15 June 2020

A blockchain explorer is a tool used to view blockchain information online. The same way you use Google Chrome to search for information on the net is the same way crypto users use blockchain explorer to search for blockchain information.

Think of it as a search engine for blockchain and cryptocurrencies. With the tool, you can view data of individual blocks and transactions. You can also monitor transaction histories and balances.

Bitcoin.com Blockchain Explorer
Source: Bitcoin.com

As great as the tool is, using it for the first time can be a bit tricky. This is because of the amount of information and data the explorers display. It can be very overwhelming to the untrained eye. However, once you get a bit of insight into what that data means, it will all make sense.

Data related to all the blockchain blocks can be viewed from the block explorer, and all it takes is a click on the specific block to do just that.

Blockchain Explorer: Main Features

·      Block logs: a blockchain explorer allows you to search and explore data about recently mined blocks. They all provide a live feed of all blocks that are being added to the blockchain in real-time. You can also view data related to the blocks.

·      Transaction logs: a blockchain explorer allows you to explore any transaction in any block, which has already been mined and is still part of a blockchain.

·      Address information and modification: as a user, a blockchain explorer allows you to see the receiving address in a transaction. You can also make changes to their existing public address.

·      Transaction history of any given address: a blockchain explorer allows users to explore all records associated with a given public address. This may include the number of transactions, balances, etc.

·      Mempool status: A mempool is the backlog of transactions waiting to be validated and added to the blockchain. Through a blockchain explorer, you can check the current status of the mempool, where you’ll find the number of unregistered transactions along with transactional details.

·      Largest transactions for a given day: some blockchain explorers keep data of the largest transaction made in a day to distinguish it from another.

·      Double spending incidences: of the many explorers in existence, some exceptional ones record all double-spend transactions done in the last 10 minutes.

·      Foundling blocks: as a user, a blockchain explorer allows you to check the blocks which were lost or orphaned and not attached to the blockchain.

·      Genesis block: with a blockchain explorer, you can check the genesis block of a blockchain. You can be able to see the first block in a blockchain.

·      Relay chain: you can use a blockchain explore to see which mining pool found a block.

How to Use a Blockchain Explorer:

You can use a blockchain explorer to:

·      Check your balances as well as spending on smart contract addresses.

·      Check if a wallet is valid to a blockchain before sending any crypto.

·      Check if a transaction has been sent to the right person.

·      A blockchain explorer can explain the problem with a transaction in case it has not yet gone through or been confirmed.

·      You can also use it to know the current cost of a transaction of gas.

·      Furthermore, the tool can help you make important decisions related to personal, group, and company finances.

Top Blockchain Explorers

Blockchain explores are exclusive in nature. There are specific block explorers for each of the individual cryptos like Bitcoin, Ethereum, Litecoin and other well-known altcoins.

Since the development of the first blockchain explorer, Block Explorer and Bitcoin Block Explorer, several have come up. Currently, there are many blockchain explorers, and some of the most reliable ones include;

  • https://www.blockchain.com/explorer
  • https://live.blockcypher.com/btc/
  • https://btc.com/
  • httsp://myetherwallet.com

Final Word

As you can see, a block explorer has many uses. Just like a web browser enables you to access data on the internet, a block explorer allows you to access information on a blockchain network. In other words, a block explorer allows users to keep track of all their transaction information in a blockchain.

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