BSCscan: Understanding and How BNB Smart Chain Blockchain Explorer Works

Bittime - BSCscan is an important platform for the crypto community operating on the BNB Smart Chain (BSC) network. This article will discuss in detail what BSCscan is, how it works, as well as the superior features provided by this platform.

What is BSCscan?

BSCscan is a search engine or block explorer that facilitates the crypto community to track transactions on the Binance Smart Chain (BSC) blockchain, now known as BNB Chain. BSC itself is a blockchain network built to run smart contract-based applications such as tokens, coins and decentralized applications (DApps) created by the Binance crypto exchange platform.

The platform was developed by the same team behind Etherscan, the first Ethereum-only blockchain explorer. Therefore, BSCscan has a similar appearance and way of working to Etherscan. This platform functions as a ledger or ledger that stores transactions on the BSC blockchain network, making BSCscan a proof of BSC transparency which aims to increase user trust.

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How Does BSCscan Work?

The way BSCscan works is similar to other blockchain search engines (blockchain explorers). This platform collects every important data and information on the BSC network and turns it into information that is presented to its users. Users can access BSCscan to obtain real-time information. Apart from that, users can also track transactions or calculate estimated gas fees via this platform.

What are the BSCscan Features?

BSCscan has many features that make it easier for users to access various information on the BSC network. The following is an explanation of the main features provided by BSCscan:

1. Search

The search feature on BSCscan allows users to search for important information such as tokens, addresses, or NFTs on the BSC network. The search menu is located at the top of the site page, allowing users to search for the transactions, addresses, and wallets they want. Search results include the transaction origin address, transaction destination address, and transaction size. Users can also filter search results based on the newest, largest transactions, or other specific criteria.

2. Smart Contract

Through this platform, users can analyze a smart contract or interact directly. This feature also allows users to verify tokens through smart contract code, so they can find out whether a project or crypto asset operating on this network is official or not. The verification results are in the form of source code, namely the smart contract code that runs on the BSC network.

3. Gas Fee Calculation

The gas fee calculation feature is very useful for calculating the gas fees for each transaction. This feature displays gas cost information on transactions that occurred in the last five minutes. Gas fees or transaction gas fees do fluctuate, especially if users choose the fast transaction option which only takes five to 10 seconds.

4. NFT

Non-fungible Tokens (NFTs) whose popularity has skyrocketed recently can also be tracked on the BSC network. BSCscan displays historical information about NFTs such as ownership history, NFT projects, and the token ID of each NFT. Unfortunately, NFT images are not searchable on this platform, but detailed information about each NFT is available to users.

5. Token Rank

BSCscan allows users to check token rankings from various protocols such as BEP-20, which is BSC's native token protocol, to ERC-721, which operates on the Ethereum network. The information displayed can be filtered according to user objectives, for example, tokens with the largest market volume or highest transaction volume.

6. Metamask

Users can connect BSCscan with the Metamask application they use. The way to do this is by adding a BSC network via the features available in BSCscan. This feature makes it easier for users to manage and monitor their crypto assets on the BSC network.

Advantages and Uses of BSCscan

The BSCscan platform can perform many functions according to the needs of its users. Here are some of the main advantages and uses of BSCscan:

• Tracking Transactions: Regular users can use BSCscan to search their transactions.
• Blockchain Research: Blockchain researchers can utilize it to pull various data they need.
• Fundamental Analysis: BSCscan also allows users to perform fundamental analysis of various data on the blockchain.
• Transparency: With smart contract verification and transaction tracking features, BSCscan provides high transparency, thereby increasing user trust in the BSC network.
• Easy Access: With a similar appearance to Etherscan, using BSCscan is very easy because the various features are easy to access.

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Conclusion

BSCscan is a very useful tool for the crypto community operating on the Binance Smart Chain network. With the various features offered, this platform makes it easier for users to access information transparently and in real-time. From transaction search to smart contract verification, BSCscan provides everything needed to manage and monitor activity on the BSC blockchain.

Start your crypto investment journey by understanding how BSCscan works and features so you can get the most out of it. That way, you can make more informed and safe investment decisions.

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