What is Etherscan? How does Etherscan work?
Etherscan io is a separate Ethereum based blockbrowser. Etherscan applications track blockchain transactions on the Ethereum network. So, what exactly is Etherscan? How does Etherscan work? Next, let's have a look.
What is Etherscan?
Etherscan is the most trusted tool to access all public data on the Ethereum blockchain, sometimes called "Ethplorer". This information includes transaction data, wallet address, smart contract, etc. The application is independent and not sponsored or managed by the Ethereum Foundation, a non-profit organization.
The team behind Etherscan includes experienced developers and industry professionals who have developed Etherscan applications to make it easier for daily customers to browse the Ethereum blockchain.
Although Etherscan is a centralized platform, the application does make it easier for people to search based on the Ethereum blockchain.
What are the uses of Etherscan?
Etherscan allows users to query the property held on any public Ethereum wallet address. Using Etherscan, enter any Ethereum address in the input box to query the current balance and transaction history of the wallet under consideration. Etherscan will also indicate any petrol charges and smart contracts involving the address.
Etherscan can also track the progress of transmission. One way to use Etherscan to track transactions is to use its hash key to search for it on Etherscan. The hash provides the user with an estimate of how long the transaction will last. The page refreshes after the transaction.
Etherscan can also be used as an analysis platform. Anyone can use Etherscan to analyze the indicators on the chain, such as Ethergas cost change, track their asset allocation and monitor the abnormal activities in their transaction history data.
How does Etherscan work?
To use Etherscan, simply enter any public Ethereum wallet address in the search field at the top of the Etherscan io homepage. Doing so will allow the user to query all transactions associated with the address.
Enter the wallet address on the homepage of Etherscan, and then click "Search" to jump to the page indicating all the wallet information. The data will include its ETH balance and the value in USD, as well as a brief description of its wallet transaction history. Click the transaction tab of the wallet, which will open a new page showing the details of all transactions involving the address. The details include transaction ID, block height and transaction determination time.
To explore and track individual transactions, customers will have to deal hashes or transaction IDs, or TxHash. TxHash is a unique data string used to mark transactions on the blockchain. When the customer enters TxHash in the Etherscan search box, the information list related to the transaction will be added to the page. From here, users can go to the "Transactions" tab to query more information about the above transactions. This type of data includes whether the transaction status is successful, pending or failed, and the total amount transferred.
You can also view the transaction value of ETH and the dollar value of ETH at the time of transaction. In addition to transaction cost, Etherscan also indicates the timestamp of each transaction, which is charged in USD.
Speaking of this, I believe you have a certain understanding of what Etherscan is and how it works. In general, Etherscan is free, and users do not need to register to browse all its functions. In addition, Etherscan is one of the leading tools for browsing reliable Ethereum blockchain data. Etherscan can view smart contract codes, track gas prices and monitor the Ethereum blockchain in real time.