Blockchain Explorer
A Blockchain Explorer is a tool that enables users to investigate any public cryptocurrency's blockchain. It provides the ability to review blockchain transactions as they are recorded, check wallet balances and their entire transaction history, and monitor the status of transactions.
Traders, investors, and analysts utilize blockchain explorers to examine specific wallet addresses in order to gain insights into buying and selling activities, as well as potential changes in market sentiment. For example, wallet addresses identified as belonging to whales (based on publicly accessible portfolio size) are closely monitored by analysts for significant asset transfers to and from exchanges, which may indicate that a whale is preparing to sell a substantial portion of their assets.
Blockchain explorers also allow you to view and analyze:
- a blockchain’s recent blocks
- the transactions within a specific block
- the genesis block of a blockchain
- mempool status
- the largest transaction of the day
- double-spend incidents
- blockchain difficulty
- hash rate
- average transaction fees
Some blockchain explorers focus on analyzing a single blockchain, while others provide the capability to explore over 20 blockchains through the same interface.
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