The world of cryptocurrency is booming, with over 20,000 different crypto assets operating on numerous blockchains. The bandwidth of transactions and operations within decentralised ecosystems keeps increasing.
With millions of transactions happening daily, keeping track of your crypto activities can be a tiring task. That’s where blockchain explorers come in to make your life easier.
What Is a Blockchain Explorer?
Blockchain explorers are websites designed to provide real-time information about transactions and activities happening on various blockchains.
These user-friendly platforms use different APIs to collect data from the blockchain and present it in an easily readable format. So, whether you’re sending or receiving digital coins, you can quickly find your transactions and access detailed information about when and how much was transferred.
Why Do You Need a Blockchain Explorer?
Blockchain explorers are essential for both novice and experienced crypto users. They serve two primary purposes: logging and displaying transactions.
Logging All Transactions
Blockchains are essentially public ledgers that record every crypto transaction to the smallest detail. Blockchain explorers allow you to access and understand the status of these transactions, whether they are confirmed or pending. You can simply enter a transaction ID (Hash ID) or a wallet address to find the transaction you’re looking for.
Previewing Transaction Details
Blockchain explorers take your understanding to the next level by providing additional information about your transactions. This includes details like the block ID, associated fees, the platform where the transaction occurred, and the size it occupies on the blockchain.
Furthermore, you can learn about the validating nodes responsible for confirming the validity of crypto operations.
Top 3 Blockchain Explorers
Here are three popular blockchain explorers:
Etherscan: Ideal for Ethereum users, Etherscan offers a straightforward interface and comprehensive real-time information about the network. You can quickly find your transactions by entering the hash ID.
Tronscan: Tronscan allows users to track multiple chains and access more cryptographic details in real-time.
Blockchain.com: For Bitcoin enthusiasts, Blockchain.com is a versatile explorer that integrates with various platforms to provide live market data. Many DeFi projects and decentralised applications (dApps) take place on this platform.
Blockchain explorers are indispensable tools for anyone dealing with digital coins. They empower you to effortlessly track your crypto transactions and gain insights into various transaction details without requiring professional developer skills. You only need the transaction’s hash ID to find your crypto transfers or Web 3.0 operations in real-time.