What is a blockchain explorer? Who uses it?
Every time we are asked what is a blockchain explorer, our answer is that you can think of it as the Google or Baidu of the crypto world.
In the blockchain world, everyone generates their own wallet address. Transaction refers to the sending of crypto assets such as tokens /NFTs from one wallet address to another.
As a window into the blockchain world, the block explorer allows you to search for everything happening on the blockchain in real time, such as transaction information, block data, address activity, and more.
What are the use cases for block explorers? Taking multi-chain block explorer Tokenview as an example, here are a few examples of its use:
a Query the transaction history of a specific wallet address;
b View detailed information about a specific block, such as block height, timestamp at mining time, and a list of transactions within the block;
c View transaction fees，difficulty and hashrate；
d Search transaction sending and receiving addresses;
e Query the pending transaction and the transaction hash；
f Query the real balance of wallet address…
Well, who is using the block explorer？
01 Miner and Validator
Miners are participants in the proof-of-work (PoW) blockchain network. They plays a crucial role in creating new cryptocurrencies and verifying transactions on the blockchain. In a network such as Bitcoin, miners add new blocks to an existing chain and make sure those added blocks are accurate.
Validators are participants in the proof-of-stake（PoS）blockchain network，and responsible for validating new transactions and maintaining the security of blockchain. Validators are maintaining network security by staking their crypto assets.
Miners/Validators are the people who participate in blockchain transactions. They use the block explorer to confirm important block activity, specifically to check whether they have successfully created a specific block (which represents whether they have successfully received a block reward).
02 Crypto Traders
Traders and users who regularly buy and sell cryptocurrencies will use the block explorer to check the status of their transactions.
Once a user initiates a transaction, they will receive an automatically generated transaction hash and can use it to find details about the transaction, such as the transaction status and when the transaction was received.
03 Crypto Investors and Analysts
Crypto investors and analysts can observe and analyze market activity through on-chain chart data provided by the blockchain explorer.
For example, the total circulation of Bitcoin,Ethereum, USDT and other networks, the number of coin addresses, the number of active addresses, the number of new addresses, the amount of transactions, etc.
In conclusion, the block explorer is a powerful tool that can be used by any user interested in data on the blockchain, giving you easy access to data from multiple blockchain networks.
About Tokenview
Tokenview supports querying data on 120+ blockchain chains, including BTC(UTXO) series, ETH series, zk-SNARKS series, Layer2 series, privacy chain, Cosmos ecology, USDT, TRON, etc.
Each public chain supported by Tokenview has its own specific explorer. Open https://tokenview.io and enter any transaction hash, address, and block information to automatically identify its public chain and its related historical status.
So whether you’re a crypto enthusiast, investor, or developer, the Blockchain explorer will provide you with valuable information about blockchain.
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