BTC Explorers: Everything You Need to Know

A blockchain explorer is a search engine used to find information on blockchain transactions. Blockchain explorers have come a long way since the first explorer for Bitcoin was launched in November 2010. In response to more blockchain-based altcoins being created, dedicated blockchain explorers have been developed to provide users with all the information they need. Read on to learn more about explorers tailored to Bitcoin, otherwise known as BTC explorers.

What Is a Blockchain Explorer?

A blockchain is a system of decentralized digital public ledgers that store transactions. Backed by application programming interface (API) and blockchain nodes, a blockchain explorer is an online tool that provides information about transactions made on a blockchain, transaction growth, the current network hash rate, and more. A blockchain explorer can also provide users with information on specific wallet addresses, such as the amounts transacted and the sources and status of transactions. These pieces of information can be extracted virtually via the explorer.