By using Cregis's Tron energy mode, you can save an average of 30% on transaction fees.

CN
1 year ago

Due to the outstanding advantages of the TRON network itself in transaction processing capability, transaction costs, transaction confirmation, etc., the ecosystem is becoming the largest stablecoin circulation market. It is reported that the USDT issued on the TRON network has exceeded 58 billion US dollars, accounting for more than half of the total market value of USDT. Using the TRON network for stablecoin payments and transactions is not only a trend but also becoming a new market demand.

In fact, although the TRON network has certain advantages in transactions, in order to utilize these advantages, such as achieving smart contract execution and transactions in a non-consumptive manner, users typically need to have sufficient network resource energy and bandwidth.

The "energy" and "bandwidth" in the Tron network are two resources used to execute transactions and smart contract operations on the network. This mechanism aims to ensure the stable operation of the network and prevent resource abuse.

Energy is mainly used to process smart contract execution. In the Tron network, executing smart contracts requires consuming a certain amount of computing resources. Energy is used as a unit to measure and limit the use of these computing resources. The higher the complexity of the smart contract, the more energy is required for its execution. If users want to execute smart contracts, they need to ensure that they have enough energy to cover these computing costs.

Users can obtain energy in two ways, including:

  • Freezing TRX: Users can choose to freeze their TRX tokens to obtain energy. The frozen TRX tokens cannot be traded for a certain period of time, but they provide energy for users to execute smart contracts without directly paying fees.

  • Purchasing energy: If users do not have enough frozen TRX or do not want to freeze TRX, they can choose to directly pay TRX to purchase the required energy (this method is similar to leasing).

  • Bandwidth in the Tron network is used to execute simple transactions, such as transferring TRX. Each transaction consumes a certain amount of bandwidth, depending on the size of the transaction data. Similar to energy, users can obtain resources by freezing TRX or purchasing bandwidth with TRX. However, bandwidth resources are reset daily, and users receive a new bandwidth quota every day. This also means that many users with immediate and large-scale trading needs have a strong demand for bandwidth resources.

When users freeze TRX, they lose liquidity for these tokens, but in return, they obtain the resources needed to execute transactions and smart contracts without having to pay additional fees. Users can unfreeze TRX at any time after making a decision, but usually need to wait for a three-day unfreezing period. In addition, newly created accounts on the Tron network are inactive, meaning they do not have space in the network to record their information and balance. To start trading and utilize other functions on the network, the account must be "activated."

Activating an account requires sending a certain amount of TRX to that account. The main purpose of doing this is to prevent malicious users from creating a large number of empty accounts to attack or abuse the network, as each account requires network resources to maintain its status and transaction history.

Therefore, for enterprise users, if they want to execute smart contracts and batch transactions on the TRON network, or perform batch transfers, they need to pledge or pay a large amount of TRX tokens. Additionally, when users exhaust their daily bandwidth during batch transactions, they need to increase their TRX pledge or purchase bandwidth resources. For many users with immediate trading needs, they usually choose to pay TRX to purchase resources to avoid the capital occupation brought by pledging TRX.

Cregis's Tron energy model saves an average of 30% in transaction fees

Cregis is a digital asset collaboration management solution designed for the Web3.0 field, aiming to provide secure and easy-to-use self-hosted collaboration services for Web3 teams and projects. In its officially launched V2.5 version, Cregis introduced the Tron energy model feature, which is further reducing the cost for users to use the TRON network.

Cregis's Tron energy model can advance Tron series transactions and aggregation fees for users. When users need to obtain resources, have insufficient resources, or need to activate an account on the TRON network, they can obtain resources from Cregis at a lower cost. This feature can help users save an average of 30% on Tron network transaction miner fees, especially for users with immediate batch transaction needs, smart contract execution needs, and temporary resource shortages.

At the same time, Cregis is also an excellent asset management tool, which will help users to have a clearer and easier understanding of transaction data and account fee records, in order to achieve better one-stop financial management and improve financial efficiency. With Cregis, trading on TRON will be further cost-effective.

About Cregis

Cregis has built a set of digital asset collaboration management solutions for the Web3.0 field, aiming to provide secure and easy-to-use self-hosted collaboration services for Web3 teams and projects. In this protocol management solution, the wallet function is the most core and important module. Currently, we have adopted mainstream cryptographic technologies including MPC private key sharding, TEE encryption environment, and privacy computing to build a new asset management system.

Since 2017, Cregis has been focusing on providing encrypted asset management tools and solutions for enterprises, including MPC wallet services, trading interface APIs, etc., and has developed a set of underlying technical capabilities that can be open source verified. It has served over 3200 exchanges, project parties, Crypto Funds, cross-border e-commerce, and other Web3 enterprises and teams, with a daily on-chain turnover exceeding 30 million US dollars.

Official Website|[Twitter](https://twitter.com/0x Cregis)

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