We have to make decisions on a daily basis. Some are easy and intuitive, others are much more difficult and require hard work. Choosing the right investment tools is one of the latter.
If you are reading this post then you are most likely a determined and forward-thinking person who decided that you will not be left out when it comes to the opportunities cryptocurrencies offer.
Now, in order to keep an eye on your investments, you need some kind of tracking device — and when it comes to cryptocurrency, then we are talking about blockchain or block explorers that allow you to track transactions and evaluate the state of the market.
In a previous post we already laid out that blockchain explorers are extremely advantageous tools packed with information. Now we would like to list some examples of the most popular explorers to make picking your very own favourite a bit easier.
So which blockchain explorer should you choose?
Different strokes for different folks. Still, there are some basic features to take into account. First of all, you have to consider the cryptocurrency you are using because some explorers only support Bitcoin and/or only a short list of tokens, whereas others allow you to explore a long list of altcoins.
All things considered, it ultimately comes down to each user trying out an explorer or two of their choosing to see which one feels handier. But it is good to have some pointers about what the options out there are and whether they have any distinctively useful features.
Caveat: This list or its precise order does not necessarily reflect the preferences of GloCurEx or any of its employees. It is just a compilation of some of the most popular block explorers out there that have caught our eye.
Blockchain.com is a very popular cryptocurrency wallet, exchange and explorer services provider, formerly known as Blockchain.info. Its explorer only supports Bitcoin, Ethereum and Bitcoin Cash, but if you are not working with any other altcoins, then why bother. Less is more and, no doubt, we are talking about one of the most popular choices among Bitcoin users.
Blockchain.com’s explorer contains all the necessary data and many utile charts. It was just recently updated in June 2020 by adding 5 new charts, including hashrate distribution over time and average fees per transaction.
It is a user-friendly and convenient site that provides you with powerful tools to dig around blockchain-related data necessary to make good decisions on a daily basis. There are over 20 FIAT currencies and over 20 languages that you can choose from when browsing.
For beginners, there is an appealing learning portal with explanations and instructions about Bitcoin, Ether, DeFi and more.
An added value, in particular for European users, is the fact that Blockchain.com is a Luxembourgian company – so located practically next door – which might make skeptics feel safer about security and data protection.
Personally, we love the home page of Blockchair – it is minimalist and simple, with almost no information at first sight; free from disturbing ads or colorful distractions.
This doesn’t mean this explorer is also simplistic in content, quite the contrary. It actually contains a wealth of information, allowing you to explore and compare a huge amount of different blockchain, mining and network statistics for 13 different blockchains that they keep data for, and you can do it in 9 different languages.
Without a doubt, the principal characteristic to be stressed about Blockchair is its privacy, its indisputable centrepiece. They do not track user data for profiling or share it with Google Analytics or ad networks, making it a perfect example of crypto privacy and anonymity.
Now, to get into details of all the features available on their explorer would take an eternity, so if we were to highlight any features, then it would probably be their compare tool that conveniently allows you to view statistics on different tokens side by side.
On the fun side you have the possibility to search for embedded text, i.e. for words or phrases encoded into blocks. For example, if you write “coronavirus” in the search box, then you get quite a long list of results.
Regarding its user-friendliness, apart from the overall minimalist design, you can turn off all advertisements for 3 days and if you are a night owl, then you can activate the dark mode to save your eyes from unnecessary strain – because with all the information it offers, you will definitely spend quite a lot of time surfing around.
Tokenview is another remarkably complete, feature-rich explorer and it is genuinely a multi-chain tool because it currently provides information about around a hundred different tokens.
While some users have reported some occasional translation issues because the platform was designed in Chinese and for the Chinese market, it will actually not constitute a real problem. Furthermore, if you want to keep an eye on a wide selection of tokens, this website really gives you a bewildering array of tools to do that.
Of all the common and uncommon data about cryptocurrencies that you can think of, you have easy access from their home page to statistical tools such as charts, price forecasts, rich lists, whale addresses, and more. And lastly, a feature that has been brought forth as noteworthy is their handy DApp platform for those looking to get some in-depth information on decentralized applications.
BlockCypher is a useful source of information for businesses, developers and miners alike. Their open-source block explorer, with a simplistic and easy-to-navigate interface, is only one item in their extensive portfolio.
Even though it only supports a short list of mainstream blockchains, if that is enough for you then it has all the relevant information you might be looking for. Apart from all the common features available on most explorers, BlockCypher offers you fee suggestions, Bitcoin public address notifications for your cold wallet and estimations on block confirmation times.
CoinMarketCap’s main page could be considered as a collection of different charts and an encyclopedia of cryptocurrencies at the same time.
The main view consists in a full ranking of the different exchanges and cryptocurrencies (a total of 3655), allowing you to get an extensive overview of prices, market caps, volumes, recent trends, etc.
Clicking on a certain cryptocurrency will take you to a Wikipedia-like page with a nice overview of that specific token. Whereas for smaller coins there is just a brief summary, in case of bigger, mainstream cryptocurrency there is an extensive explanation about its essence and history, recent trends, network’s security and options to buy the token, among other things.
Their blockchain explorer gives you access to four mainstream tokens: Bitcoin, Ethereum, Litecoin, and Binance Coin.
To help you get started, they have a nifty guide giving insights into how blockchain-based cryptocurrencies work in general and how to make sense of all the available data on their explorer.
Both the main page and explorer are well-structured and user-friendly. The main question when considering starting using CoinMarketCap might be the fact that there’s maybe too much information on the main page — it is great for someone seeking knowledge, but overwhelming for beginners. So it really depends on how much interest you want to put in your investments.
Of course, there are many other explorers out there that we don’t mention above — such as Bitcoin.com, BTC.com, BitcoinChain, TradeBlock, Etherscan, Insight.is, to name a few — but we think that you can probably find the quintessential option from our post. If not, then all remarks and proposals are more than welcome.