Educational Post:

What is a Block Explorer?

In short, a block explorer is a tool that provides detailed analytics about a blockchain network since its first day at the genesis block. We can say a block explorer acts as a search engine and browser where users can find information about individual blocks, public addresses, and transactions associated with a specific cryptocurrency.

Some block explorers also provide real-time statistics and market charts, as well as data about mining pools, pending transactions, network hash rate, rich list, block validators, orphan blocks, hard fork, and much more.

In regards to pending transactions, block explorers can be useful for users that are waiting for block confirmations. For instance, many exchanges provide their users with the transaction ID of their deposit or withdrawal request so they can track the movement of their funds in real-time.

Depending on the type of blockchain, block explorers can also serve as a general information hub. For instance, there are thousands of ERC-20 tokens running on top of the Ethereum blockchain, and users can find data about them by checking their smart contracts on Etherscan or other Ethereum block explorer.
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