Blockchain technology’s popularity is increasing day by day. The number of people interested in this technology keeps on rising along with developers focusing on dApps. This brings an increase in crypto activities and transactions. Traceability, security, and anonymity are the most common features of blockchain technology.
Ethereum is a commonly used blockchain and Ethereum blockchain explorers were created to find more details about this blockchain network. An Ethereum blockchain explorer allows you to see all the real-time data regarding the blocks, accounts, and transactions. It can be considered an efficient interactive portal to find all information regarding the Ethereum blockchain.
Blockchain explorers adhere to the basic principles of DeFi technology and blockchain. Users of blockchain technology must be able to assess the data in the blockchain to ensure that all the activities and transactions are traceable and transparent. Ethereum blockchain explorer is one such tool that allows users to see all the details of crypto transactions, wallets, etc. They can be considered search engines that are easy to use and provide you with the information you are searching about the Ethereum blockchain.
An Ethereum blockchain’s functionality is pretty impressive and lengthy. Some of them include
- Tracking the details of transactions including hash rate, transaction amount, gas fees, etc.
- Find all details about the transaction history of a particular wallet address.
- Find out the biggest transactions that happened recently.
- Search for wallet addresses of senders and recipients.
- Find out the pool or person responsible for creating an individual block.
- Chasing the path of scammed, hacked, or stolen funds.
Other information collected by an Ethereum blockchain include
- Blocks
A new block will be added every 12 seconds to an Ethereum blockchain. Therefore, it is very important to analyze these blocks in real time. Using an Ethereum blockchain explorer, a user can easily find details about each block such as block height, transaction numbers and their time, wallet address of the miner, block size and the complexity to mine it, miner’s reward amount, units of gas required, etc.
- Uncle blocks
When two miners authenticate a block and simultaneously add it, an uncle block is created. However, only one of them will be added to the real blockchain with its parent block. The other block is called the uncle block. In such cases, both miners get an equal share of the reward.
- Wallets
Ethereum blockchain easily allows users to find the details of a specific wallet address. Most of the projects have a public wallet address, which allows people to monitor their activities and transactions. An Ethereum blockchain provides details like wallet address, Ethereum value of the wallet, transaction history, tokens in the wallet, and their value, etc.
- Gas
This is a difficult phenomenon in the case of blockchain transactions. Ethereum blockchain explorer allows you to find out exactly what gas is, how to use them, and the amount of gas that was consumed. You can also see information regarding confirmation time vs an average gas fee, estimated gas needed to complete a transaction, and the active contracts that are consuming gas.