One of the unique features of blockchain that makes it an innovative technology is data transparency and protecting the privacy of its users. Most of the blockchains that dominate the crypto market today are public blockchains whose entire data can be accessed freely on the internet. But, non-private data can be easily viewed using a special block explorer platform for each blockchain. BscScan is one of the block explorers. So, what is BscScan? Why should you use BscScan? This article will explain it in detail.
BscScan is a block explorer specific to the Binance Smart Chain (now known as BNB Chain) for searching transactions on the blockchain. So, block explorer lets you track transactions, verify smart contracts, find wallet addresses, and do many other things. This platform was created by the same team behind Etherscan. Therefore, BscScan has a similar appearance to EtherScan, the first blockchain explorer for Ethereum.
Open this page if you want to know more about BNB Chain.
Block explorer platforms such as BscScan have a crucial role in unlocking access to data on the blockchain. Through this platform, users can search their transaction history and view ongoing transactions. Apart from that, there is a lot of other important data such as live blockchain statistics, crypto asset rankings, and specific crypto project data.
You will learn how to use BscScan including taking advantage of basic features such as how to find transactions, token addresses, validator leaderboards, and more. The BscScan homepage menu itself is divided into 4 major categories: Home, Blockchain, Validators, Tokens, Resources, and More.
The menu to search for transactions is located right at the top of the BscScan website page. As seen in the image above, you can use filters to search for the transaction or address. Furthermore, user addresses belonging to certain applications or platforms usually have a name tag to make them public and visible to everyone.
In addition, you can also view transactions through the βblockchainβ menu and then βview txnsβ. You can view the most recent transactions on this list. This list also gives the type of transaction that occurred in the βmethodβ column.
The token verification feature via smart contract code is useful if you want to know whether an application or crypto project is verified or not. This token verification matches the source code of a smart contract with the code running on the blockchain. This feature gives you the ability to independently check/audit certain crypto projects. So, it is part of an effort to create good blockchain transparency.
This page contains various information about the gas fee for each transaction on BNB Chain. You can find out the current transaction gas costs, including how much it takes to process transactions quickly (5-10 seconds). In addition, there is also information about the apps and accounts that consumed the most gas in the last 5 minutes. This page is suitable when you want to check gas costs before making a transaction.
If you havenβt added BSC to your MetaMask application, you can easily do so in BscScan. You just need to look for the βadd BSC networkβ button at the very bottom of each BscScan page. Next, MetaMask will automatically bring up a popup where you need to approve the addition of the BSC network. So, now you can make BNB Chain transactions on MetaMask!
Like Ethereum, the BNB Chain network has the ability to host NFT collections. There are hundreds of NFT collections on the BNB Chain network. Additionally, you can search for NFTs on BscScan just like you would search for regular transactions. BscScan will display the ownership history, project name, and token ID of each NFT. However, BscScan cannot display the image of said NFT.
In addition, the BscScan Platform keeps a list of all NFT projects on the BSC under the βtokensβ menu. In this section, you can find a ranking of NFT projects as well as the latest NFT transactions.
You donβt understand what NFT is? Read the full article about NFT.
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