Cryptocurrency transactions can be complex and confusing, especially for novice users. Fortunately, several online tools are available that can help users navigate their way through the world of cryptocurrency transactions.

One of the most popular and valuable tools is the “block explorer,” which allows users to view and track the history of their cryptocurrency transactions. This article will explain how to find transactions and read transaction IDs on block explorers such as SolScan, BSCScan, and Etherscan.

What is a Block Explorer?

A block explorer is a website or software application that allows users to search and view the history of transactions on a particular blockchain. Block explorers are often used to find a specific transaction, analyze the overall activity of a blockchain, or view the total balance of a specific address. For example, if you wanted to view the history of a particular Solana transaction, you could use SolScan block explorer to locate the transaction and view its details.

Some popular block explorers are SolScan, BSCScan, and Etherscan, each providing different features and information related to the respective blockchain. These block explorers allow users to view, track and analyze transactions on the Solana,Binance Smart Chain, and Ethereum networks.

How to Use Block Explorers:

Using a block explorer is relatively simple. All you need to do is enter the address,transaction ID, or smart contract of the transaction you want to view. For example, if you wanted to view the transaction history of a particular Solana address, you would enter the address into the search bar of the SolScan block explorer. The block explorer will then provide you with detailed information about the transactions associated with that address, including the date and time of the transaction, the fee paid, and the amount of Solana transferred.

In addition to viewing the history of a particular address or transaction, block explorers also provide additional information about the blockchain and its activity. For example, you can view:

• the total number of active wallets on a particular blockchain,
• the total amount of coins mined,
• the total amount of coins in circulation,
• the fees associated with each transaction,
• the total fees paid for a particular blockchain.

How to Find Transaction and Read Transaction IDs‍

Now that you understand what a block explorer is and how to use it,let's look at how to find and read transaction IDs using block explorers such as SolScan, BSCScan, and Etherscan.

When searching for a particular transaction, the first step is to enter the address or transaction ID into the block explorer’s search bar. Once you have entered the address or transaction ID, the block explorer will display a list of all transactions related to the address or transaction ID.

The next step is to locate the transaction ID associated with the transaction you are searching for. The transaction ID is called the "Signature " on SolScan or the "Transaction Hash " on other explorers or blockchains. The transaction ID is usually displayed at the top of the list of transactions and is usually a long string of characters. It is important to note that the transaction ID is unique for each transaction and cannot be used to find other transactions.

Once you have located the transaction ID, you can use block explorer to view the associated transaction details. In most cases, the block explorer will display information such as the sender and receiver addresses, the amount transferred, the fee paid, the block height, and the date and time of the transaction.

Finally, using a block explorer is essential to navigating the world of cryptocurrency transactions. Block explorers not only allow users to view and analyze the history of their cryptocurrency transactions, but also the activity of the blockchain itself. We hope this article has helped you understanding the basics of using block explorers.

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