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What is Etherscan and How to Use It

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What Is Etherscan And How To Use It
What is Etherscan and How to Use It

Etherscan is a block scanner and analytics platform that allows users to obtain information about any pending or confirmed transaction on the Ethereum blockchain network. This article is a review of Etherscan.

What Is Etherscan And How To Use It??

What is Etherscan and How to Use It

Etherscan is a block scanner and analytics platform that can examine all public data on the Ethereum network. With this platform, users can securely access data on the Ethereum network. This data includes transaction data, wallet addresses, smart contracts, etc. The Ethereum Foundation is not behind this completely independent platform.

The team behind this platform consists of developers, software developers, and crypto industry professionals. The platform, which is completely free to use, aims to make the Ethereum blockchain even more transparent and increase its accessibility.

What can Etherscan be Used for?  

What Is Etherscan And How To Use It?

As mentioned at the top of our article, this platform can be used both to perform analytics on the Ethereum block and as a block scanner. Using this platform, users can view the assets of any Ethereum wallet. Users can see the current balance of the wallet whose assets they are analyzing, as well as its transaction history. Moreover, it is very simple to do this. It is enough to enter the desired wallet address in the search field on the platform’s website.

Some Intended Use

Some of the uses of Etherscan are as follows:

  • Tracking instantaneous gas fees on the Ethereum network
  • Validate smart contracts
  • Reviewing crypto assets available on a public wallet address
  • Tracking instant transactions on the Ethereum blockchain
  • Verifying a transaction from any Ethereum wallet
  • To check whether smart contracts have a verified source code and/or security audit
  • Find out how many smart contracts a wallet authorizes
  • Review and/or revoke access to a wallet for any dApp

In short, this platform can be used for the above purposes.

An Analysis Platform

Etherscan can also be used as an analytics platform. For example, it can be used to analyze on-chain metrics such as changes in Ethereum (ETH) gas costs, track portfolios, and detect suspicious activity.

Although Etherscan is a centralized platform, it is very useful for both users and developers. Moreover, this service increases the transparency, usability, and accessibility of the Ethereum network.

How to Use Etherscan?

What Is Etherscan And How To Use It?

First of all, users do not need to be a member to use this platform. However, users can access extra features by creating an account. The platform also provides API services for developers to create dApps.

Users can obtain the following information for all incoming and outgoing transactions on the platform:

  • Hash of the transaction
  • Number of blocks in which the transaction was recorded, and the time the transaction was confirmed
  • Sender and recipient addresses
  • Gas fee
  • Quantity sent
  • Total transaction fee

To use Etherscan, users can enter any Ethereum wallet address in the search bar at the top of the Etherscan.io homepage to view all transactions associated with that wallet.

Summary

Etherscan is a centralized application that allows users to access transactions that have occurred or are pending on the Ethereum blockchain and allows users to access additional information. This easy-to-use platform is not managed by the Ethereum Foundation. The project’s team consists of developers, software developers, and industry professionals to make the Ethereum blockchain more accessible to everyday users.

By making the Ethereum network more transparent and accessible, this platform is also used for analytics purposes. As an analytics platform, Etherscan allows users to access some on-chain data to make measurements and observe suspicious activity on the Ethereum network.

SOURCE

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Written by
Burak DANACI

The author focused on financial markets after graduating from Anadolu University, Department of Economics. After meeting with blockchain technology in 2019, he produces content on youtube and twitter in this field.

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