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
Whitepaper
An introductory paper to consicely explain an issue and a possible solution on the issue.
Mining Reward
The reward resulting from contributing computing resources to process transactions
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
Yield Farming
Yield farming involves putting cryptocurrency into a DeFi protocol to collect interest on trading fees.
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