We live in an era where bank transactions and their details come in handy on a smartphone. How do we monitor or track transactions on the blockchain? Here is the Blockchain explorer.
A blockchain explorer is a web service that allows you to search the Bitcoin Blockchain and find transactions that meet the criteria that you specify. These services were created because of the complexity of finding transactions on their own. This is helpful for bitcoin users who want to find information about specific bitcoin addresses, or even just about blockchain transactions in general.
The most popular blockchains are Bitcoin, Ethereum, Litecoin, and Monero, so if you’re not sure what blockchain explorers are or need help understanding how they work then this article will be very helpful. Once you understand how they work it becomes much easier to decide which servers are best for your needs and what kind of data can be found at each specific explorer website.
Why use Blockchain explorers?
Blockchain explorers are fun to use and can be very useful when you’re searching for a particular piece of information. This can come in handy if you’re a developer, a serious investor, or just want to learn more about the blockchain network. They are also useful when you’re trying to find specific transactions that you missed, think were fraudulent, or want to find out how many confirmations they have received.
A blockchain explorer will provide information about the blocks that were mined on the network and any transactions present in them. This means that you’ll know which addresses sent and received funds as well as the exact amount of money transferred in each transaction.
How does a blockchain explorer work?
The way that block explorers work is by working with the nodes in the network. They have programs that provide the search functionality that you see on the site, and then they download the blocks from each of the nodes to provide you with a list of transactions that have been made on the blockchain. This means that each explorer will work differently, with some being faster than others, but it’s still possible for you to find information about specific transactions without having to undertake a lengthy analysis process.
There are many different types of block explorers available at this time, but most are affiliated with either Bitcoin or Litecoin. There are many websites like Blockchain.info that use search engines to help you find transactions and addresses, but the maps usually have a higher level of detail.
Some explorers are geared towards users who are just starting or don’t want to do much research themselves. They’re aimed at beginners so they don’t provide access to too many features that require more expertise on the user’s part. It’s pretty simple to learn how to use these kinds of sites and they’re great for basic users because the results are very linear. Other explorers are aimed at more knowledgeable users so there’s a lot more data available without having to go through a lot of verification processes yourself.
Prominent blockchain explorers!
Blockchain.com, now blockchain.org: It authorizes a search of Bitcoin blockchains by transactions, blocks, and addresses.
Blockchain: It enables the search of information on Ethereum, Bitcoin, and Bitcoin Cash blockchains incorporating searching of phrases, words, nodes, Mempool size, and shoveling difficulty.
Tokenview: This is the Chinese-based explorer initiated in 2018 and enables the search of data on multiple (over 20 popular) blockchains.
Etherscan: This is possibly the most prominent Ethereum blockchain explorer. It enables the search of addresses, transactions, wallet balances, smart contracts, etc.