Blockchain explorers: why do they matter?

Blockchain explorers play a crucial role in deciphering the intricate workings of blockchain networks and since blockchain technology is all about transparency and accessibility, that is where blockchain explorers come into play - they serve as optimal guides into the world of blockchain data. So, what exactly are blockchain explorers? A useful way is to think of them as search engines specifically designed for blockchain data; just as you use Google to navigate the vast expanse of the internet, blockchain explorers help you interact with the complex data within different blockchain networks. They empower individuals, developers, miners and investors who wish to explore transaction histories, addresses, blocks and other essential data stored in a blockchain.

Blockchain explorer market data for Bitcoin

Source: Blockchain.com

Blockchain explorer risks

Like any journey, exploring blockchain data is not without its challenges; the open and transparent nature of holding data on a blockchain me…