What is SolScan and How does it Work?

What is SolScan and How to use it

Solscan is a popular alternative to the official Solana explorer. You can use it to search for specific wallet addresses and transactions in SolScan’s search bar. SolScan is the tool to utilize when looking for information about certain transactions or tokens on the Solana blockchain. Many venture capitalists, like Solana Ventures and Alameda Research, have confidence in this technology. Furthermore, there are around 2 million monthly users that make over 180 million data requests.

Most crypto aficionados are familiar with Etherscan, the Ethereum blockchain explorer, which allows users to search for all tokens on the Ethereum blockchain. In addition to Ethereum, numerous blockchain protocols, notably Solana, are seeing a rapid increase in use. Check out SolScan to see what’s going on with the Solana blockchain. As a result, in this post, you will learn everything there is to know about SolScan.

What exactly is SolScan?

SolScan is a data analytics software that searches the Solana blockchain for specific information. The Solana explorer is the official explorer of the Solana blockchain, while SolScan is a popular alternative. SolScan allows you to conveniently view transaction data on the blockchain. A blockchain can be confusing due to the numerous distinct numbers and complex codes, but SolScan makes it much easier. SolScan gives you access to everything that happens on the Solana blockchain. On the blockchain, you may see transactions as well as smart contracts, blocks, and tokens.

SolScan user account

Looking for SolScan advantages? SolScan has the advantage of being fully free to use for everyone. Furthermore, you do not need to register an account to view the blockchain, but it is feasible to do so. Using an account will give you more capabilities, such as the ability to conveniently view your transactions.

Solana ecosystem scanning software

It is critical to have blockchain explorers for simplicity of use. After all, the blockchain is used for transactions that can be easily followed via the explorer. If you are unsure whether a transaction was completed successfully or if your balance is not properly shown, you can use SolScan to find out.

People can use a vast variety of applications because the Solana ecosystem is made up of many decentralized applications (DApps). A scanning tool for the entire ecosystem can be useful, especially during busy moments or when a problem with the Solana blockchain has developed. Because SolScan is designed for the Solana blockchain, it allows users to investigate the complete ecosystem on the blockchain.

Because blockchain technology is new to many people and might be difficult to use, crypto businesses frequently aim to make the layout as easy as possible. This is also true with SolScan. The layout of SolScan is extremely similar to that of EtherScan, the Ethereum blockchain explorer. Because Ethereum has been available for much longer and is more widely adopted, users can easily transition to SolScan.

SolScan characteristics

The SolScan explorer includes many capabilities that allow you to examine the whole Solana blockchain. To begin with, the tool’s homepage is already a pretty engaging and informative page. For example, you can find the supply of Solana for $16, the  cryptocurrency of Solana, here.

You can also view how many SOLs are staked and how many transactions have occurred in total. But it’s not just the homepage that’s intriguing.In addition, the platform has several features. You can find numerous facts and statistics under the categories of Analytics and Blockchain, which we shall discuss in more detail later in this article.

There is also a DeFi Dashboard, where you may gain a clearer insight into decentralized finance (DeFi) on the Solana blockchain, among other things. SolScan also has information on staking. SolScan analytics provide a wealth of information on everything from staking to unstaking.

How do you utilize SolScan?

So, SolScan offers several features, but how do you use them? The most often utilized tool on the blockchain explorer is the search option for addresses and transactions. People are frequently looking for information about a certain transaction or token, so it is natural for these features to appear.

You may quickly and easily view various data like transaction costs, wallet addresses, and much more by entering the correct data into the search tool. We highlight the activities related to transactions and addresses below to help you understand SolScan’s most frequently utilized capabilities.

Transactions with SolScan

Each transaction on the Solana blockchain is signed and registered on the Solana mainnet. This signature is made up of multiple numbers and letters that make a long string of both characters. Do you want to learn more about a specific transaction? Copy the given code and paste it into the search field in SolScan.

The transactions on Solana show that blockchain technology stands for transparency. When you press enter, you’ll be sent to a menu with all of the transaction’s details.This information is divided into three categories:

  • Overview
  • SOL Balance Change
  • Token Balance Change

When you click on Overview, you will see all of the transaction’s interesting details. Consider the block code, fees, date and time, and any further notes. The other sections show the changes in the balances of both addresses involved in the transaction.
SolScan identifiers: If you wish to learn more about a certain address, the process is similar to that of transactions. If you want to learn about the history of a specific address, you may do so with just a few mouse clicks.

First and foremost, you must locate the correct Solana location, the one about which you wish to learn more. The address code is much shorter than the transaction signature, but it also contains both digits and letters. You can discover a listing of the address in question by copying this code and putting it into SolScan’s search box.

How do I locate tokens on SolScan?

You may also use the search bar to find tokens on the blockchain explorer SolScan. This multi-purpose search function finds tokens just as easily as it finds information on transactions and addresses.

If you want to learn more about tokens on the Solana blockchain, put the token address into SolScan’s search bar. The token address of a token is frequently found on the website or through social media platforms. If this fails, it is frequently available on websites like as CoinGecko and CoinMarketCap.

Who should make use of SolScan?

The Solana community may utilize SolScan to access this critical data. It is incredibly convenient to consult SolScan when you have concerns or inquiries concerning transactions. For example, if you are unsure about a transaction, the information from SolScan can be extremely useful. It’s always nice to know what’s going on with a transaction, especially when the stakes are high.

It may take some time for your cryptocurrency to arrive in your wallet, or the transaction may not have been completed. If you wish to prevent these issues, send a small amount first to see if the transaction runs well. Of course, this is not a 100% guarantee, but it is one technique to avoid blunders.

 

Listen to the article

Author's Bio

Naveen C

Co- founder at Ecosleek Tech Research and Branding at MythX. Talks about #gaming, #metaverse, #blockchain, and #softwaredevelopment

Let's work together

Contact Us

Fill out the contact form, reserve a time slot, and arrange a Zoom Meeting with one of our specialists.

Get a Consultation

Get on a call with our team to know the feasibility of your project idea.

Get a Cost Estimate

Based on the project requirements, we share a project proposal with budget and timeline estimates.

Project Kickoff

Once the project is signed, we bring together a team from a range of disciplines to kick start your project.

Nothing great ever came
that easy !

GET IN TOUCH

Explore

info@ecosleek.in

+91- 630 - 173 - 3800

What Is SolScan and How Does It Work?

0