How to use Bitcoin Blockchain Explorer. | by Dimitrios Gourtzilidis | December 2022
When one is interested in cryptocurrencies, he or she must learn to read a blockchain explorer. In this tutorial I will explain the most important indicators of the blockchain.com blockchain explorer.
Price: Current price of Bitcoin (BTC).
Estimated hash rate: Hashing rate is the total computing power of the Bitcoin network. The higher the hash rate, the more secure the network.
Transactions (24): This number is the number of transactions that have occurred in the last 24 hours.
Transaction volume: This number shows the total value of all transaction outputs on this day. Including changes back to the user.
Transaction volume (estimated): This number is the value of the transaction volume excluding the changes returned to the user.
Price chart: An important factor of the Bitcoin blockchain is of course the price of the native currency. From this price the rewards on mining etc.
Mempool size (bytes): This number shows the total size in bytes of unconfirmed transactions that miners need to confirm.
Height: The block number in a row into the blockchain itself.
Extracted: The time a miner needed to mine this particular block.
Miner: The miner who mined each block.
Size: The size of this particular block.
Hash: This number identifies the hash number of an unconfirmed transaction.
Time: The time when this transaction took place.
Amount (BTC): The total amount in BTC for the transaction.
Amount (USD): The total amount in USD for the transaction.
New addresses: Number of addresses that received their first transaction.
Active addresses: Addresses with one or more transactions on this day.
Zero balance addresses: self-explanatory, addresses that went zero balance.
Total: This number counts the number of addresses ever created.
Total with balance: self-explanatory, addresses that currently have assets.
Total zero balance: self-explanatory, addresses with zero balance.
Number of large transactions (total): This number counts how many transactions with a value above $100,000 took place on this day.
Number of large transactions (adjusted): This number excluded the transactions where the amount was returned to the original sender.
East vs West: This number calculates the number of transactions that took place from 22:01 to 10:00 UTC (Eastern time) against the transactions that took place between 10:01 and 22:00 UTC (Western time). This indicator can help a trader identify times when volume peaks. Each transaction included exceeds $100,000 in value.
Ownership by Time Held: This indicator shows at each time the number of “Hodlers”, addresses that hold BTC for more than a year, the number of “Cruisers”, addresses that hold BTC from 12 months to 1 month, and “Traders”, addresses that hold BTC for less than a month’s time, as well as their percentages.
Whale volume: shows the number of addresses that have 1% of a cryptoasset supply at this time.
Investor volume: this number shows the addresses that have between 0.1% and 1% of the supply at this time.
Retail volume: addresses that have less than 0.1% of supply at this particular time can be displayed here.
Hash: This is the unique identification number of this particular transaction.
Fee: the fee paid to the network that allowed this transaction to take place. This transaction shown below had not been confirmed and is waiting in the mempool to be included in the next block in the blockchain.
Hash: This is the address of the transaction inside the blockchain.
Status: self-explanatory, this indicates whether the transaction is confirmed or unconfirmed or something in between.
Received time: hthe time when the transaction took place.
Size: the size of the currency in information technology terms.
Weight: this indicator helps us compare the size of different transactions with respect to the block size.
Included in the block: where the block sequence of a blockchain this transaction is located.
Confirmations: the successful confirmations that this transaction had.
Total input: total production plus fees.
Total output: the amount included in the transaction minus the fees.
Charges: the amount paid for processing the transaction.
Fee per byte: this indicated the work that miners must put into bytes for this transaction to be confirmed.
Fee per weight unit: this indicator is used to compare different transactions with each other based on the fees.
Value at transaction: the transaction amount in dollars.
Index: the position of this particular transaction in the input part of the transaction.
Address: the hash address of this particular input transaction.
Pk script: The script that binds the UTXO model together.
Sig script: scriptSig is a process used to fill the conditions of a scriptPubKey. Signature script.
Witness:
Index: as with the input, this indicates the position in the row in the output transaction section.
Address: the hash address of the transaction
Pk script: The script that binds the UTXO model together.
Address: the address of this blockchain participant.
Format: Address Encoding BASE58 (Pay to Pubkey Hash)
Transactions: the number of transactions that this address has initiated.
Total received: self-explanatory, the total amount received in this wallet.
Total sent: self-explanatory, the total amount sent from this wallet.
Final balance: self-explanatory, the total balance that this wallet has.
Payment request/donation button: send and receive funds to and this wallet.
Hash: This is the address of the transaction inside the blockchain.
Fee: the fee paid to the network that allowed this transaction to take place. This transaction shown below had not been confirmed and is waiting in the mempool to be included in the next block in the blockchain.
Output (blue icon): Output type of transaction
Unused (green icon): Unused type of transaction
Used (red icon): Type of transaction used
