{"id":4962,"date":"2022-10-10T16:57:48","date_gmt":"2022-10-10T16:57:48","guid":{"rendered":"https:\/\/blog.prestmit.io\/?p=4962"},"modified":"2025-08-14T04:18:04","modified_gmt":"2025-08-14T04:18:04","slug":"what-is-etherscan-and-how-does-it-work","status":"publish","type":"post","link":"https:\/\/prestmit.io\/blog\/what-is-etherscan-and-how-does-it-work","title":{"rendered":"What Is Etherscan And How Does It Work"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dab946f253e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dab946f253e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/prestmit.io\/blog\/what-is-etherscan-and-how-does-it-work\/#What_Is_Etherscan\" >What Is Etherscan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prestmit.io\/blog\/what-is-etherscan-and-how-does-it-work\/#What_Can_You_Use_Etherscan_For\" >What Can You Use Etherscan For?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prestmit.io\/blog\/what-is-etherscan-and-how-does-it-work\/#How_Does_Etherscan_Work\" >How Does Etherscan Work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/prestmit.io\/blog\/what-is-etherscan-and-how-does-it-work\/#Track_Wallets_With_Etherscan\" >Track Wallets With Etherscan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/prestmit.io\/blog\/what-is-etherscan-and-how-does-it-work\/#Review_Smart_Contracts_With_Etherscan\" >Review Smart Contracts With Etherscan\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/prestmit.io\/blog\/what-is-etherscan-and-how-does-it-work\/#How_To_Use_Etherscan_Gas_Tracker\" >How To Use Etherscan Gas Tracker<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/prestmit.io\/blog\/what-is-etherscan-and-how-does-it-work\/#Conclusion\" >Conclusion\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">It&#8217;s a common assumption that blockchain technology is a completely secure and anonymous network which makes it impossible for transactions and activities on the blockchain to be revealed to a third eye.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Ethereum network is one of the most popular types of blockchain networks that has been subjected to this common belief, hence, many believe that information and transaction data stored in the Ethereum blockchain cannot be accessed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, in most real cases, every piece of information, transaction data, wallets, smart contracts and gas fees ever recorded on the Ethereum blockchain can be easily accessed with a tool called &#8220;Etherscan&#8221;.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is a popular and important tool utilized by most Ethereum network users to access every important information they need on the network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So what is this Etherscan and how does it work on the Ethereum network?<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Etherscan\"><\/span><b>What Is Etherscan?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Every blockchain like Ethereum has a special tool which is used to access and search the blockchain and elicit any information needed. This tool is simply known as a &#8221; blockchain explorer&#8221; and they are specifically used for their respective blockchains. For example, to search and access transaction details, smart contracts, wallets and many other activities on the Bitcoin blockchain, you would utilize the <a href=\"https:\/\/prestmit.io\/blog\/list-of-7-top-blockchain-explorers\/\">Bitcoin blockchain explorer<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As in the case of the Ethereum blockchain, Etherscan, an Ethereum blockchain explorer is used to search and examine data concerning transactions, wallet addresses, Ethereum tokens, smart contracts, gas fees and many other Ethereum blockchain-related information.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Etherscan is not a wallet nor a crypto trading platform, it&#8217;s mainly for navigating through all the data stored on the Ethereum blockchain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Etherscan platform is not funded by the Ethereum Foundation but rather by a team of seasoned developers and professionals whose motivation established strongly in making the Ethereum blockchain more accessible to users.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Etherscan is sometimes called &#8220;Ethplorer&#8221; and this app has made every inquiry on the Ethereum blockchain a lot easier.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even though Etherscan is a centralised platform, it has grown to become one of the most reliable Ethereum blockchain explorers.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Can_You_Use_Etherscan_For\"><\/span><b>What Can You Use Etherscan For?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A lot of activities can be carried out on the Ethereum blockchain using Etherscan. Since Etherscan is a platform which gives a user access to various information on the Ethereum blockchain, there is no limit to the information one can lay hands on, provided they are made public on the network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Etherscan can only display information or data that is public on the Ethereum blockchain. In other words, private data like private keys can&#8217;t be accessed by the Etherscan app because it is not involved in any transactions or stores any private keys.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since this tool is only concerned with public information, it gives public evidence of crypto transactions. Users can check the status of a transaction, whether the token has been sent or received, pending, successful or unsuccessful.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With this tool, users can get useful information that will help them make a transparent transaction by verifying a wallet address before engaging in any transaction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Users can also view their assets held on their Ethereum wallet address by entering the address in the Etherscan search box. The current balance, gas fees, smart contracts and transaction history linked to the address will be displayed by Etherscan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While making a transaction or expecting the Ethereum blockchain to confirm a transaction, a good way to track such a transaction&#8217;s progress is to check it out on Etherscan.io using its harsh key.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Users will see the estimated time the transaction will take to confirm from the hash.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Etherscan is not limited to the above-mentioned use cases. There are so many use cases of Etherscan which include the following;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Examine live transactions as they take place on the Ethereum blockchain.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Check and verify the crypto assets linked to a particular public wallet address.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Find out the smart contracts that possess a verified security audit and source code.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Check and confirm each transaction made from any Ethereum wallet.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Detect and track the number of smart contracts authorized by a user using their wallet.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Using the Etherscan gas tracker to calculate Ethereum gas fees.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Check the current ETH price.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_Does_Etherscan_Work\"><\/span><b>How Does Etherscan Work?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You must not open an Etherscan account to use its features even though doing so will grant you access to more features.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, to get the information you need from Etherscan, you must first paste the address of whatever you are searching for on the search field and then click on Enter.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The information you search for will be displayed on the screen immediately.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Track_Wallets_With_Etherscan\"><\/span><b>Track Wallets With Etherscan<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Like earlier said, just paste the information you want to search (wallet address) on the search field and hit the enter button.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this case, paste the wallet address in the search field and click enter. Different information about the wallet address will be displayed and this includes;<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> The current amount on the wallet (in ETH and USD).<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> A list of different transactions on the blockchain and further scrolling down the search result will reveal the transaction history on the wallet address.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The details of the transaction. By clicking on each transaction, you can read more details about the transaction like its current status, amount, sender&#8217;s address, and the number of confirmations it has received.<\/span><\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Review_Smart_Contracts_With_Etherscan\"><\/span><b>Review Smart Contracts With Etherscan\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/prestmit.io\/blog\/what-are-smart-contracts-in-cryptocurrency-a-beginners-guide\/\">A smart contract is a program<\/a> that executes by itself when some conditions are met. NFTs and decentralized applications on the blockchain are powered by smart contracts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With Etherscan, smart contracts can be scanned, verify ownership and view the history of assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NFTs are not displayed on Etherscan but information about the owner can be seen.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To review a smart contract on Etherscan, you simply copy the address and paste it into the search field, just like you will do when tracking a wallet address but in this case is an NFT smart contract address.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By clicking on &#8220;search&#8221; or &#8220;enter&#8221;, you&#8217;ll view details about the smart contract such as the contract creator, either value, the balance, token tracker etc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Clicking on the contract option will give you access to three more options: Code, Read Contract and Write Contract.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, always confirm that the contract code is a verified contract.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_To_Use_Etherscan_Gas_Tracker\"><\/span><b>How To Use Etherscan Gas Tracker<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">With Etherscan, users can check the low, average and high gas prices on platforms like Opensea, Curve, Sushiswap and others.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The term &#8221; Gas&#8221; is referred to the fee associated with a transaction executed successfully on the Ethereum blockchain. In other words, gas means transaction fee.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using Etherscan to check the gas fee, simply click on More &gt; Gas Tracker.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you want to check the gas prices of your wallet, simply enter the address in the search bar and click enter.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Further click on Analytics &gt; Tnx Fees. The gas price and the average value of your gas fees will be displayed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The gas price is updated on the Etherscan platform every 15 seconds making it easier for users to predict how much they will likely pay and how congested the network could be.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Etherscan is the most popular and reliable tool for exploring Ethereum blockchain and accessing any public data on the network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using Etherscan, one can track gas prices, track wallets, review smart contract codes, monitor the activities of the Ethereum blockchain and many more.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The best part is that this tool is free and does not require users to register before they can enjoy all its features.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s a common assumption that blockchain technology is a completely secure and anonymous network which makes it impossible for transactions and activities on the blockchain to be revealed to a third eye. The Ethereum network is one of the most popular types of blockchain networks that has been subjected to this common belief, hence, many [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1788],"tags":[1483],"class_list":["post-4962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-etherscan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What Is Etherscan And How Does It Work - Prestmit<\/title>\n<meta name=\"description\" content=\"What Is Etherscan And How Does It Work - 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