Etherscan launches a DEX transaction tracker,

Etherscan is a block explorer for the Ethereum blockchain. It allows users to easily search and browse transactions and blocks. 

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What is Etherscan?

Etherscan is a block explorer for the Ethereum blockchain. It allows users to easily search and browse transactions and blocks. It also provides information about each transaction and block, such as the hash and timestamp.

You can think of Etherscan as the Google of Ethereum. Just as you would use Google to search the internet, you can use Etherscan to search the Ethereum blockchain.

In fact, block explorers like Etherscan are often called “blockchain browsers” or, informally, “blockchain search engines.”

Etherscan is not the only block explorer for Ethereum, but it’s the more popular one. Some use it to track their own transactions, while others use it to see what’s happening on the Ethereum network as a whole.

Below is a list of a few more Ethereum block explorers:

So, what does Etherscan do that enables it to simplify all that blockchain data?

How does Etherscan work?

Etherscan is built on top of the Ethereum blockchain, so it can access all of the data stored on it. It uses a combination of technologies, including blockchain explorers, web3 libraries, and decentralized applications (dapps), to display this information in an easy-to-use format.

There are three parts to this:

Fetching data

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Storing data

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Producing data

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Why should you use Etherscan?

We discussed a few features of Etherscan, like looking up transactions and smart contracts. But there are a few more reasons why using a block explorer like Etherscan can be helpful. 

On-chain analysis for trading and investing

If you are into cryptocurrency trading or investing, then Etherscan can be a valuable tool for your on-chain analysis.

On-chain analysis is the process of analyzing a blockchain to get insights into the health of a cryptocurrency.

With Etherscan, you can get data about the number of transactions, the gas used, and the value transferred. This data can be helpful in making trading or investment decisions.

Whale movement tracking

Another use case of Etherscan is tracking the movement of “whales”: wallets that hold large amounts of ETH.

By looking at the transaction data on Etherscan, you can get an idea of where the whales are moving their money. This information can be useful in predicting price movements.

How to check gas prices on Etherscan

Etherscan has a dedicated page for tracking gas prices on the Ethereum network.

The page shows the average gas prices for the past seven days, as well as the prices for the last few blocks.

The road ahead for Etherscan

Etherscan has come a long way since its launch in 2015. It is now one of the most popular block explorers for Ethereum and has millions of monthly users.

The team behind Etherscan is continuously working on new features and improvements. Next up, we can expect to see more developments around BeaconScan, a new project by Etherscan that is currently in beta. 

BeaconScan is an Ethereum 2.0 block explorer that lets users track the progress of the ETH 2.0 staking process. It will be a handy tool now that the Ethereum Merge is complete. 

Frequently Asked Questions (FAQs)

How do you search for a transaction on Etherscan?

Follow the steps below to look up a transaction on Etherscan:

  1. Go to etherscan.io

  2. In the search bar, enter the transaction hash

  3. Click on the search icon or hit “Enter”

You will see the details of the transaction as well as the status of the transaction.

If the transaction is pending, it means that it has not yet been included in a block.

If the transaction is confirmed, it means that it has been included in a block and is now part of the Ethereum blockchain.

Is Etherscan a wallet?

No, Etherscan is not a wallet.

Etherscan is a block explorer and analytics platform for the Ethereum blockchain.

Do users need an account to use Etherscan?

No, users do not need an account to use Etherscan.

However, creating an account gives users access to additional features like the API, Address Watch List, and transaction private notes.

Is Etherscan free to use?

Yes, Etherscan is free to use for all. It does, however, offer some advanced functionalities like making a greater number of API calls per second and Explorer-as-a-Service for a premium price.

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