This article was first published on Official TenX Blog
So we know a few things about cryptocurrencies and the blockchain. First, that cryptocurrency is digital money that is secure and difficult to spoof, because they are made of transactions on a blockchain.
Second, that when we say we own bitcoin, it basically means that the transactions point to my public address as the rightful owner of said bitcoin.
So, these transactions on the blockchain that we keep talking about. How do we see or verify them? 👀
You know when Professor X gets in his special room with the long spacey walkway and puts on his cerebro? The head gear that lets him hear and locate every single human (and mutant!) in the wacky, complex universe of X-Men?
There's something just like that, but for the blockchain.
Actually, there's at least one for most major blockchains out there. These tools give you a completely transparent view of the blockchain and the transactions that take place. 🔎
Here is an overview of two of such tools:
For bitcoin we like to use Blockchain Explorer, which is as literal as its name. It lets you look at things like address, transaction, or block. Let's go into more details for each of these terms.
Searching a bitcoin public address on Blockchain Explorer will show you a summary plus the actual details of the transactions that have taken place on the address – also known as 'wallet':
This is the public address where your cryptocurrency is stored. If someone wanted to send you some crypto, you would share this public address with them – sort of like your bank account number.
From 💰🔑 Wallets & Keys: The Beginner's Guide to Storing Cryptocurrency
You'll see the total number of ...
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