Friday 17 September 2021
Home / tutorial / What Is Blockchain Explorer
blockchain-explorer

What Is Blockchain Explorer

 Everything about a Block/Blockchain Explorer

A Blockchain explorer is a site or an app for browsing and searching in the blockchain. The blockchain explorer is used to view details of blocks, transactions, addresses, and more. All Bitcoin and Altcoin users rely heavily on blockchain browsers to track their transactions. But very few users are aware of the full potential of these browsers. These browsers provide much more valuable information than just tracking transactions.

Note: The terms “Block explorer” and “Blockchain explorer” both refer to one concept.

 

What is a Blockchain Explorer?

The Blockchain Explorer allows you to search in the blockchain of currency or platform you are using.

For example, in Ethereum explorer, you can check USDT token transactions on the Ethereum blockchain.

But it should be noted that you cannot use a blockchain explorer for a blockchain that does not match.

For example, you can’t track Litecoin transactions with a Bitcoin blockchain explorer.

To do this, you need a Litecoin blockchain explorer, like https://live.blockcypher.com/ltc

 

What is It Explorer Used for?

We’ll talk about Bitcoin’s blockchain explorer to explain the blockchain explorer, but each blockchain has its interface and functionality.

  • Block Feed: 

In Blockchain explorers, in the “Latest blocks” section you can search for blocks recently mined on Bitcoin blockchain. Usually, all blockchain explorers provide all of their blocks’ live feeds, including the latest blocks added to the blockchain.

 

  • Transaction Feed: 

In Blockchain explorers, you can search for any transaction in any recently mined block that is connected to the Bitcoin Blockchain.

 

  • Transaction History of a Specific Address:

 Using a Bitcoin blockchain explorer, you can check the history of each Bitcoin public address as well as the number of transactions received, inventory, and so on.

 

  • Inbound and Outbound Addresses:

 You can view the inbound and outbound addresses of a bitcoin transaction using a Bitcoin blockchain explorer.

 

  • Biggest Transaction of the Day:

 Some blockchain explorers (like this link) hold data for the largest bitcoin transactions during the day.

 

  • The Status of Memory Pool (Mempool):

 Through a blockchain explorer, you can view the status of the memory pool (mempool), where the total number of unconfirmed transactions are recorded along with transaction details.

 

  • Double-spend transactions: 

Some advanced blockchain explorers record the number of bitcoin double-spend transactions that have taken place in the last 10 minutes.

 

  • Orphaned blocks: 

You can check the number of orphaned blocks that were not connected to the Bitcoin blockchain.

 

  • Mined Blocks: 

You can check which mining pool has been able to find the block. For example, you can see that the block was found by the ViaBTC mining pool.

 

  • See the genesis block: 

A blockchain explorers can show you the first block of the blockchain or the genesis block. In the Bitcoin Blockchain explorers, you can see the first block of the Bitcoin Blockchain, mined by Satoshi Nakamoto in 2009.

 

An Example of Checking the Bitcoin public address

Currently, several Bitcoin blockchain explorers are available in the market. A simple Google search can reveal many of them.

For example, we use This Link, one of the most popular Bitcoin blockchain explorers.

Here’s the Bitcoin public address:

 

12rQa8VkxiqnAUXkouJZ5UqGeNhVaxVB4c

 

Go to the blockchain.com and type the address in the search bar:

 

12rQa8VkxiqnAUXkouJZ5UqGeNhVaxVB4c

 

See the final balance and the total received at this public address in the image below.

 

By searching the transaction ID of this public address, you can find the amount of input and output of this transaction, the costs paid for it, and the number of confirmations.

 

Using Explorer

As mentioned, there are many reasons to use a blockchain explorers. A blockchain explorers is a valuable resource and one of the best ways to search for a blockchain

To find the blockchain explorer site of a currency, just search for example Ripple explorers on Google (type the name of the currency you want instead of Ripple).

Open-source browsers provide transparency and immutability of the cryptocurrencies. Public access to the Blockchain ledger helps to create a decentralized system.

This is the beauty of blockchain technology.

About Sean Patterson

Check Also

pullback stretegy

strategy

Crypto signal 💡- Specifies the best entry-exit points for the spot market for cryptos. We …

Leave a Reply

Your email address will not be published. Required fields are marked *

4 × 3 =