Due to its outstanding advantages in transaction processing capacity, transaction costs, and transaction confirmations, the TRON network ecosystem is becoming the largest stablecoin circulation market. Currently, over 58 billion USDT has been issued on the TRON network, accounting for more than half of the total USDT market value. Using the TRON network for stablecoin payments and transactions is not only a trend but also a new market demand.
While the TRON network has certain advantages in transactions, utilizing these advantages, such as achieving smart contract execution and transactions without consumption, typically requires users to have sufficient network resource energy and bandwidth.
In the TRON network, “energy” and “bandwidth” are two resources used for executing 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 for processing smart contract executions. In the TRON network, executing a smart contract requires consuming a certain amount of computational resources. Energy is used as a unit to measure and limit the use of these computational resources. The complexity of a smart contract determines the amount of energy required for its execution. If users wish to execute a smart contract, they need to ensure they have enough energy to cover these computational costs.
Users can obtain energy in two ways, including:
1. Freezing TRX: Users can choose to freeze their TRX tokens to obtain energy. Frozen TRX tokens cannot be traded for a certain period but provide energy for users to execute smart contracts without directly paying fees.
2. Buying energy: If users do not have enough frozen TRX or do not wish to freeze TRX, they can choose to directly pay TRX to purchase the required energy (similar to leasing).
Bandwidth in the TRON network is used for executing simple transactions, such as TRX transfers. 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. Bandwidth resources are reset daily, and users receive a new bandwidth quota every day, indicating a strong demand for bandwidth resources from users with immediate, large-scale transaction needs.
When users freeze TRX, they lose liquidity of these tokens. However, in return, they obtain resources needed to execute transactions and smart contracts without paying additional fees. Users can unfreeze TRX at any time, but typically need to wait for a three-day unfreezing period. Additionally, new accounts created on the TRON network are inactive, meaning they do not have space to record their information and balance on the network. To start trading and utilizing other functions on the network, accounts must be “activated.”
Activating an account requires sending a certain amount of TRX to that account. This is primarily done to prevent malicious users from creating numerous empty accounts to attack or abuse the network, as each account requires network resources to maintain its status and transaction history.
For enterprise users, executing smart contracts on the TRON network for batch transactions or conducting batch transfers requires pledging or paying a large amount of TRX tokens. Additionally, when users deplete their daily bandwidth while conducting batch transactions, they need to increase TRX pledges or purchase bandwidth resources. For many users with immediate transaction needs, they typically choose to pay TRX to purchase resources to avoid the capital occupation caused 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 user-friendly self-hosted collaboration services for Web3 teams and projects. In its official release of version 2.5, Cregis introduced the Tron energy model feature, which is further reducing the costs for users using the TRON network.
Cregis’s Tron energy model can advance Tron series transactions and aggregation fees for users. When users need to acquire resources, have insufficient resources, or activate accounts 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 fees, especially suitable for users with immediate batch trading needs, smart contract execution needs, and temporary resource shortages.
At the same time, Cregis is an excellent asset management tool that will help users understand transaction data and account fee records more clearly and easily, enabling better one-stop financial management and improving financial efficiency. With Cregis, trading on TRON will further reduce costs and increase efficiency.
About Cregis
Cregis has developed a digital asset collaboration management solution for the Web3.0 field, aiming to provide secure and user-friendly 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 environments, 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, and has developed a set of verifiable underlying technical capabilities. Currently, it has served over 3200 exchanges, projects, Crypto Funds, cross-border e-commerce, and other Web3 enterprises and teams, with a daily turnover of over 30 million US dollars on the chain.
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