Hi everyone, this is Lucky Ali, and I'm delighted to welcome you to my new blog. We often hear the term' block explorer,' and you may be familiar with the details. We also have the Hive block explorer tool here. It is a great tool to find transaction details. For example, you want to find something on the crypto network, so you basically type the transaction ID, wallet address, or block number, and you are able to find the details. First, we have to understand how it works.
It is all about connecting nodes, and it is the work of the block explorer, and here the computer is running the blockchain's full version. Whether you want to find any transaction related to this blockchain, you can find it here because everything is stored here. For example Ethereum block explorer stores ethereum blockchain's every transaction similarly, there is the Hive block explorer. Data is searchable so that you can even find old transactions from history, and it is easy to use and user-friendly.
So, what things can you check? let's break it down. You can check the sender's wallet details, the time of the transaction, confirmations of the transactions, fees, and receiver's wallet details after adding the transaction ID in the block explorer. You can see how detailed the information is because transparency is one of the features of blockchain, and everything is open here. And to access this information, you don't need private keys or any kind of permission to access such information.
We have seen the above information, but along with that it allows you to check blocks. One block means not a one transaction, but one block contains multiple transactions, and every single transaction is unique and different with a unique cryptographic hash and transaction details. This is why no one can alter the transaction, and this thing makes blockchain most secure.
For users, it is just details to know about the transactions so that they can understand where the payment goes or from where the payment comes, but for the developers. It is a live lab. Developers can check the deployments of smart contracts and debug failed transactions. So this is the difference in how it is used by developers and users.
We can say it is like a window to see the blockchain, which is why a block explorer is a crucial thing, and it gives a ray of light into the blockchain. Otherwise, blockchain could be a black and darker city. With block explorers, users can take a breath after seeing what is happening in transactions and blocks. So this is the reason block explorers are very useful. What is your opinion regarding this information? Please let me know in the comment section, and also share this information. I will meet you in my next blog. Have a good day.
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| Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring. Thank you, hive family ♥ |
