Due to its prominent advantages in transaction processing capabilities, transaction costs, and transaction confirmations, the TRON network ecosystem is becoming the largest stablecoin circulation market. It is reported that the current issuance of USDT 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 a new market demand.
Although the TRON network has certain advantages in transactions, leveraging 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 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 primarily used to process smart contract executions. In the TRON network, executing smart contracts requires a certain amount of computational resources. Energy is used as a unit to measure and limit the use of these computational resources. The higher the complexity of a smart contract, the more energy is required to execute it. If users wish to execute smart contracts, 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 acquire energy. The frozen TRX tokens cannot be traded for a certain period but provide energy for users to execute smart contracts without directly paying fees.
2. 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 (similar to leasing).
Bandwidth in the TRON network is used to execute 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 acquire resources by freezing TRX or purchasing bandwidth with TRX. Bandwidth resources are reset daily, and users receive a new bandwidth quota every day. This means that many users with immediate, large-scale transaction needs have a strong demand for bandwidth resources.
When users freeze TRX, they lose liquidity for those tokens. However, in return, they gain the resources needed to execute transactions and smart contracts without having to pay additional fees. Users can unfreeze TRX at any time, but typically need to wait for a three-day thawing period. Additionally, new accounts created on the TRON network are inactive, meaning they do not have space in the network to record their information and balances. To start trading and utilize other functions on the network, accounts must be “activated.”
Activating an account requires sending a certain amount of TRX to that account. The primary purpose of doing this is to prevent malicious users from creating numerous empty accounts to attack or abuse the network since each account requires network resources to maintain its status and transaction history.
Therefore, for enterprise users who wish to execute smart contracts in bulk on the TRON network or perform batch transfers, they need to pledge or pay a large amount of TRX tokens. Additionally, when users deplete their daily bandwidth during batch transactions, they need to increase their TRX pledge 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 that comes with pledging TRX.
Cregis’ 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 V2.5 version release, Cregis introduced the Tron energy model feature, which is further reducing the costs for users using the TRON network.
Cregis’ Tron energy model can advance Tron series transaction and aggregation fees for users. When users need to acquire resources, have insufficient resources, or need to activate accounts on the TRON network, they can obtain resources from Cregis at a lower cost, helping users save an average of 30% on Tron network transaction fees. This feature is particularly suitable for users with immediate needs for batch transactions on the TRON network, smart contract execution needs, and temporary resource shortages.
Additionally, Cregis is an excellent asset management tool, allowing users to better understand transaction data and account fee records more clearly and easily to achieve one-stop financial management and enhance financial efficiency. With Cregis, trading on TRON will further reduce costs and increase efficiency.
About Cregis
Cregis has built 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, wallet functionality 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 focused on providing encrypted asset management tools and solutions for enterprises, including MPC wallet services, transaction interface APIs, and has developed a set of underlying technical capabilities that can be open-source verified. It has already served over 3200 exchanges, projects, Crypto Funds, cross-border e-commerce, and other Web3 enterprises and teams, with a daily on-chain turnover exceeding 30 million US dollars.
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