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Hellow fello steemians this is my Homework post for task 2
I will be answering question 3
(3) What is a block explorer? And what is its purpose and use? Search for different cryptocurrency block explorers and list them below. At least five different crypyo currencies. Also explore the transaction of a crypto coin on block explorer and explain with the help of screenshot.
What is a Block explorer.....
Our Professor @yousafharoonkhan made us to understand that a block is a vessel or container which stores or contains informations, and we all know that to explore means to examine, seek out or search for more information about a particular thing. Now in this simple term we can see that a block explorer is simply a place where your get to see much more or find out more information about a particular block. Or you could say a block explorer is a tool to seek out more informations about a particular blockchain like its current value,amount in circulation e.t.c
And what is its purpose and use?
A blockchain explorer was specifically created to help individuals to explore informations about a particular blockchain it can be used for a lot like
- 1 Confirmation of transactions
In some situations transactions takes time to get to the receiver cause of slow tps in the blockchain or in some cases people tend to lie about whether they have performed a transactions or not but with the help of a block explorer you can see a recent transactions and live and you can actually confirm whether such a transaction took place or not if you have the transaction ID or Hash
By inputting your id on the search bar you can see yoyr transactions details
- 2 Updates
In blockchain explorers like blockchain.com you get to see statistical data like active accounts new accounts, holders, amount of zero wallets number of large transactions, most recent transactions e.t.c it generally just gives you a broad overview of what is most recently happening on the blockchain currently
- 3 Live Price check
In block explorer you get price updates in block explorers like ethplorer.io which is an explorer for Kucoin you get to see price charts very recent prices which helps you get insight on what the blockchain current price is at and what people are paying for at a live time
4 To obtain Solid information
In blockchain explorers like steemblockexplorer.com you get to see concrete information about steem informations like market cap, number of registered accounts, maximum block size e.t.c
Search for different cryptocurrency block explorers and list them below. At least five different crypyo currencies.
Crypto | Link
Harmony (ONE) | https://explorer.harmony.one
Ontology (ONT) | https://explorer.ont.io/
Icon (ICX) | https://iconwat.ch/
Stacks (stx) | https://explorer.stacks.co/
ZCASH (Zec) | https://explorer.zcha.in/
Monero (XMR) | https://explorer.cardano.org/
Dash(DASH) |https://insight.dash.org/insight/
Cardano (ADA) | https://explorer.cardano.org/
Polka dot(DOT) | http://polkascan.io/
OMG Network (OMG) | https://omg.eco/blockexplorer
Also explore the transaction of a crypto coin on block explorer and explain with the help of screenshot.
For this last aspect of the question I would want to explore around the Cardano(ADA) blockexplorer at Explorer link
The explorer home page looks like this
If you want to change your language on this explorer you simply tap
on the english and it gives you 3 other languages to choose from
Now say someone performs a transactions and you want to verify the information with either the hash or the transaction id
You simply paste your id on the search bar and enter information about the transaction will appear
On the home page you will find real time live datils of transactions currently processed or ongoing
And if you wish to see in details informations about specific transactions you click on it and information like this appears
Now on this end of the home page
Informations like how the foundation was started, news on the cyrtocurrency how to join thier communities and how to submit reports if you have any
And much more!!
Conclusion
The limitless opportunity a block explorer offers cannot be stressed it helps you have a general insigth over things in one place the stress of having to navigate from one website to another looking for valid or concrete information is reduced.
I would like to show you an easy way to find explorer for any crypto coin you want this way you won't have to be searching around for each blockchain explorer you want to use
Step 1
Go on www.coinmarketcap.com and select a coin of your choice
In this case i selected Cardano(ADA) and as you can see i indicated in the rectangle the explorer link..
By clicking this it will either take you to the only explorer it has available or give you a list to choose from
As you can see here this coin has lots of exexplorers available and you can explore from any one you choose
Thank you !!