how to check blockchain transactions

To view the details of a blockchain transaction, simply navigate to a block explorer website like OKX Block Explorer, enter the transaction hash or wallet address in the search bar, and click on the "Search" button to view the comprehensive transaction details.

Oct 18, 2024 at 07:18 am

How to Check Blockchain Transactions

A blockchain is a decentralized, immutable digital ledger that records transactions across many computers. Each transaction is cryptographically secure and linked to the previous one, creating a secure and transparent record of all activities.

Steps to Check Blockchain Transactions:

1. Choose a Block Explorer:

   • OKX Block Explorer: https://www.oklink.com/en/
   • Etherscan (Ethereum): https://etherscan.io/
   • BSCScan (Binance Smart Chain): https://bscscan.com/
   • PolygonScan (Polygon): https://polygonscan.com/

2. Enter Transaction Hash or Address:

   • In the search bar of the block explorer, enter the transaction hash or the address of the wallet involved in the transaction.

3. View Transaction Details:

   • The block explorer will display the following information:

     • Transaction hash: Unique identifier for the transaction
     • Block number: Block in which the transaction was included
     • Timestamp: Date and time the transaction occurred
     • From and to addresses: Sender and recipient wallet addresses
     • Amount transferred: Value of the transaction in the native cryptocurrency
     • Gas fees: Transaction fees required for processing on the network
     • Transaction status: Whether the transaction was successful or not

4. Additional Information:

   • You can also view the exact time, the number of confirmations, and the smart contract code (if applicable).

5. Explorer Metadata:

   • Each block explorer provides additional data, such as block height, block time, and network usage. You can find this information in separate tabs or sections.

Benefits of Blockchain Transaction Tracking:

• Enhanced transparency: Provides a public record of transactions.
• Fraud prevention: Helps detect and investigate fraudulent activities.
• Compliance with regulations: Meets regulatory requirements for tracking financial transactions.
• Auditing and analysis: Allows for detailed analysis of transaction patterns and balances.
• Incident response: Facilitates tracing and recovery of stolen or lost funds.