Block Explorer
By CoinGecko | Updated on Nov 03, 2020
Block explorer refers to application or websites which display information and status of transactions of a given public blockchain network. They usually do this by running their own nodes (they become part of the network), and then index information that may be relevant to the users. This opens up access to the data of a blockchain and allows regular users to look at progress of transactions or verify that a transaction has occurred without needing to run a node themselves.
Related Terms
Pay-Per-Share (PPS)
You are compensated for each valid share that you contribute. Each share is worth a set amount of cryptocurrency that may be mined.
Bitcoin Improvement Proposal (BIP)
Refers to improvement proposals for Bitcoin, used to introduce features or any updates on the Bitcoin network.
Wallet Address
The address in which cryptocurrency can be stored, sent to and receive.
Yield Farming
Yield farming involves putting cryptocurrency into a DeFi protocol to collect interest on trading fees.
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