wallet they hold. Moreover, it&rsquo;s also possible to see every transaction a particular wallet took part in.</p>\n<p>The majority of cryptocurrencies, such as <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum and <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin, have transparent ledgers that document all exchanges that are checked and certified by node administrators. Nonetheless, as these currencies become more popular, hundreds of deals are conducted each minute, <strong>making it difficult to retrieve data from the blockchain.</strong></p>\n<p>Aside from that, blockchain explorers allow users to enter a public or private address and acquire knowledge on all transactions that flow to and from that address. Users are also able to see blocks that aren&rsquo;t attached to the main blockchain, as well as the new ones that were added.</p>\n<p>Even though blockchain explorers are made to showcase the transparency of distributed ledger technology, additional tools can secure the anonymity of addresses that do exchanges on the blockchain. One of which would be the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-coin-mixer/">coin mixer</strong></a> that masks the origin of a transaction.</p>\n<p>When a user submits assets to a coin mixer, the program mixes multiple other incoming transactions and delivers a whole new set of tokens to the ultimate address, which cannot be identified. As a result, while the transaction will be recorded on the blockchain, the destination address will remain unknown.</p>\n<h3>How Does the Blockchain Explorer Work?</h3>\n<p>To gain the information, numerous technological steps must be performed, including the usage of application programming interfaces and databases, as well as a blockchain node. The information is put into a database and made searchable.</p>\n<p>The explorer server then generates a website from which it can engage with users. Requests for searches are sent to the backend server, which responds to the user interface.</p>\n<p>Finally, the user interface and API deliver website content in HTML format to the user's browser, so that the results may be viewed in a coherent form.</p>\n<p>If we look at it from a user's perspective, to use the blockchain explorer, they are obligated to type in a search query in the interface of the explorer, and then the software sends it out.</p>\n<p>Some users can check information on the current status of transaction validation, the number of requests remaining, and the list of unconfirmed transactions. <strong>It depends on which blockchain explorer they utilize.</strong></p>","level":"medium","meta_title":"What is Blockchain Explorer? 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It emphasizes <strong>the major issues of security, decentralization, and ease of use</strong>. Developers are the ones that run across these issues when creating blockchains, which means they generally have to select one problem to ignore while focusing on the other two.</p>\n<p>According to the CAP theorem, which was devised in the 1980s, by computer scientists, decentralized data storage - of which blockchain is one implementation - can only give two of three assurances at the same time. <strong>These are</strong> <strong>consistency, availability, and partition tolerance</strong>. As a result, many people believe that blockchains must give up one of the three.</p>\n<p>Many people also assume that controlling the three factors is unattainable and will never be accomplished. Nonetheless, this does not deter ambitious engineers who believe that blockchain networks can include all three and much more.</p>\n<p>Furthermore, the never-ending evolution of the decentralized environment resulted in <strong>Layer-1 and Layer-2</strong> <strong>solutions</strong> that eventually addressed the trilemma, alongside the emergence of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">Proof-of-Stake in the blockchain. Therefore, blockchain networks should have unchangeable protection to avoid fraudsters from gaining control.</p>\n<p>Rather than being administered by a single organization, blockchains spread network control fairly among all members. Likewise, blockchains should be able to sustain a large number of transactions and participants without experiencing bottlenecks due to increased fees and transaction delays.</p>","level":"easy","meta_title":"What is Blockchain Trilemma? 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Additionally, crypto miners can benefit from a diverse selection of options. To be more specific, <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum has a market value of roughly 10%, whereas <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin controls approximately <strong>40-50%</strong> of the crypto market. In general, different currencies are able to capture the market's interest easier.</p>\n<p>The information gathered on blockchain 2.0 apps must be true and validated complying with applicable regulations. They may also be required by local authorities to get confirmation that all relevant regulations and requirements have been satisfied.</p>\n<p>It comes as no surprise that Bitcoin is the most widely used blockchain technology. A decentralized ledger, often known as a cryptocurrency blockchain, uses Bitcoin to maintain transactions inside its system.</p>\n<p>Moreover, the phrase \"blockchain 2.0\" distinguishes Bitcoin as an asset from blockchain as a designed distributed consensus system. It enables flexible on-chain usefulness and extendable features. Blockchain 2.0 expands this technology's capabilities to support the decentralization of markets. This enables the possibility to exchange different sorts of assets:</p>\n<ul>\n<li><strong>Certificates</strong></li>\n<li>Rights</li>\n<li>Responsibilities in real estate, intellectual property, cars, and artworks</li>\n</ul>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-satoshi-nakamoto/">Satoshi Nakamoto</strong></a>, the inventor of Bitcoin, pictured everything precisely as it is now. To be more specific, Nakamoto did not envision blockchain as being limited to Bitcoin. Hence, forecasts were made that by 2010, blockchain technology will be able to change payment operations.</p>\n<p>Additionally, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></strong></a> are agreements contained in lines of code provided by blockchain technology. These codes can be inserted as components of an input in a blockchain 2.0 program. Smart contracts work between entities that have never met, and may now engage in deals without hesitation due to the amount of confidence contained in blockchain as a database that cannot be fabricated or altered.</p>\n<p>Smart contracts can also be seen as a computer protocol that is used to digitally simplify, verify, or enforce contract negotiations. The network transactions are conducted in a smart contract, which is automatically processed and implemented by the blockchain. As a result, once a transaction occurs between the nodes, a function is called that invokes the smart contract, and the procedure begins.</p>\n<p>There has always been a demand for physical connections, nevertheless, it is becoming clear that this is no longer the case, as we move closer to blockchain 2.0 apps. One easy step is to create a blockchain-based land registry on a server or to write a smart contract that will be documented as a transaction on a blockchain app.</p>\n<p>In contrast, verifying ownership of a property is way more complicated in the real world than using a blockchain.</p>\n<p><em>This proves that blockchain can be very helpful in easing many real-life problems.</em></p>","level":"medium","meta_title":"What is Blockchain 2.0? Definition & Meaning | Crypto Wiki","meta_description":"Blockchain 2.0 meaning: Blockchain 2.0 - is an addition to blockchain 1.0 that focuses on the decentralization of organizations and businesses by using smart contracts.","meta_keywords":null,"language":"en","created_at":"2022-02-17T13:29:44.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-blockchain-2-0"},"currentChapter":"B","currentSection":"what-is-blockchain-explorer","chapterTitle":"B","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-blockchain-explorer","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter B

What is Blockchain Explorer?

Blockchain Explorer MEANING:
Blockchain Explorer - is a program that allows users to look through the blockchain records.
Medium
2 minutes

Let's find out Blockchain Explorer meaning, definition in crypto, what is Blockchain Explorer, and all other detailed facts.

Various records of the distributed ledger can be analyzed via blockchain explorer. Since clarity is very important in cryptocurrencies, blockchain explorers make sure users take advantage of it.

Users can utilize the tool to track the status of their pending transactions, as well as to see the remaining balance of a wallet they hold. Moreover, it’s also possible to see every transaction a particular wallet took part in.

The majority of cryptocurrencies, such as Ethereum and Bitcoin, have transparent ledgers that document all exchanges that are checked and certified by node administrators. Nonetheless, as these currencies become more popular, hundreds of deals are conducted each minute, making it difficult to retrieve data from the blockchain.

Aside from that, blockchain explorers allow users to enter a public or private address and acquire knowledge on all transactions that flow to and from that address. Users are also able to see blocks that aren’t attached to the main blockchain, as well as the new ones that were added.

Even though blockchain explorers are made to showcase the transparency of distributed ledger technology, additional tools can secure the anonymity of addresses that do exchanges on the blockchain. One of which would be the coin mixer that masks the origin of a transaction.

When a user submits assets to a coin mixer, the program mixes multiple other incoming transactions and delivers a whole new set of tokens to the ultimate address, which cannot be identified. As a result, while the transaction will be recorded on the blockchain, the destination address will remain unknown.

How Does the Blockchain Explorer Work?

To gain the information, numerous technological steps must be performed, including the usage of application programming interfaces and databases, as well as a blockchain node. The information is put into a database and made searchable.

The explorer server then generates a website from which it can engage with users. Requests for searches are sent to the backend server, which responds to the user interface.

Finally, the user interface and API deliver website content in HTML format to the user's browser, so that the results may be viewed in a coherent form.

If we look at it from a user's perspective, to use the blockchain explorer, they are obligated to type in a search query in the interface of the explorer, and then the software sends it out.

Some users can check information on the current status of transaction validation, the number of requests remaining, and the list of unconfirmed transactions. It depends on which blockchain explorer they utilize.
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