Module 6 of 18 β€’ Week 2: Getting Started with Crypto
πŸ› οΈ Module 2.3 β€’ 20 min practice

Reading Block Explorers

Learn to track transactions, verify balances, and investigate on-chain activity like a blockchain detective

What You'll Learn

🎯
Navigate Etherscan, Solscan, and other explorers
🎯
Read and understand transaction details
🎯
Track wallet balances and history
🎯
Verify smart contract interactions

Your Window into the Blockchain

Block explorers are like Google for blockchains. They let you search and view every transaction, wallet, and smart contract on the network. Everything on the blockchain is publicβ€”explorers just make it readable for humans.

Think of a block explorer as a search engine combined with a financial audit tool. You can see where money came from, where it went, when it moved, and how much it cost. This transparency is what makes blockchain revolutionary.

πŸ”

Pro Tip: Bookmark These

Save your favorite explorers: Etherscan.io for Ethereum, Solscan.io for Solana, Blockchain.com for Bitcoin. You'll use them constantly in DeFi!

What Can You Search?

Block explorers let you search for:

πŸ”Ή Transaction Hash (TxHash): A unique ID for every transaction, like a receipt number. Example: 0x123abc...

πŸ”Ή Wallet Address: Any public address to see its balance, transactions, and tokens. Example: 0x742d35...

πŸ”Ή Block Number: A specific block in the chain to see all its transactions. Example: Block 15234567

πŸ”Ή Token Contract: Smart contract addresses to see token supply, holders, and transfers. Example: USDC contract

πŸ”Ή ENS Names: Human-readable names like vitalik.eth instead of long addresses.

Anatomy of a Transaction

πŸ” Etherscan Transaction Details
etherscan.io/tx/0x2a5c...8f3d
Status
βœ… Success
Block
17,543,210
Confirmations
147 blocks
Timestamp
2 mins ago
Transaction Hash:
0x2a5c89f7...3b4e8f3d
From:
0x742d35Cc...38dA9 (Alice.eth)
To:
0x9b5e4f7d...2c3a1 (Bob.eth)
Value:
0.5 ETH ($1,000)
Transaction Fee:
0.002 ETH ($4.00)
Gas Price:
30 Gwei
βœ…
Transaction Status
Shows if the transaction succeeded, failed, or is pending. Failed transactions still cost gas!
⛓️
Block Confirmations
More confirmations = more secure. Usually 12+ blocks means it's final.
πŸ’°
Value & Fees
See exactly how much was sent and how much was paid in network fees.
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Input Data
For smart contract calls, see the function called and parameters passed.
πŸ”„
Token Transfers
View all tokens moved in the transaction, not just ETH/SOL.
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Gas Usage
See how much gas was used vs the limit, helping optimize future transactions.

Try It Yourself

Practice Searching

Found: Address

Reading Wallet Pages

When you search for a wallet address, you'll see:

πŸ“Š Overview: Total balance in native token (ETH/SOL) and USD value

πŸͺ™ Token Holdings: All tokens owned by this wallet with values

πŸ“œ Transaction History: Every transaction in and out, sortable by date

πŸ“ˆ Analytics: Charts showing balance over time and transaction patterns

πŸ€– Smart Contract Interactions: DeFi protocols used, NFTs owned, etc.

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Privacy Note

Remember: All blockchain activity is public! Anyone can see your balance and transactions if they know your address. This is why some people use multiple wallets.

Popular Block Explorers

Etherscan

The most popular Ethereum explorer. Features advanced analytics, verified contracts, and gas tracker.

Visit Etherscan β†’

Solscan

Best Solana explorer with detailed transaction info, NFT tracking, and DeFi analytics.

Visit Solscan β†’

Blockchain.com

Original Bitcoin explorer. Simple interface for BTC transactions and addresses.

Visit Blockchain β†’
🏷️
ENS & Name Service
Search "vitalik.eth" instead of 0x... addresses. Much easier to remember!
✍️
Verified Contracts
Green checkmark means the code is verified and you can read it.
⚠️
Scam Warnings
Explorers flag known scam addresses and contracts. Always check!

Check Your Understanding

What does a transaction hash uniquely identify?
What can you NOT see on a block explorer?
Why might a transaction show as "Failed" but still cost gas?

Before Moving On