What is Blockchain?

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The blockchain browser acts like a search engine to search the blockchain, presenting information about the blockchain's past and present. This can help track a specific payment process or see the balance and history of an address. All anyone needs to do is connect to the Internet an

The blockchain browser acts like a search engine to search the blockchain, presenting information about the blockchain's past and present. This can help track a specific payment process or see the balance and history of an address. All anyone needs to do is connect to the Internet and use a browser to view all transactions on the public blockchain.

 

How does a block browser work?

Each blockchain will have a command line interface (CLI) to interact with the database and view the history of the network. However, browsers that use the CLI are not user-friendly for the general public. This is why most blockchains have browsers that use a graphical user interface (GUI) to display information in a more user-friendly interface.

 

The front page provides high-level data on the Bitcoin blockchain, including price, estimated hash rate, daily volume, and total transaction volume. You can also see the price chart and the memory pool size. At the bottom, we are able to monitor the latest blocks and transactions.

Let's look at the graphic in detail:

Prices: A summary of dollar prices in multiple markets. In most cases, the price depends on the supplier who quoted the price, rather than the spot price of a particular trading platform.

Estimated hash rate: Miners secure the blockchain by executing the current estimated force. This can be seen as an indicator to safeguard blockchain proof of work (PoW).

Transactions: The number of specific transactions confirmed in the last 24 hours. Transactions need to be loaded into a verified block (a block successfully mined by a miner) in order to be confirmed.

Volume: Measures the total value of confirmed output (settled in Bitcoin) on the blockchain in the last 24 hours. Due to the way Bitcoin works, this total value also includes the amount of unspent output that is returned to the "spending" wallet as change.

Volume (Estimated) : Estimate the true volume of transactions (settled in Bitcoin) transferred between dedicated wallets. Subtract the "transaction volume" above from the output returned to the "consuming" wallet as change.

Memory pool size: The memory pool size is based on the total number of transactions (in bytes) waiting to be loaded into the block, represents the amount of transaction activity in the blockchain, and can show the cost of quick confirmation.

Latest blocks: Displays a list of confirmation blocks in order from new to old. Details such as block height, timestamp, miner name (if known), and block size are included. Click "Block Height" to view the transaction information loaded into the block. Clicking "Miner" will display the address information of the block miner. The miner's public address may be a known mining pool address. For more information on the mining pool, please read this article.

Latest transactions: A list of valid transactions submitted to the memory pool. Once again, a transaction can only be confirmed if it is loaded into a verified block.

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