How does a blockchain explorer work? Back to list

Member SinceJul 08, 2021

Posts 155

Kihn

Sep 13, 2021 a 07:51
A blockchain is a series of blocks built according to certain rules. In a chain like this, all information about events that took place within the network is stored, and blockchain monitors are used to analyzing this information. Note that this applies only to open blockchains, that is, to those that do not block access to their blocks, but most popular networks are among those.

The Blockchain Explorer is a special service that allows you to track transactions and see the status of the blockchain.

Member SinceAug 09, 2021

Posts 197

Hightrade

Oct 08, 2021 a 15:17
A blockchain explorer functions as a search engine for the Bitcoin blockchain. They provide a user with all the information about transactions, blocks and addresses that exist on that blockchain. This information can be used to perform tasks like: tracing where bitcoin originated from, following cryptocurrency transactions and performing smart contract audits. Blockchain explorers make it possible for someone unfamiliar with Bitcoin to see how transactions happen, but also how they can verify them and make decisions about whether or not they want to use cryptocurrency in their personal lives.

Member SinceJul 12, 2021

Posts 136

Fiba

Oct 14, 2021 a 15:16
Blockchain explorers are useful tools for viewing specific points of interest on blockchain networks. With the use of a blockchain explorer, you can view transactions between addresses, the flow of funds, and the current market value of cryptocurrencies. These programs can do more than just present information about currencies; many provide information about smart contracts and other items on the blockchain.

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