What is a Block Explorer ?
Today we’re going to Discuss about What is a Block Explorer in the Field of Crypto currency.
What is a Block Explorer ?
In short, Block Explorer is a tool that provides detailed analysis about the blockchain network since its first day in Genesis Block. We can say that Block Explorer works as a search engine and browser where users can find information about individual blocks, public addresses and transactions associated with a particular cryptocurrency.
Some block explorers also provide real-time statistics and market charts as well as mining pools, pending transactions, network hash rates, rich lists, block validators, orphan blocks, hard forks, and more.
Regarding pending transactions, block explorers can be useful for users who are waiting for block confirmation. For instance, many exchanges provide their users with the transaction ID of their deposit or withdrawal request so that they can track the movement of their funds in real time.
Depending on the type of blockchain, block explorers can also serve as a general information hub. For example, there are thousands of ERC-20 tokens running on top of the Ethereum blockchain, and users can find data about them by checking their smart contracts on Ether scan or other Ethereum block explorers.
