Block Explorer
Block Explorer is a tool for tracking the cryptocurrency’s blockchain network from the first or genesis block. These tools provide much information about the blockchain, such as transactions, public addresses, and more. These block explorers are critical to tracking the information about the site’s dedicated cryptocurrencies.
The Functions of A Block Explorer
The block Explorer has many functions. For example:
- It is a hub for all of the information of specific cryptocurrencies.
- It provides real-time statistics about the particular blockchain network with the market values.
- It has detailed data on the blocks, such as orphan blocks and the network’s hash rate.
- Miners can track the mining pool of a particular cryptocurrency to observe that the mining difficulty for that cryptocurrency is getting easier or harder.
- It is possible to track pieces of information about any token that uses the block explorer’s blockchain.
A General Guide for Most of the Block Explorers
The main page of the block explorers usually has general current data for the blockchain. This data may consist of data about blocks of the blockchain and the latest transactions.
You can track your transaction when you type the transaction ID in the search bar of the block explorer. If it says confirmed, that means that your transaction was completed successfully.
You also can retrieve the various data and information in the blockchain, such as block numbers and public wallet addresses.
2 Popular Block Explorers
This website is one of the most popular block explorers. The users choose it because of its simple and user-friendly design. It has both Bitcoin and Ethereum Explorer, and it is effortless to switch between these two blockchains.
CoinMarketCap has a lot of different functions, such as it has rankings for the biggest gainers, trending, and new coins in the market. The block Explorer in the CoinMarketCap has Bitcoin, Ethereum, Litecoin, and Binance coin.
