Transaction Monitoring via Hash: A Complete Guide to Blockchain Explorers

When you transfer cryptocurrency from one address to another, each transaction receives a unique identifier — a transaction hash (txhash). This 64-character code becomes your main tool for checking the status of the transfer, especially if the funds take longer than expected to arrive or haven’t arrived at all. Blockchain explorers are specialized tools that allow you to track any operation on the network using this transaction hash and get a complete picture of what’s happening on the blockchain.

Why You Need a Blockchain Explorer and How It Works

Imagine the blockchain as an open book, whose records cannot be altered by anyone. A blockchain explorer functions as a powerful search engine for this book. By connecting to APIs and network nodes, these platforms provide you with real-time information about all transactions, current network activity, processing speeds, and many other parameters.

When you initiate a payment, the system automatically assigns a unique transaction hash to your operation. Using this identifier, you can at any time find out:

• Whether your payment has been sent and accepted by the network
• How many confirmations your transaction has received
• What fees were charged for processing
• Sender and receiver addresses
• The current status of the transaction — pending, confirmed, or completed

This is especially useful for traders and active cryptocurrency users who constantly send funds between exchanges and personal wallets. Miners use explorers to monitor mined blocks and verify reward receipt.

Key Features Provided by Explorers

Each blockchain explorer specializes in a specific network, so usually a separate tool is needed for each type of cryptocurrency. For example, Etherscan works with Ethereum, Solscan with Solana. This means that the same transaction may be visible in one explorer but absent in another if the network isn’t supported.

Main features offered by any quality blockchain explorer:

Search by transaction hash and wallet addresses. Enter your txhash or wallet address — and get a full history of all related operations. The system will display all incoming and outgoing payments, their amounts, and timestamps.

Tracking status and number of confirmations. When topping up an account, some systems require a certain number of blockchain confirmations before the funds are fully credited. The explorer allows you to track how many confirmations your transaction has received and when it will be fully finalized.

Analysis of fees and transaction costs. You can see how much gas fee was spent on processing your transaction and what its fiat value was at the time of sending.

Directory of Main Blockchain Explorers

There are many explorers, each providing access to information about different networks and currencies:

Universal explorers work with multiple networks simultaneously. CoinMarketCap provides general information about cryptocurrencies, while Blockscan can verify transactions across various networks.

For Bitcoin and altcoins specialized tools are used. Blockchain Block Explorer is a classic option for checking BTC transactions; it also supports ETH and BCH. BlockCypher works with BTC, DASH, and DOGE. Blockchair covers BTC, LTC, XRP, BCH, and ETH — one of the most versatile options for traditional cryptocurrencies.

For specific networks:

• Tonscan — for TON and its ecosystem
• Etherscan — a trusted assistant in the Ethereum world
• Solscan — the main tool for Solana users
• Hedera Explorer — for exploring transactions on Hedera
• EOSFlare — designed for analyzing the Vaulta network
• polygonscan.com — specializes in Polygon
• arbiscan.io — tracks operations on Arbitrum
• bscscan.com — shows transactions on BNB Smart Chain

What Information the Explorer Will Provide

When you find your transaction by hash (txhash), you will see detailed information divided into several categories:

Network overview: transaction trends, current network hash rate — all give an idea of blockchain load.

Details of your specific transaction: here you will find the transaction hash, send time, current status (pending, confirmed, completed), block height, list of confirmations, incoming and outgoing amounts, sender and receiver addresses.

Fee information: gas fee shows how much you paid for processing. This differs from exchange fees — it’s only the network fee.

Block data: if you’re interested not only in the transaction itself but also in the block it was included in, you can find its height, unique block hash, mining time, number of transactions in the block, and even information about the miner who mined it.

How to Use a Transaction Hash to Recover Funds

If your deposit hasn’t arrived or your withdrawal is stuck, a blockchain explorer becomes your primary diagnostic tool. Armed with your txhash, you can determine exactly where the transfer is stuck and whether recovery is possible.

When contacting support to recover lost funds, provide our team with the following information, which you can easily find in the explorer:

Transaction hash (TXID). This is a 64-character identifier unique to each operation on the blockchain. Using this code, you can track the fate of any payment and confirm that the transaction was indeed sent.

Token contract address. If you transferred a non-standard coin, such as USDT on Ethereum, you will need the smart contract address of that token. This is not your wallet address — it’s the address of the token itself on the blockchain. Be careful not to send funds directly to the contract address, as this will result in loss of funds.

Providing precise transaction details will significantly speed up the review process and increase your chances of successful recovery. A blockchain explorer is not just a curiosity tool — it’s your main assistant in ensuring security and transparency when working with cryptocurrencies.