how to check blockchain transactions

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.