Crypto Academy / Season 4 / Beginners/ Task 4 : The Block Explorer

In the world of digital currencies, a block explorer is a tool or browser that is used to identify the details of current or previous transaction data. We can we the block explorer to audit any cryptocurrency transaction in no time. Multiple block explorers are being used in the digital currency market to verify the transactions.

And what are its purpose and use?

Understanding cryptocurrency science is very important to produce profit out of it. Traders must learn the cryptocurrency algorithm to avoid risks and losses. Block explorers give accurate and to the point information to the traders. With the help of block explorers, we can analyse the market data that which currency is worth investment and have a growth trend. A trader can see the activities that are being performed on the blockchain. Also, it can save the precious time of the investors. Block explorers are essential tools to analyze any digital currency growth and market trends. So, it is highly recommended for cryptocurrency investors to use it before investing.

Usage of block explorers in cryptocurrency!

In blockchain technology, block explorers have become the most useful and important factor to analyse market data. Block explorers are being used to perform the following activities:

1. It is being used to navigate the unconfirmed crypto transactions in the market.

2. It is also helpful to identify the transactions on specific wallet addresses.

3. Another major use of block explorer is that we can enhance transaction transparency in the first place. It helps to identify the transaction with the help of a hash that is associated with the block for a certain transaction.

4. Double spend transactions are also can be navigated with the help of block explorer.

5. Mempool stale block can be used to verify the details of unconfirmed transactions in the market.

6. We can also view the fee details of transactions like blockchain different.

Search for different cryptocurrency block explorers and list them below. At least five different crypyo currencies.

Following is the list of block explorers that are being used in the market.

1. Bitcoin Block Explorer Link

2. Ethereum Block Explorer Link

3. Tron Block Explorer Link

4. Steem Block Explorer Link

5. Zcash Block Explorer Link

Also, explore the transaction of a crypto coin on block explorer and explain with the help of a screenshot.

well, I am reading the assignment very carefully then I have an idea how to check a transaction on any Blockchain explorer.

Today I am telling you how to check a transaction on stem blockchain, This is my steem Account @attiyaasghar I will show transactions through screenshots.

First of all, we have to go on google and search steem block explorer there you will find many explorers regarding steem blockchain, But I am using Steemblockexplore as you can see in the screenshot and click on it.

When you click on the First option you will land on the steemblockexploereThere you can see much information like. SBDprice, Steem Price, Basefeed price, and internal market volume, and also there you can find also the latest Blocks, In the search bar you have to put your desired steem account name and press the search button.

when you entered the username you will find all information regarding the steem account i.e, Reputation, post, and vote power, and also down power everything you can see easily and if you want to see the transaction you have to copy the hash link.

Hash code : c00de4b7c610c7ea817040dea39a64d6577f4290

when you copy the Hash code you must have to visit on steemscan .

when you reached on stems can website you have to paste the hash code on the search bar. as you can be seen on the screenshot.

And finally, here you can find the transaction history.

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