Crypto Academy Season 3 Beginners Course-Homework Post For Task 2:Blockchain,Decentralization,Block explorer.
QUESTION3]WHAT IS A BLOCK EXPLORER? AND WHAT IS ITS PURPOSE AND USE? SEARCH FOR DIFFERENT CRYPTOCURRENCY BLOCK EXPLORERS AND LIST THEM BELOW. ATLEAST FIVE DIFFERENT CRYPTO CURRENCIES. ALSO EXPLORE THE TRANSACTION OF A CRYPTO COIN ON BLOCK EXPLORER AND EXPLAIN WITH THE HELP OF SCREENSHOT.
Block explorer are websites that users can use to access block information, addresses, transactions both current and past in the blockchain network, with the block explorer transactions id of any transactions on the blockchain can be viewed or explored.
Block explorer makes the information accessible and available to all.
Block explorer provides updates such as latest block or transaction, block size, amount transferred or sent, date and time of transaction, market capitalization, total transaction and circulation of the token etc. Moreover, block explorer enables particular transactions or addresses to be tracked or monitored to enable users to know the current situation of their transaction also provides hash rate.
Most block explorers provide daily chart, weekly chart, monthly, yearly or all-time chart to enable users make or analyze information about the network.
With all these information available on block explorers’ users gain information of past and current growth or decline in the transaction of that particular cryptocurrency.
Block explorers provides the source and destination of funds.
Different cryptocurrency block explorers include
1]viewblock.io
2]enjinx.io
3]explorer.coti.io
4]hecoinfo.com
5]ftmscan.com
6]monatokenview.com
7}sc.tokenview.com
Explore the transaction of a crypto coin on block explorer and explain with the help of screenshot
First login coinmarketcap.com then select synthetix
click explorer select hecoinfo.com
Here we have the list of transactions the first column txn hash is the transaction id of the different transactions, the second column age is the time the transaction occurred, the next column is the senders address followed by the receiver’s address, the last column signifies the quantity that was transferred.
scroll down and click any of the transactions hash id to get details of that particular transaction
Over here we can see transaction hash which is the id to identify that particular block transaction also timestamp which is 4 minutes ago coupled with the addresses of both the sender and receiver of tokens transferred.
scrolling down here we can see the transaction fee
Conclusion
Thanks to professor @yousafharoonkhan for the lectures.
Hello @nikoyana,
Thank you for taking interest in the 2nd Task of the Beginners’ class. Your grades are as follows:
Feedback and Suggestions
You write in simple and clear words. You clearly understand the topic.
On the question of different explorers, you were supposed to mention some cryptocurrencies and post the links of their explorers.
Thanks again as we anticipate your participation in the next class.
Thank you teacher