FAQ
What are blockchain hot wallets and cold wallets?
Blockchain hot wallets and cold wallets are two common ways to store digital currencies. They each have their own characteristics and advantages and are suitable for different scenarios.
A hot wallet is an online wallet based on blockchain technology that can be accessed and operated over the Internet. It allows users to view and manage digital assets in real time, including viewing balances, transaction records, etc. Hot wallets usually use cryptography technology and security measures to protect the security and reliability of transactions, but due to their online nature, there are certain security risks. For example, hacking, data leakage, and phishing attacks may threaten the security of hot wallets. Therefore, when using hot wallets, users need to pay attention to choosing a reputable service provider with complete security measures, and keep their account information and passwords properly.
In contrast, cold wallets are a more secure and decentralized way to store digital currencies. It does not require an Internet connection and operates completely offline, so it has extremely high security and privacy. Cold wallets usually use physical devices (such as hardware wallets) or offline software to store and manage private keys to ensure that private keys cannot be stolen by cyber attacks. Due to the offline nature of the cold wallet, it can also effectively avoid the threat of phishing attacks and malware. At the same time, the cold wallet also supports multiple signature methods and multiple verification mechanisms, which further enhances its security. When using a cold wallet, users need to save the private key in an offline environment and import it into an online environment for transactions when needed. Although this method is more cumbersome and inconvenient than a hot wallet, it can effectively protect the user`s digital assets and prevent assets from being stolen by hackers.
The above hot wallets and cold wallets each have their own advantages and characteristics. Users can choose a storage method that suits them according to their needs and scenarios. If you need to frequently trade digital currencies and check asset status, you can choose to use a hot wallet; if you need higher security and privacy protection, you can choose to use a cold wallet.
How can you have your own blockchain wallet?
There are many types of blockchain wallets on the market. How should we choose?
Of course, safety and reliability come first, followed by flexibility. The source of the wallet is the top priority. We must ensure that the APP applications downloaded and installed are from the official website. Wallet APP applications from other app stores and unknown sources are not installed. At the same time, be security-conscious and don`t install other messy APP applications. Because other APP applications can also read and monitor screen, text messages, applications, and clipboard information. Let`s take a simple example: input method. If you have input methods installed on your mobile phone or computer, such as Sogou input method, then all your daily input information and copy and paste are transparent to Sogou.
After reading the above information, I believe you have a positioning for security. So we download and install applications and only get them from the official website. It is better to give only one result than to give multiple results.
TronLink wallet can be used as both a cold wallet and a hot wallet. This mainly depends on how the user configures and uses it. If the user chooses to install the TronLink wallet on a device that is not connected to the Internet, then the wallet becomes a cold wallet. On the other hand, if the user chooses to install and use the TronLink wallet on a device that can access the Internet, then the wallet becomes a hot wallet.
- 1. Go to the official website https://www.tronlink.org/ and get the APP application in a way that suits you.
- 2. Click Go to Installation, and then select the installation method. There are three installation methods: Android, IOS, and browser plug-in. Choose one according to your usage environment.
- 3. Please note that if you use Android Google Play, you need to scientifically download the corresponding Google service components. After the installation is complete, open the Tronlink wallet, follow the prompts to click Create Wallet, and set the wallet password.
- 4. Next, a set of mnemonics will be output first. This is very important. Please remember and keep it confidential. The addresses you generate next are all generated based on the mnemonics. After remembering it, the APP will also verify whether you remember it again. After completing the verification, enter the wallet interface, and the APP will generate the first address based on your mnemonic by default.
- Congratulations! You can then use the wallet normally. Tip: The generated address is a cold address that is not activated. The address will be automatically activated when used for the first time, which will incur a small fee.
What is TRX energy leasing purchase?
In traditional blockchain transactions, a large amount of TRX needs to be burned to obtain energy, which will lead to a waste of TRX. TRX energy leasing is an innovative mechanism of TRON, which allows users to rent other people`s TRX energy for blockchain transactions to reduce the burning of TRX and save energy. Through TRX energy leasing, users can conduct blockchain transactions at a lower cost and reduce the cost of burning TRX to obtain energy.
How do I rent energy from TRON?
First of all, you need to know how much energy you need to use. For a current blockchain token (TRC20, such as USDT) transfer transaction, the energy required is about 32,000. This is used to calculate how much energy you need or how many transfers you need, and then transfer the rental fee (TRX) to the platform address according to the price above the platform. The next part that does not require you to operate is: after the platform receives the rental fee, it will automatically distribute the energy to your address. Next time you make a transaction, you will no longer burn TRX to obtain energy. In other words, you will not have to consume TRX for transfers next time, thus achieving zero-consumption transfers.
What are the benefits of TRX energy leasing?
For renters, blockchain transactions can be carried out at a lower cost, reducing the burning consumption of TRX, thereby saving TRX fees. By renting TRX energy, you can use energy flexibly according to actual needs. In this way, you don’t have to worry about insufficient or excessive energy, and you can adjust the energy usage at any time according to actual needs, providing you with a more convenient and fast trading experience. You don’t need to have a lot of TRX energy, nor do you have to worry about transactions being restricted or delayed. By renting TRX energy, you can complete transactions quickly and improve transaction efficiency.
How to use TRX to purchase and lease energy in Tron for USDT transfers, and exchange TRX for energy?
When a transfer is required on the Tron blockchain, a TRC20 USDT transaction requires burning TRX to obtain energy and bandwidth to go on the chain, with energy being the main source, so 99% of the loss (TRX) generated by your transaction is used to burn TRX to obtain energy. The specific amount depends on the complexity of the transaction and the current congestion of the network. The main currency used by the Tron network is TRX (Tron coin), so the handling fee is usually denominated in TRX. According to the current transaction situation, each transaction consumes about 13.6-15TRX.
The transaction fee mainly consists of two parts: energy fee and bandwidth fee. Energy fee is used to execute smart contracts or call DApps, while bandwidth fee is used to use network resources. When the other party`s address is not activated or has never been used on the blockchain, you will consume double energy for transactions.
In Tron, each account will receive a certain amount of free energy (about 600) every day, and a USDT transfer requires 32,000 energy, which is far from enough. On our platform, you only need to spend a small amount of TRX to rent energy, and automatically obtain the energy required for the transfer after paying to the platform address, so that you can avoid burning TRX to obtain energy, thereby transferring for free and reducing transaction loss costs.
After the payment is successful, when will the energy arrive?
After the platform address receives the payment, the settlement will arrive within 1 to 3 seconds. In rare cases, there will be delays due to reasons such as delays in the blockchain block speed. If you don’t receive the energy, you don’t need to worry, the AI program will automatically reissue it.
Can the order be withdrawn?
After you pay the fee to the platform account, the order does not support withdrawal.
There is a problem when purchasing Tron Tron Trx energy rental, how can it be processed quickly?
Our AI program is on standby at any time, automatically handling your needs 24 hours a day.
