A blockchain browser is a tool for users to browse and view information about any public api for blockchain network.
What is a Blockchain browser?
Blockchain Browser (i.e., Blockchain browser) is a software application for users to extract, visualize, and view blockchain network metrics, including important information about cryptocurrency transactions, such as transaction history, wallet balances, transaction fees, and more. Block browsers are usually accessed online via a web browser.
Each blockchain has its own unique block browser, and information about Bitcoin transactions can only be accessed through the Bitcoin block browser. Ethereum block browsers include EtherScan and Ethplorer, while Bitcoin block browsers include Blockchain.com, Tokenview and Blockchair. Block browsers can be either private or public, depending on the blockchain in question.
The blockchain browser can be seen as a "browser" and "search engine" for blockchain and cryptocurrencies. They can act as information hubs, providing detailed analysis about individual blocks and addresses. They may also be useful for getting real-time charts and data on transaction status, hard forks, hash rates, and more.
Why use a block browser?
Individuals can use the block browser to monitor the status of their transactions and see if a transaction is completed or pending/unconfirmed based on network confirmation. Users can do this by entering the transaction ID in the block browser's search bar.
Users can also track the current state of the cryptocurrency network through the blockchain browser, such as the total amount of cryptocurrencies in circulation and cryptocurrency destruction transactions. In addition, users can monitor all transaction history as well as sender and recipient addresses.
Some of the information that can be viewed on the blockchain browser includes:
Memory pool size/status
Block difficulty
Average block size
Average transaction cost
Latest block
Network hash rate
Double payment event
Biggest trade of the day
The Genesis block of the blockchain network
Market analysts use block browsers to monitor and evaluate wallet addresses, particularly those of crypto whales, to better understand buying and selling and possible shifts in market sentiment.
