What is Energy And Bandwidth ? -

What is Energy and Bandwidth?

Bandwidth and Energy are are both fundamental concepts in the realms of advance technology, particularly in cryptocurrency and blockchain systems. Both are play a equally critical role in maintaining the functionality, scalability, and sustainability of blockchain networks.

What is Bandwidth?

Based on the most frequent definitions bandwidth can be described as the total amount of data or information that can flow through a given network at a given time. In the technology of Blockchain and Cryptocurrency.

Blockchain Bandwidth: It means how much transactions or data a Blockchain network can perform and transmit within a specific time. Higher bandwidth guarantees superior transaction velocity and, as a result, improved user experience. This energy and Bandwidth both combination for all the blockchain Technology for transaction of contract

Network Usage: In some greater blockchain systems (like TRON) bandwidth is an adjustable type of resource which lets the users do the transactions without being charged if they have the adequate amount of that type of resources.

Key Use Cases of Bandwidth in Blockchain:

Transaction Speed: Helps keep the transactions flowing smoothly and as fast as possible.

Smart Contracts: Supplies data for the performance of the operation intense tasks.

Scalability: Increases the acceptability of the large number of transactions within the network.

What is Energy?

Transaction Efficiency: High bandwidth means that the latency of the transaction will be lower and the number of transactions conducted at shorter intervals will be significantly higher in the cryptocurrency markets.

Network Sustainability: Undoubtedly, proper energy consumption supports making blockchain more environmentally friendly by decreasing the effect of mining.

Smart Contract Operations: There are enabling resources which include bandwidth and energy through which these DeFi platforms and NFT markets operate.

Cost Reduction: Both users and developers also can cut down transaction fees and bandwidth and energy resources in the blockchain platforms.

Energy and Bandwidth are used to freeze on the wallet to do Transction on Blockchain Technology to reduce the Network Fee and Gas Fee.

Role of Energy and Bandwidth

Energy in Blockchain can refer to,

Computational Energy: The real CO2 emissions consumed in sustaining and stabilizing blockchains, like mining in Bitcoin or Ethereum.

Resource Allocation: On some platforms such as TRON, the term “Energy” refers to useful resources for smart contracts different from bandwidth but for processing contracts’ logic.

Key Use Cases of Energy in Blockchain:

Smart Contract Execution: Offers the capability to deliver the necessary compute for running automatic and distributed schemes.

Consensus Mechanisms: Supported by Powers PoW and PoS consensus algorithms for ensuring network’s security and reliability.

We will discuss Energy and Bandwidth into Contracts concept of Technology on blockchain. But taking example of TRON & SMART COIN.

What do energy and bandwid mean for TRON?

On TRON Network Energy and bandwidth are the bltockchain System resources which are used for transactions Network Fee on the execution of smart contracts.

1. The bandwidth explains the length of bytes per a transaction. For an example of instance, if the transfer from a Wallet to other Exchange transaction is 250 bytes, then consume around 250 bandwiths of which it’s 250 bytes.

2. Energy is the amount of time that is spent when one carries out smart contract execution activity. For example, if smart contract execution takes 100 microseconds then it takes 100 energy, exactly one hundred.

What is bandwidth and how does one get energy?

Like bandwidth, there are three ways through which bandwidth and energy can be obtained.

Method 1: Rent with TRX (Recommended)
If you want to rent energy for Feee, just go to your TRON wallet and click the rent button and then type the amount of energy and time for rent before the pay button.

Go to the Tron Stake 2.0 by clicking “Resource” button on TRON wallet, then choose the type of resource that you desire to acquire, and then put down the number of TRX that you want to freeze transaction. To do this process you need to Go to the TRON wallet and then click on the “Resource” it’s a button need to access Tron Stake 2.0. The next step is to choose the type of resource you willing to acquire then type in the number of TRX that you are willing to freeze.

Method 2: Burn TRX
To use the TRX token, you need to transfer 50-100 TRX into your TRX purse, and when using the TR token, a bit of TRX will be burnt to cover bandwidth and energy needed in the token transaction.

Method 3: Freeze TRX
Click “Resource” on the TRON wallet to launch Tron Stake 2.0, select the type of resource you want to obtain, and enter the number of TRX you want to freeze. But in any case, it is recommended to freeze at least 11000 TRX But what instant you can thawing of the Frozen TRX but you have to wait for 2 weeks and then you click on the button of the claims of the funds.

Note: Freezing account has been stopped and Stake 1.0 is only responsible for freezing user’s accounts. To withdraw the TRX placed in Stake 1.0, a user will need to go to the ‘Resource’ tab where he/she will find the button called ‘Unfreeze V1 Staked TRX’ to start Stake 1.0 for this purpose.

Note: Certain transactions have to be made with energy consumption, as for example the TRC-20 transfer and the interaction of DApp.

The bandwidth and energy resources consumed will gradually sum up to 24 hours

How to Freeze SMART COIN for Energy and Bandwidth?

All the blockchains in use today have their transaction fees. However, the SMART blockchain is designed to enable users save on the use of the SMART coin and not to ‘pay the blockchain’ for executing the transactions. To do this, you need to lock up, or as the project defines it, stake your SMART coins.

Staking on the SMART blockchain is a process where users who is a Investor has to freeze their SMART coins to support the network and in the return, which will receive on wallet a key network resources I.e. Bandwidth and Energy. These assets are critical in the performance of smart contract transactions and all other kinds of transaction that take place within the network.

To avoid paying transaction fees make sure you hold between 50000 to 100000 SMART for Energy along with 5000 to 10000 for bandwidth. This enables you to perform smart contract dealings, and other dealings in the SMART BLOCKCHAIN at no charge.

In this article, I will discuss how to freeze SMART Coin in the Energy. Before freezing, if you are going to split often, we suggest maintaining up to 10,000 (Unfreezed SMART) in your balance at any given time.

Open SMART Wallet. Go to the SMART coin and on the right side there is a Freeze widget which is to be clicked.

In the following screen, there will be a “Freeze” button to be clicked.

Fill in the number of SMART that you wish to freeze and select whether que you wish to receive Energy or Bandwidth.

In the context of the SMART blockchain, bandwidth is a form of value that must be employed by everyone in the network, for everyone to conduct transactions. For example if you use Bandwidth to make any of the transactions for yourself, then the SMART transaction fee will be not charged on the transactions.

Everything that concerns smart contracts in the SMART blockchain, input/outputs, split actions, ST transactions, ULTIMA token, etc., consume Energy Energy is a consumable resource of the SMART blockchain meant to power smart contract operations.

We choose Energy to make options of splitting transactions free, and press ‘Continue’.

That is, finalize the freeze transaction. Once if everything process said here is done correctly, you’ll see a confirmation on the screen saying that the coins you have been successfully frozen, with a Ok Button.

The frozen coins can seen on the Smart Wallet Dashboard. This can appear in both ways, on the dashboard of Smart Button on down side. The other way once click on SMART a new interface will be open which will be displaying Frozen button. Please note that unfreezing SMART Coin from Energy and Bandwidth will be credited on the available balance on dashboard in 14 days.