A block explorer allows you to explore the whole blockchain of the cryptocurrency you are using.
Can I use one explorer for every coin?
Definitely no! It needs to be underlined that you can’t use a block explorer for a blockchain it wasn’t meant for. For example, you won’t be able to track Digibyte transactions with a BitcoinZ block explorer.
You need a Digibyte Explorer in order to track Digibyte transactions, a BitcoinZ explorer in order to track BitcoinZ transactions and so on.
What information I can track with the blockchain explorer?
1. You can monitor the blocks feed: With the Block explorers you can monitor the recently mined blocks on your favourite cryptocurrency’s blockchain. Typically the most explorers provide a live feed for all the blocks that are being added to the blockchain in real time.
2. You can see the transaction feed: A Blockchain explorer allows you to explore the transactions in any block that has been mined and is currently attached to the associated cryptocurrency‘s blockchain.
3. You have a transaction history of a given address: With a blockchain explorer, you can check the history of any public address and audit its balance, how many transactions it has received etc.
4. You see the largest transaction of the day: Some block explorers keep data for the largest transactions done in a day.
5. You check Mempool Status: Through a blockchain explorer, you can see the status of mempool where you will find a total number of unconfirmed transactions along with the related transaction details.
6. You investigate problems like double spending incidents or orphaned blocks.
7. You can check which mining pool found a specified block.
8. You can find information for the Genesis block of the blockchain or any other specific block.
Example : Using the BitcoinZ Explorer!
For our example we are going to use the popular BitcoinZ explorer https://explorer.btcz.rocks/
By entering the desired element in the upper search field, the user can get the related results.
For example, information about a transaction (using a tx id), a public address (using a transparent address starting with “t1”) or a specific block (entering the block number).
If you enter the block number 20000, you will get the screen that we have below as an example. (alternatively use this link https://explorer.btcz.rocks/block/0000000269ad53a7037ce6645f52e932f00c64a62c1ef7fc82cff92867f31c70 ).
So in this screen you can see:
-The number of transactions (8) that have been excecuted in the 2.5 minutes that this block has verified and saved.
-The height of the current block (20000) the previous (19999) and the next one (20001).
– Who mined this block and which was the difficulty of the block.
-The exact time and date of the block (timestamp).
– The number of coins that this block generated to its miner (12500) and number of confirmations during this block’s time.
– Several technical information like the size, the merkle root, nonce and the solution.
– The user can scroll down in order to have an analytical list with all the transaction details that took place during the block 20000.
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