Bitcoin Block Explorer

Every user can check a public crypto address and enquire about a transaction confirmation — this is the essence of a blockchain. All users of Bitcoin and various altcoins rely on block explorers to track their transactions. However, only a few really use the full force of these tools. Not only do explorers allow tracking any transactions, but they also provide information that is much more valuable.

What is a block explorer?

A block explorer (or a blockchain explorer) is a convenient tool in the form of a web application, which allows viewing blocks, cryptocurrency addresses, network complexity, transaction data, and mempool status. It functions as a search mechanism. Similar to browsers, used to surf the Internet, block explorers allow surfing the blockchain. They can be regarded as search systems that provide blockchain information.

An explorer with a data array can first seem incomprehensible, but as soon as you master this tool, you will be convinced in its efficiency. The block explorer allows studying the whole blockchain of the used payment system. It is worth noting that it is impossible to use one explorer to study all blockchains. Each cryptocurrency with its own blockchain also has its own block explorer. That is why you should use a web application that works specifically with a certain cryptocurrency.

Bitcoin blockchain explorer

Using the Bitcoin blockchain explorer, you will not be able to track a transaction on the Ethereum or Litecoin network, as they have other separate explorers. Just as there are different browsers and search engines to search for information on the Internet, various blockchain explorers have also been created for the range of cryptocurrencies. There are official explorers: directly from the coin developers, and there are also third-party ones, supported by various crypto services.

It is not difficult to use our Bitcoin block explorer: in the search field, enter either a bitcoin address, or a transaction hash, or a block height (number), and you will receive extended information for your request. Under the search bar, you can see four important indicators — it is the current BTC market price (in dollars), Bitcoin network complexity (in hashes), the number of unconfirmed transactions, and the mempool size (in bytes). Under the indicators, there are two feeds in the form of tabs: a feed of recently mined blocks and a feed of recent bitcoin transactions.

Who needs a block explorer and why?

This useful tool is required to obtain reliable information about the network and the operations carried out in it. The following crypto community participants often use it:

• Miners, who actively mine coins: they strive to immediately verify the success of creating a block to make sure they will receive a reward for it;
• Sellers and buyers of coins, as well as goods and services for these coins: they regularly conduct transactions and check their confirmation on the network;
• Owners of crypto wallets, accustomed to the balance monitoring (even if they do not wait for a deposit): they can always make sure that their savings are safe without the need to log into the wallet;
• Researchers, enthusiasts, analysts, and journalists: they are simply curious to follow major transactions, look for the richest holders, and learn something for personal or professional purposes.

In general, there are plenty of reasons to use a block explorer. This is a helpful resource and the best way to explore blockchain. Explorers like Coin-Cap support the transparency and reliability of cryptocurrencies. Public access to the ledger allows building a decentralized trust system — this is the beauty of the blockchain technology.