BscScan is a block explorer special Binance Smart Chains (now known as BNB Chain) which is used to track transactions on the blockchain.
Through BscScan, you can track transactions, verify smart contracts, and other features. This platform was developed by the same team behind Etherscan. This is why this network is similar to EtherScan, the first Ethereum blockchain explorer.
The main feature of BscScan is tracking transactions and looking up wallet addresses on the BNB Chain blockchain. With the same interface as EtherScan, it's easy to use because it's easy to access its various functions.
Apart from that, the advantage is that you can search for cryptocurrencies on the BNB chain, transaction fees, and view various blockchain statistics.
The BscScan platform can perform multiple functions as required. Regular users can use it to search for transactions, blockchain researchers can use it to mine various data, and you can carry out important research on this platform.
What is BSC?
Binance Smart Chain or BSC is a blockchain network designed to run applications based on smart contracts.
Binance Smart Chain was created with the goal of enabling developers to build decentralized applications (DApps) and help users manage their digital assets across the chain with low latency and high capacity.
Blocks and gas payments that occur on the Ethereum network are the reasons for the increase in BSC. Like a breath of fresh air, BSC can be an affordable and sustainable alternative.
Advantages of BscScan
BscScan comes from the trusted development team behind EtherScan, the popular Ethereum block scanner. Despite the name, JThis network can help you navigate the blockchain. With some basic knowledge of how to use it, you can quickly solve basic problems and questions.
Simply put, with this you can search for smart contracts with it. This feature is useful for people using DAP themselves.
Also read: The 5 Best Exchanges in the World for 2022, There's Binance!
The reason is that you can see if the agreement is good and can immediately see if the DAPI is broken. However, there is a lot more information involved than just examining smart contracts and basic transactions.
This network allows users to track ERC721 tokens, making them compatible with non-volatile tokens or NFTs.
Like Ethereum, Binance Smart Chain is home to many NFT-focused projects due to their low fees and high efficiency and engagement. Users can verify NFTs on this network through transaction hashes, NFT smart contracts or wallet addresses.
However, blockchain researchers cannot explain the technicalities in non-tradable tokens. Users and customers or other provisions supporting NFF and services can view their responsibilities.
However, BscScan describes ID, shows ID, NFT services, business history, relationships and sync agreements.
Also read: What is Cryptocurrency: An Overview of Digital Assets
Existing Menu Display BscScan
The BscScan menu display itself is divided into several categories, namely Home, Blockchain, Validators, Tokens, Resources and More. The following is an explanation of the uses of each category:
- Home – BscScan main page
- Blockchains – The main place to look for transaction data divided into several categories:
- Top Accounts – View addresses/accounts that have the most BNB assets.
- View TXNS – A place to see a list of transactions (also called “Txns”) respectively live.
- View Pending Txns – List of transactions that have not been completed and are still being processed. Useful if you want to search for transactions that have not been received.
- View Contract Internal TXNS – List of transactions that occurred between smart contracts.
- View Blocks – List of blocks that have been validated
- Forked Block – Contains a list of blocks that are not included in the main chain due to "chain reorganization".
- Verified Contracts – View the list smart contracts on the verified BNB Chain.
- Validators – Validators on the BNB Chain have the same role as miners, namely processing and validating all transactions. In this menu you can see information about validators in the two options below:
- Validators Leaderboard.
- View Validators Set Info.
- Tokens – This menu gives you detailed access to tokens on the BNB Chain such as BEP-20, ERC-721, and ERC-1155.
- BEP-20 Tokens By Market Cap — View the list of BEP-20 tokens by market capitalization.
- BEP-20 Tokens By Volume — View a list of BEP-20 tokens based on transaction volume.
- View BEP-20 Transfers — List of BEP-20 token transfer transactions.
- ERC-721 Top Tokens — Viewing the ranking of ERC-721 tokens (NFTs) on the BNB Chain.
- View ERC-721 Transfers — List of NFT transactions.
- Resources.
- Charts & Stats — Contains various statistics and data graphs, suitable for those of you who are researching the condition of the BNB Chain.
- Top Statistics — Daily statistics blockchains BNB Chain is like who sends and receives the biggest BNB.
- Developer APIs — Team only developers who want to know how to use the BscScan API.
- More – Contains several menus for experienced users who want to know more detailed data such as average transaction gas costs.
Also read: Bitcoin and Binance Coin Analysis Monday 1st August 2022
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