How to Read Crypto Transactions on Etherscan? Explained! (2024)
Etherscan is a block explorer and crypto analysis platform. The tool allows users to monitor and examine the crypto assets, balances, and transactions on the Ethereum network. Etherscan makes it simple to engage with smart contracts and check gas prices. The Ethereum foundation does not provide funding for Etherscan, which is an independent organization.
The Ethereum blockchain is mostly accessible via a read-only interface. As a result, Etherscan won’t be able to affect your private or public keys and will instead be limited to tracking transaction data.
While searching for a crypto wallet or token address, Etherscan will display all the transactions that have been indexed on the blockchain. It makes its function similar to a search engine. Users can search for any type of transaction, whether successful, unsuccessful, or pending.
Users can enter a crypto wallet address in the search bar or on the home page of Etherscan to view transaction data. Almost immediately, an overview page will appear. You can see the whole wallet balance in ETH and its USD value here.
A list of transactions will be visible on the wallet’s main page. You may view internal transactions and also transactions for ETH, ERC-721, and ERC-20 tokens on different tabs. Moreover, you may view the transaction hash, transaction method, block number, wallet address that started the transaction, and transaction status on each of these tabs. The most recent transaction will be at the top.
When a transaction is selected, users will come across additional details about the same (image below).
Transaction hash is the ID of the transaction. Each transaction has a unique identifier.
Status indicates whether the transaction was successful, pending, or failed.
From and Interacted With (To) show the addresses from where the funds were sent and to which wallet.
Value shows the amount sent. While the Transaction Fee shows the cost of the transaction.
Etherscan is one of the most useful platforms in the crypto sector. The site allows users to keep a check on their transactions, while also exploring the Ethereum blockchain.
Users can enter a crypto wallet address in the search bar or on the home page of Etherscan to view transaction data. Almost immediately, an overview page will appear. You can see the whole wallet balance in ETH and its USD value here. A list of transactions will be visible on the wallet's main page.
To use Etherscan, you'll need a wallet address, transaction ID (TXID), contract address, or another identifier to paste into the search field. The information you'll observe will depend on what you're looking at, but most of it will include associated transactions, addresses, timestamps, and amounts.
The data includes transaction dates, amounts, fees, and other relevant details, helping you understand a wallet or smart contract's activity and history. These are the most popular tools for tracking Ethereum wallet transactions as they are typically free to use.
Token Transfer - The exchange's smart contracts will then deposit the tokens to the smart contract connected to the liquidity pool. Internal Transaction - The exchange's contract receives the exchanged amount in WETH (wrapped Ethereum) and then sends that amount to the WETH smart contract to be converted to ETH.
Contracts have a unique structure that differs from other types of writing. They are organized based on related provisions and often contain cross-references and defined terms. Recognize this structure and don't expect to understand the entire contract in one read-through.
This can be done by using an Ethereum execution client (previously known as “Eth1 Clients”), each of which implements a JSON-RPC specification to provide a uniform set of methods for accessing Ethereum blockchain data. The most popular Ethereum clients are Geth, Nethermind, Erigon, and Besu.
The top of the bar indicates the highest price, while the bottom shows the lowest price in that time period. A small horizontal line on the left of the bar represents the opening price, and a small line on the right represents the closing price.
To check wallet balances and history on Etherscan, go to Etherscan.io, navigate to the search bar, paste the wallet address or ENS domain, and press Enter. On the next page, you can see the ETH balance, total token value, and transaction history.
How does Etherscan work? Etherscan is built on top of the Ethereum blockchain, so it can access all of the data stored on it. It uses a combination of technologies, including blockchain explorers, Web3 libraries, and decentralized applications (dApps), to display this information in an easy-to-use format.
Traces are the result of the execution of the transaction and are used to debug and understand the execution of the transaction. They are also known as internal transactions and are can be used to understand the execution of a transaction.
Overview Transactions in Ethereum are cryptographically signed data messages that contain a set of instructions. These instructions can interpret to sending Ether from one Ethereum account to another or interacting with a smart contract deployed on the blockchain.
Clicking on the ⓘ button next to the token symbol will bring out the token's burn event history (refer to this token page for an example). Holders: This shows the total number of addresses that hold the token.
Recording Historical Data: When Etherscan obtains the data, it organizes and records it in a well-structured order. Providing Data: This efficient data storage allows Etherscan to provide its users with accurate, near real-time results for Ethereum activities.
Introduction: My name is Nathanael Baumbach, I am a fantastic, nice, victorious, brave, healthy, cute, glorious person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
