran out of Bandwidth points for the day, the TRON network would charge you a transaction fee.
How are Bandwidth points calculated?
Bandwidth points are the number of bytes that you can use per day. The network holds a fixed amount of bandwidth. The ratio of bandwidth points in an account to the bandwidth capacity of TRON’s network equals the ratio of frozen balance in an account to a frozen balance on the entire network.
So, if the frozen asset on the entire network totals 1,000,000 TRX and there are 1,000 TRX frozen in your account, then the account can perform around 300 transactions per day.