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Blockchains are very transparent and accessible real-time networks.
But the user tools available to understand that transparency and use it in a productive way take some practice.
The amount of information these tools are able to convey is almost without an equivalent in other sectors of the economy and a big reason for the appeal of blockchains and cryptocurrencies.
Once understood, the information provided by the blockchain can be a powerful resource for anyone in the market.
Public and permissionless blockchain networks, such as Cardano, are built on openness.
In this tutorial guide, we will discuss how to use a blockchain explorer to track a Cardano ADA transaction.
What is a Blockchain Explorer?
A blockchain explorer is a type of service where a node running on a network uses various APIs to extract information from it – akin to a search engine for a specific blockchain.
This information is then organized and presented to the user in a way that can be reviewed by anyone searching for data.
All major blockchains have dedicated explorers, in fact, most have more than one providing a similar service.
In general, the information they provide is free to access and takes very little effort to do it just like a search engine.
Cardano is no different, and its network has several blockchain explorers.
To name a few examples:
2) https://explorer.cardano.org/en
Those are some of the most popular Cardano blockchain explorers running at the moment.
How to Track a Cardano Blockchain Transaction?
A crypto wallet such as Yoroi provides a lot of information that can be used on a blockchain explorer.
The main piece of data that can be used is the transaction ID.
Each transaction that goes through the Cardano network is given a unique ID that can be used to track it while in progress, and after for verification that it has been sent and received.
In Yoroi, the transaction ID can be found in the “Transactions” menu. The ID is located in the individual transaction register:
To access it, just press the downwards arrow next to the ADA amount.
It will deploy an entire sub-menu with several pieces of information.
The transaction ID is on the lower-left corner, below the transaction assurance level.
The first is just an indicator of how secure the transaction is based on how many blocks have passed.
The transaction ID is a unique identifier given to any transaction that goes through the Cardano blockchain.
Now, we go to any of the blockchain explorers and paste the Transaction ID on the search bar.
From Cardano Scan we have:
To double-check, from Cardano Explorer we have:
The information is presented in a slightly different format, but the data is the same.
We can see that the epoch and block height are both equal.
The transaction ID is the most useful piece of information to track an individual transaction.
What if You Don’t Have the Transaction ID?
The second best option is to find your wallet address and input that in a blockchain explorer.
Now, to enhance privacy, Yoroi can generate several wallet addresses to receive funds.
All of the addresses associated with a single crypto wallet can be found in the “Receive” menu.
In there, we can see all of the times our wallet got ADA.
For our example, we’ll use the same transaction as before.
The alphanumeric string that starts with “addr” is the address. Copy that string and use it to search on any Cardano blockchain explorer.
In Cardano Scan we have:
In Cardano Explorer:
Both actually show the transaction ID, so we can check that it is the same transaction in each case.
Those are the ways to track or find a transaction using a Cardano blockchain explorer.
The information provided is public, so anyone with access to the transaction ID or wallet address can track the same transaction.
Blockchains are perhaps the most auditable networks created thus far and the level of transparency they offer is almost unprecedented.
To use this properly, education is the best tool.
EMURGO’s Yoroi Wallet is the most convenient way to securely transact with ADA.
You can integrate Yoroi with your preferred device including hardware wallets Ledger and Trezor.
Download Yoroi Wallet here!
About Yoroi Wallet
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- Yoroi Homepage: https://yoroi-wallet.com/
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