{"id":32426,"date":"2022-04-08T00:22:40","date_gmt":"2022-04-08T04:22:40","guid":{"rendered":"https:\/\/101blockchains.com\/?p=32426"},"modified":"2025-03-17T02:58:07","modified_gmt":"2025-03-17T06:58:07","slug":"etherscan","status":"publish","type":"post","link":"https:\/\/101blockchains.com\/etherscan\/","title":{"rendered":"Everything You Should Know About Etherscan"},"content":{"rendered":"

The multitude of articles, blogs, and discussions on blockchain technology<\/a> all over the internet indicates how significant it has become in recent times. One of the biggest names in the world of blockchain, Ethereum<\/a>, is obviously an important highlight for any blockchain enthusiast<\/a>. How can you navigate the Ethereum blockchain? The answer takes you to a blockchain explorer<\/a> like <\/span>Etherscan, which can offer the best foundation for learning the fundamentals of exploring blockchain.<\/span>On the other hand, many of you must have come across the term for the first time. The following <\/span>Etherscan tutorial helps you understand the blockchain explorer tool in detail alongside reflecting on the best practices for using the tool.<\/span><\/p>\n

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What is Etherscan?<\/b><\/h2>\n

\"Etherscan\"<\/p>\n

The first entry in any discussion on <\/span>Etherscan would obviously refer to its definition. It is basically a blockchain explorer designed for the Ethereum network and there are no marks for guessing that. The website or block explorer can help you review public data on all transactions, addresses, smart contracts<\/a>, and many other things on the Ethereum blockchain. Many of you would ask \u201c<\/span>how does Etherscan work\u201d and the simplest answer is that it works as a search engine for the Ethereum blockchain.<\/span><\/p>\n

All you need is a transaction hash or the transaction ID and you can check all the activity associated with the transaction such as involved tokens, wallet addresses, and smart contracts. The block explorer can serve as a crucial instrument for understanding what actually happens in a user\u2019s interactions with blockchain networks, decentralized apps<\/a>, and wallets.<\/span><\/p>\n

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How Can I Use Etherscan?<\/b><\/h3>\n

The next important topic after \u201c<\/span>what is Etherscan\u201d draws the limelight towards using the block explorer. Interestingly, you don\u2019t have to sign up for the block explorer website. However, you can create an account that offers additional functionalities such as alerts for incoming transactions, creating data feeds, or access to developer tools. The common requirements in answers for \u201c<\/span>how to use Etherscan\u201d would focus on a wallet address, contract address, a transaction ID, or any other identifier for a transaction.\u00a0<\/span><\/p>\n

If you are thinking of the possibilities for an <\/span>Etherscan wallet, then you might be disappointed. The block explorer does not offer an Ethereum wallet for storing your private keys. In addition, you should also note that the block explorer tool does not facilitate any opportunities for trading. However, it is a reliable source of information on the Ethereum blockchain network alongside accessing a smart contract database.<\/span><\/p>\n

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Why Will I Use Etherscan?<\/b><\/h3>\n

Well, you cannot use Etherscan for trading or storing your private keys. You can only access information through Etherscan. Therefore, you can have a clear answer to \u201c<\/span>is Etherscan safe\u201d as it provides only information. It is a trusted block explorer for the Ethereum blockchain<\/a> and offers credible functionalities in checking on-chain information. Even if you won\u2019t find native <\/span>Etherscan tokens, the block explorer gives you in-depth insights into the different on-chain transactions in the Ethereum blockchain. Access to in-depth information about interactions with blockchain networks can help in understanding transactions in decentralized applications<\/a> and other blockchain-based solutions. As a result, users can find a vital reason for using Etherscan to stay vigilant of suspicious blockchain activity.<\/span><\/p>\n

For example, you can learn <\/span>how to use Etherscan for setting whale alerts which can help you detect the movement of large amounts of crypto<\/a> on an exchange. In addition, the block explorer gives you a detailed impression of how the project developers or founders and using the native tokens. Subsequently, you can use the information from <\/span>Etherscan to keep a lookout for rug pulls or other potential scams.\u00a0<\/span><\/p>\n

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How Can I Check a Transaction and Wallet with Etherscan?<\/b><\/h3>\n

One of the basic highlights in \u201c<\/span>how does Etherscan work\u201d focuses profoundly on transaction tracking. As a matter of fact, it is the primary functionality of the block explorer for the Ethereum blockchain. You can unlock a lot of information on a blockchain<\/a> network once you know how to trace a specific cryptocurrency<\/a>. What if you want to check a specific transaction and wallet on Ethereum? For example, you have sent 1 ETH<\/a> to a public address alongside a transaction fee.<\/span><\/p>\n

Once you complete the transaction, you will receive a transaction ID on your wallet\u2019s display. You can use the transaction ID for checking out <\/span>Etherscan wallet tracking functionalities with a few simple steps. Here are some basic methods for verifying the number of confirmations for the specific transaction of transferring 1 ETH.\u00a0<\/span><\/p>\n

Step 1<\/b><\/h4>\n

Open the <\/span>Etherscan homepage and navigate to the search box at the top of the page.\u00a0<\/span><\/p>\n

Step 2<\/b><\/h4>\n

Enter the transaction ID you received on your wallet in the search box and select the search icon.\u00a0<\/span><\/p>\n

Step 3<\/b><\/h4>\n

The next page displays all the details about the transaction. You can find the following basic details on the page.<\/span><\/p>\n