Blockchains store massive amounts of data. In fact, secure data storage is one of the key components of blockchain technology. Hence, it can be difficult for some to keep up with the continuous updates in the ecosystem. This is when blockchain explorers may come in handy.

Often referred to as a search engine for a blockchain ecosystem, they provide the latest accurate information related to the entire ecosystem of a specific platform. In this article, the GetBlock team will take a look at the world of blockchain explorers and their incentives as well as how users can benefit from GetBlock blockchain explorer.

What is a blockchain explorer?

A blockchain explorer is a software used to view blockchain’s technical metrics, including but not limited to transaction status, block height and speed, hash rates, memory pools, and wallet balances. Blockchain explorers have different functionality – most of them provide advanced data and statistics on specific chains and allow developers to instantly access detailed information in one convenient spot, while also having a simplistic and intuitive design.

To put it simply, a blockchain explorer is an easy-to-use online tool designed for scanning through blockchain data. If you are dealing with blockchain systems, this is a fundamental instrument to use. For instance, you can look up information related to incoming and outgoing transactions for a specific address, or the total amount of transferred funds, and so…