The role of blockchain browsers

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View transaction status: Block browsers are used to verify the transaction status during digital asset transactions and can help track the transfer of these assets from the source address to the destination address.

View transaction status: Block browsers are used to verify the transaction status during digital asset transactions and can help track the transfer of these assets from the source address to the destination address.

 

Miner Reward information: The Block browser can provide reward information about the successful creation of blocks and blockchain address search by miners, and can provide details about which miner or block builder receives the reward.

 

Blockchain browsers are often used to obtain information about crypto wallets and the total value of the assets held in them.

 

Miners and developers can use this search tool to monitor the success of their mining activities and the overall performance of the blockchain.

 

The blockchain browser can be used to confirm the status of transactions, including unconfirmed transactions and revealed mining difficulties.

 

The blockchain browser is used to search for transaction identification (ID), wallet address, transaction hash, hash rate, block height, etc., and to see the current size of the memory pool (mempool).

 

One of the functions of the blockchain browser, as the name implies, is to obtain information about blockchain statistics, market capitalization, token circulation supply, and visual charts.

 

The main concept of blockchain browser

Block: In blockchain, a block refers to a computer file that stores all the information about a blockchain transaction.

These blocks, which contain the blockchain's transaction data and the hash of the previous block, are linked to each other via cryptography, thus distinguishing each block. This forms an encrypted link, as the previous block is connected to the next block, thus ensuring the immutability and security of the blockchain.

 

Changing the cryptographic hash of the previous block invalidates subsequent blocks, as well as the entire blockchain.

 

In addition, blocks have the following functions:

 

Block height: Also known as block number, indicates the position of a particular block in the blockchain. It shows all proven blocks from the first or genesis block to the most recent block.

 

Block status: Shows the construction progress of the block.

 

Block difficulty: Every aspect of building blocks or adding blocks to the blockchain is very important, as are the obstacles involved. Block difficulty indicates the amount of work done to mine the new block.

 

Block size: Block formation varies. This is due to the limitation of different Gas charges, i.e. the total Gas charges used in block formation. The block size is in bytes.

 

Block time: The time it takes a miner to verify and add a new block to a previous block. Blockchains have different block times, for example, Bitcoin takes an average of 10 minutes to mine a block, while Ethereum takes 15 seconds to complete.

 

Additional features of the block browser

Timestamp: Indicates the age of the block, that is, the date and time when the block was created.

 

Cryptographic hash: Each block contains a unique cryptographic hash that records all transactions in the block. The cryptographic hash value of the new block contains the hash value of the previous block, which is mined and combined by cryptographic techniques.

 

Transaction hash: Also known as transaction ID, is a unique code assigned to each transaction. The transaction hash acts as a reference number used to search for blockchain transaction details. The transaction ID shows the status of the transaction, the history of the transaction, the amount sent or received, and the value of the asset involved in the transaction. In addition, the transaction hash is also a digital proof of payment, and changing the transaction hash of a particular block affects the entire network.

 

Transaction status: Transaction pending, successful, and rejected.

 

Hash rate: A visual representation of the computational resource predictions that miners implement for the blockchain.

 

Price: The Block Browser displays the current price (in US dollars) of the blockchain token. Token prices vary with the volatile crypto market. For example, Etherscan shows the recent price of Ethereum, a utility token in the Ethereum ecosystem.

 

Search bar: In the search bar you can get specific information about transaction hashes, wallet addresses, token transfers, new NFT mints, etc. The search bar is located at the top of the block browser.

 

Memory pool: Shows the total number of unconfirmed transactions in 24 hours, is a pool of all transactions waiting for miners to add to the block, and is an excellent indicator of how busy the network is and how much demand there is. In addition, the memory pool shows the number of transactions waiting to be mined and added to the blockchain.

 

Volume: Track activity in the blockchain and summarize the size of blockchain transactions during the day.

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