Home Work on Blockchain Wallet
All you need to know about the Blockchain Wallet.
What is Blockchain?
It have become very important to us that we have to learn the blockchain technology and why it has the ability to enhance trust in record keeping and financial transactions in all organizations. We can say that Blockchain is a method or way of recording information in a systematic way which makes it hard or impossible to change, hack, or cheat the system. It can also be said that a Blockchain is a very important and top notch digital ledger of transactions that is duplicated and distributed to the entire network of computer systems on the blockchain. The is a decentralised database that is managed by multiple participants and it's called Distributed Ledger Technology (DLT).
How do I find(or What is the easiest way to find) the block explorer of any Blockchain? Examples?
Let me first explain what is a block explorer? A block explorer can be define as a blockchain search engine that has the capability of allowing users to search for a particular transaction or information on the blockchain. All activities that are being carried out on a blockchains are known as transactions, it can occur when cryptocurrencies are being sent to a user and when a user receives from another wallet addresses.
This transaction is been recorded into a digital ledger, called a blockchain. It's Blocks are collections of transactions on the Blockchain that were processed and approved by a group called miners. Put in simple terms, you can also say that a block explorer is a very important tool to view all transactions that take place on the Blockchain. It displays the current network hash rate, transaction volume, and the activity on blockchain addresses etc.
This is Tron network Block explorer known as Transcan. You can easily locate Transcan by type https://transcan.org from any web browser and using the search button to search for your transaction you can also visit it through the Tronlink wallet
Open the Tronlink wallet, Click on any assets. We will be using TRX As example so click on TRX
Select from the lists the transaction you want to view details about.
Now click on View detailed data below to take you to Transcan explorer
Your transaction details will be displayed or you can also use the search above to search for your transaction by entering the hash number, address, transaction number, token and block number etc.
How do I check the number of confirmations, transaction hash, sender address, receiver's address, network fees of a particular transaction?
In any transaction that you make, the wallet provides an option for you to view the transaction on a block explorer, by displaying the transaction ID/ transaction hash and other transaction details
A transaction ID/transaction hash should be like this:- 08a86169fca332b27a43a77fb7f5729ef6cded85709772ef328d3cfe8ab65a84
Now for you to check the number of confirmations for any transaction, you have to copy the transaction ID/hash into the search box on the block explorer. Then you hit the search button and then your transaction details will be displayed.
You now have the opportunity to view more details about that transaction, such as transaction ID/transaction hash, sender address, receiver's address, network fees of that transaction, date and time of that transaction, etc.
How you can check a wallet address is valid or not for a network (using Block explorer)?
You can do this by using Transcan, Transcan is the Tron network Block explorer and you can visit it on https://transcan.org when it opens,
Then enter the wallet address into the Transcan address search bar and hit the search button.
If the address is a valid wallet address, it will display every details about that wallet address as displayed above
But If the address is a invalid wallet address, it will return Sorry search not found message. This simply means the address is not a valid wallet address.
Note: All images are screenshots by me, from my Tronlink wallet app