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What are the best ways to track transactions on a blockchain?

avatarDaniel MilianowskiDec 18, 2021 · 3 years ago3 answers

Can you provide some insights on the most effective methods for tracking transactions on a blockchain? I'm particularly interested in understanding the approaches that offer the highest level of accuracy and reliability. Additionally, it would be helpful to know if there are any tools or platforms that can simplify the tracking process.

What are the best ways to track transactions on a blockchain?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    One of the best ways to track transactions on a blockchain is by using blockchain explorers. These online tools allow you to search for specific transactions by entering the transaction hash or wallet address. They provide detailed information about the transaction, including the sender and recipient addresses, transaction amount, and timestamp. Some popular blockchain explorers include Blockchair, Blockchain.com, and Etherscan. These platforms are user-friendly and offer real-time data, making them reliable options for tracking transactions on various blockchains.
  • avatarDec 18, 2021 · 3 years ago
    If you're looking for a more technical approach, you can use APIs provided by blockchain networks. These APIs allow developers to interact with the blockchain and retrieve transaction data programmatically. By integrating blockchain APIs into your application or system, you can track transactions in real-time and customize the data you want to collect. Examples of blockchain APIs include Bitcoin's Blockchain API, Ethereum's Web3.js library, and Ripple's XRP Ledger API. However, using APIs requires technical knowledge and coding skills, so it may not be suitable for everyone.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi offers a comprehensive transaction tracking solution for blockchain enthusiasts. With its advanced analytics tools and intuitive interface, BYDFi allows users to monitor and analyze transactions on multiple blockchains. It provides real-time data, transaction history, and customizable alerts, making it easier to track and manage your digital assets. Whether you're a beginner or an experienced trader, BYDFi can help you stay informed and make informed decisions. Give it a try and see how it simplifies your transaction tracking experience!