Blockchain Explorer

November 21, 2023 - Around 2 mins mins to read

Understanding the Concept of a Blockchain Explorer

A blockchain explorer is a tool that allows users to browse the records of a distributed ledger, which is a fundamental aspect of blockchain technology. The transparency of cryptocurrencies is a key characteristic, and blockchain explorers enable users to take advantage of this transparency. Most cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), have public ledgers where all approved transactions are recorded. However, as the adoption of these tokens increases, the blockchain processes a large number of transactions every minute, making it challenging to extract information.

Blockchain explorers play a vital role in addressing this challenge. They enable users to enter a public or private address and retrieve information about all transactions associated with that address. Additionally, blockchain explorers provide details about the blocks added to the chain and the rate at which transactions are being processed.

The functioning of a blockchain explorer is relatively straightforward. When a user enters a search query in the explorer’s interface, the software sends the query to a node through an application programming interface (API). The blockchain explorer then connects to the node and extracts the requested information. Once the relevant data is extracted, the blockchain explorer organizes and presents it to the user in a searchable format. Some explorers also offer features such as checking the status of transaction validation, monitoring outstanding requests, and exploring the list of unconfirmed transactions.

While blockchain explorers primarily aim to promote the transparency of distributed ledger technology (DLT), there are tools available to protect the anonymity of addresses involved in blockchain transactions. Coin mixers are commonly used tools that hide the origin of a transaction. When a user sends funds to a coin mixer, the software combines multiple incoming transactions and sends the final address a completely new set of tokens that cannot be traced. Although the transaction is recorded on the blockchain, the destination address remains hidden as it appears as the address of the coin mixer.

Despite the availability of anonymity tools, blockchain explorers remain essential services as they provide access to valuable data recorded in the ledger. If you are interested in learning more about blockchain explorers and want to try using one, you can refer to our comprehensive Blockchain Explorer Guide and get started right away.