Etherscan: The Ultimate Ethereum Blockchain Explorer

Table of Contents

What is Etherscan?

Etherscan is a tool for viewing Ethereum blockchain transactions and smart contracts as well as all the information connected thereto. Being one of the most visited and credible blockchain explorers in the crypto market, Etherscan offers the users friendly and straight-forward interface for novices and expert users of blockchain technology.
For anyone interested in the Ethereum blockchain, Etherscan is an invaluable tool if you wish to view transaction history or check balances on a wallet or for contracts as well.

Features of Etherscan

Transaction Tracking:

For instance, Etherscan uses the TXID Technique as a way through which users can search for certain Ethereum transactions. Here you can see more specific data of the desired transaction including sender’s address, receiver’s address as well as the gas fee and the status – whether it is still in process or already confirmed.

Smart Contract Interaction:

All the Ethereum dApps typically require one to engage with at least one smart contract. Considering that the information is collected in a decentralized system based on blockchain, users can also view the source of the smart contracts, check their status, or even use Etherscan to interact with them directly on the website.

ERC-20 Token Tracking:

Etherscan is used for viewing tokens on the basis of the ERC-20 standard. If you type in the contract address of a token, you can see the complete supply of it as well as the different holders and other information connected with it.

Gas Tracker:

Currently, Etherscan contains a built-in gas tracker that shows current gas prices, or users can find out how much gas their transaction may occupy, allowing them to adjust their transactions in an attempt at reducing the fees they have to pay.

Address and Wallet Explorer:

Some of the user contributions include searching for a particular Ethereum wallet address to check balance and history. This feature makes it easier to follow the activity of specific wallets or coins, assets.

How to Use Etherscan

Search Transactions or Addresses:

Simply paste the Transaction Hash or the Wallet address of the transaction to generate detailed information of the respective transaction or even the balance in your OG wallet.

Analyze Contract Information:

To learn more about usage of the Ethereum smart contracts, one can go to Etherscan and type the contract address of any smart contract to overview the source code of the smart contract as well as the history of transactions made in connection with the smart contract.

Track Tokens:

To track your favourite ERC-20 tokens, input their contract addresses to view real time information on their price activity, owners and much more.

Monitor Gas Fees:

To monitor of the current network congestion you can use a feature called Gas Tracker and manage your transactions in concordance with it.

Benefits of Using Etherscan

Transparency:

In their work, Etherscan is useful for anyone who wants to make sure the details of the transaction are correct or vice versa, any data in the blockchain. It offers the benefits of an open record of all activities since it helps to achieve transparency and security.

User-Friendly:

The practicality of the application is realized by simple and uncluttered design which contributes to it being beginner friendly.

Comprehensive Data:

User data related to Ethereum’s transactions, tokenomics, smart contracts, and more are available with Etherscan.

Conclusion

In speaking of Ethereum, Etherscan is an indispensable instrument for everyone concerned with Ethereum blockchain. Regardless of your role whether in the development process, as an investor or fan, etherscan enables you to easily verify data. As such, through application of Etherscan you get full visibility of the Ethereum network which in effect leads to improvement of the experience on the ecosystem.

Disclaimer: The content provided reflects the authors personal opinions and is influenced by current market conditions. Conduct thorough research before making any cryptocurrency investments. The author and the publication are not liable for any financial losses you may incur.