Blockchain explorers are online search engines that allow users to view all data on a public blockchain network, including transactions, fees, wallet addresses, and blocks 🌐💻. They provide detailed analytics and information on a blockchain network’s entire history, ensuring transparency for users. Blockchain explorers can be used to track wallet balances, check transaction statuses, and provide insights into the workings of a blockchain network 📊🔍.
Each public blockchain has its own explorer, but there are also multi-chain explorers. For example, Etherscan is for Ethereum and ERC-20 tokens, BscScan for Binance Smart Chain, and Blockchain.com is a multi-chain explorer for Bitcoin, Ethereum, and Bitcoin Cash 💱🔗.
Blockchain explorers function by connecting to a blockchain node to retrieve all network information. This data is then presented in a searchable and understandable format through a relational database like SQL and an API 💾🔁.
Users can use blockchain explorers to search wallet addresses’ activity and balance, transaction details and status, and view the details of a token. This is done by entering the relevant information into the explorer’s search bar 🕵♀️🔎.
Blockchain explorers are valuable tools in the crypto space, providing transparency, accountability, and a comprehensive view of a particular blockchain ecosystem and its associated cryptocurrencies 📈🔐. They are also useful for newcomers to understand the fundamentals of blockchain technology 🧑🎓🚀.
To dive deeper, check out the complete article: https://droomdroom.com/a-guide-to-blockchain-explorers/
