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Tired of burning TRX when sending USDT transfers on the Tron network?
You’re not alone – this common mistake stems from not understanding a frequently overlooked resource: Tron Energy.
While most Tron users focus solely on their token balances, understanding what is Tron Energy and properly managing it can reduce your transaction costs by up to 80%. Keep reading to discover all about how Tron Energy works, what it mostly is used for and how to Monitor Tron Energy in your Tron wallet.
What is Tron Energy?
Tron Energy is one of the three main resources used on the Tron Blockchain, which is part of the Tron Resource model. It lets users make transactions on the network without having to spend (or “burn”) Tronix (TRX), the main token of the Tron Blockchain. The other two resources are Tron Bandwidth and Voting rights.
Both Tron Energy and Tron Bandwidth are resources on the Tron Blockchain, but they have different uses. Bandwidth is mainly for simple transactions like sending TRX tokens, while Tron Energy is needed for more complex transactions.
Specifically, Tron Energy is required to run smart contracts on the blockchain, such as sending TRC20 tokens (like USDT), creating NFTs, and many other actions.
How Tron Energy Works
Every time a smart contract is initiated, a certain amount of TRON Energy is consumed based on the complexity of the contract’s operations.
The amount of energy consumed depends on the operations of the smart contract. Simple contracts consume minimal energy, while more complex contracts, such as those involving multiple TRC20 token transfers, use substantially more energy.
The important takeaway here is that as long as a wallet has enough energy (and bandwidth) it can continue executing smart contracts.
If the wallet doesn’t have enough Tron Energy, the contract won’t run, which can lead to problems.
Practical Uses of Tron Energy
Fun fact: The largest consumers of Tron Energy are major centralized crypto exchanges. You can check a detailed report on energy usage by different users anytime here.
What is Tron Energy used for ? It is widely used every day across the Tron network. Here are some of the most popular ways people use it:
Sending TRC20 Tokens
Tron Energy helps lower transaction costs when sending tokens like USDT, USDC, Wrapped Ether, and APENFT.
Trading on DEXs
It is used for trading on decentralized exchanges (DEXs) like Sunswap, making trades cheaper and more efficient.
Borrowing and Lending
Platforms like JustLend rely on Tron Energy to reduce fees for borrowing and lending activities.
Minting NFTs
Artists and developers use Tron Energy to lower the costs of minting non-fungible tokens (NFTs). Since creating NFTs often requires multiple transactions, using energy can make the process more affordable.
In addition to these examples, Tron Energy is also used across various decentralized applications (dApps) in the Tron ecosystem, such as staking, gaming, and other platforms. It helps users perform actions efficiently while keeping network fees low.
How to Monitor Tron Energy
Keeping track of your Tron Energy is crucial to avoid running out and paying extra fees. Here are some easy ways to monitor your energy levels:
TronLink Wallet
TronLink is the official Tron wallet developed by the Tron DAO. It has a user-friendly interface that makes it simple to check both your energy and bandwidth levels. Every time you interact with the Tron network, your wallet balance updates automatically. You can easily see how much energy you’ve used and how much is left, helping you avoid unexpected fees during transactions. TronLink is a hot wallet.
Ledger Wallet
For those who prefer using a cold wallet, Ledger has integrated the display of Tron Energy and Bandwidth directly into its user interface. This makes it easy to monitor your Tron resources without needing additional apps.
Tronscan Blockchain Explorer
Tronscan is the official blockchain explorer for the Tron network, providing a user-friendly web interface. It allows you to monitor your energy usage in real-time by simply entering your wallet address. You’ll get detailed reports on your energy consumption and allocation, making it an excellent tool for those who want a deeper insight into their transaction history. To access all its features and view your available energy, you’ll need to connect a TronLink Wallet, Ledger wallet or any other wallet that is supported.
Other Apps and Wallets
There are several third-party applications and wallets that support Tron, but not all of them display Tron resources like Energy and Bandwidth. While these apps may be functional, they might lack some of the features needed for full resource management.
Regardless of which Tron wallet or app you decide to use, it’s important to ensure that it is listed on the official Tron approved wallets page. This will help you avoid unauthorized applications, reducing the risk of security issues or potential scams. Always stick to trusted and approved wallets to keep your assets safe.
Summary
Tron Energy is one of the three main resources on the Tron Blockchain, allowing users to perform complex transactions without spending TRX. Each time a smart contract is executed, Tron Energy is consumed based on the contract’s complexity. Unlike Bandwidth, which is used for simple transactions, Tron Energy is required for tasks like sending TRC20 tokens and creating NFTs.
Popular uses of Tron Energy include sending tokens, trading on DEXs, borrowing and lending, and minting NFTs. To avoid extra fees, it’s important to monitor your Tron Energy through wallets like TronLink, Ledger, or TRONSCAN, ensuring you have enough to execute your transactions.
Now that you understand what is Tron Energy let’s see all the ways How to Get Tron Energy and start saving TRX.