First, What is a Blockchain?
Blockchain is a peer-to-peer network where each computer on the network is protected by cryptography. Computers on the blockchain use a complex validation process to approve transactions. A block is created with every transaction that is then connected to the one before it, forming a chain.
The original purpose of blockchain was to underpin cryptocurrencies, but the technology has found its way into many other industries. Blockchain offers a tremendous level of security because of the independent verification processes that take place through member computers on a blockchain network.
Blockchain is a transferable record of information that is maintained on a number of computers so it is difficult to alter. It is used to power cryptocurrencies like bitcoin. There are many types of software and hardware for this purpose. Let’s take a look at some.
Why does anyone need a blockchain explorer?
A blockchain explorer functions like a search engine to find individual transactions in the blockchain network. These users can access details relating to the transaction, such as when it was made, the amount of cryptocurrency used, and when it will be completed
Blockchain explorer software operates two types of software. First, it uses an API and blockchain node to extract bits of information from a network. Second, the software presents the data in an organized table that is easily searchable. The explorer can provide you with any kind of information, be it public or personal, so long as you know what you are looking for.
A blockchain explorer is a useful tool that allows users to search and explore data about blocks or transactions that happened on the blockchain. Some programs provide a live feed of the blocks as they’re mined, as well as data related to them.
Blockchain explorers also offer some interesting features:
- Track the transaction history of any wallet address.
- Explore the blockchain, and audit transactions.
- What about transaction fees? One way to avoid them is by exploring the concept of a change address. This is a feature that returns tokens to anyone who spends cryptocurrency.
- View the blocks on the blockchain and the associated transactions.
- Figure out if a block is orphaned. If it is, find the parent blockchain.
- Explore blocks that are no longer attached to the longest known chain.
- Allow users to explore the biggest transactions of the day.
- Blockchain explorers are also able to track the number of double-spend transactions in a blockchain.
There are many Blockchain Explorer applications to explore. One of the most popular is Blockchair. This user-friendly search engine for over 20 blockchains can be used to find trending topics, specific blockchain transactions, and more. Other Blockchain Explorer applications include Tokenview and Etherscan.
