A Comprehensive Guide for BscScan: How to Use It Effectively on BSC

BscScan is a blockchain explorer for the Binance Smart Chain (BSC) ecosystem. It allows users to search, verify, track, and analyze transactions, addresses, tokens, and other important activities on the BSC network. Moreover, the team behind the Etherscan app and  Binance Smart Chain are the same which makes BNB a more reliable network.

If you want to monitor BSC data but feel overwhelmed, don’t worry, we have the ideal tutorial on how to use the Blockchain Explorer. This will help you to track the progress of the BNB Smart Chain.

What is BscScan?

Bscscan (BscScan.com) is a website that was developed in 2020 by the same team as the Etherscan app, the leading blockchain explorer for Ethereum. It offers an analytics platform for BSC, but it also has many other amazing features. This can be a good source of information if you want to keep an eye on decentralized finance (DeFi) projects built on BSC.

Source: BscScan 

The tool is not endorsed, run, or controlled by BSC developers but works independently as a sovereign company. It provides a transparent and accurate view of the BSC network, which is compatible with Ethereum and supports smart contracts and decentralized applications (DApps).

How To Use BscScan?

Monitor gas prices: You can see the average gas prices, block size, and average utilization in the “Gas Tracker” section. You can also find out the top gas consumers and providers that affect their decisions.

Source: BscScan 

Check transactions: You can look up transactions by entering the BscScan transaction hash or wallet address. You can also get detailed information about the transaction amount, balances, status, transaction fees, date, and block number.

Source: BscScan 

Check wallet addresses: You can explore wallet addresses by typing the wallet address in the search bar and getting information about the BNB balances, transaction history, and BEP-20 token balances.

BscScan Token approval: Tracking tokens in the “Tokens” section is another platform use case. You can see the price, volume, market capitalization, and holder count of the tokens. The platform supports BEP-20, ERC-721, ERC-1155, and NFTs on the corresponding blockchain.

Source: BscScan 

Verify smart contracts: Smart Contract verification in the “Verify Contract” section is another effective service offered. You need to enter the contract address, select the compiler type and license type, and paste the contract code. Next, follow the steps and click the “Verify and Publish” button to verify the smart contract.

Source: BscScan 

How Does BscScan Work?

Bscscan works by connecting to the BSC nodes and retrieving the latest data from the blockchain. It then processes and displays the data in a user-friendly and intuitive interface. 

You can access the platform through any web browser and explore various aspects of the BSC network, such as blocks, transactions, addresses, tokens, contracts, charts and resources. 

What Are The Features of BscScan?

The blockchain explorer has many features that make it a useful and powerful tool for BSC users and developers. Some of the features are:

Search Bar: You can easily search for any block, transaction, address, token, or contract on BSC by entering the relevant hash, number, or name in the search bar.

Filters and Sorts: Data on the platform can be filtered and sorted by various criteria, such as date, amount, fee, status, and more.

Comments and Labels: You can leave comments and labels on any transaction, address, token, or contract on the platform to share your insights, opinions, or feedback with the community.

Contract Verifier: You can also verify the source code of any smart contract on BSC and confirm that it matches the deployed bytecode. This helps to ensure the authenticity and security of the contract.

BEP-20 Token Generator: You can generate your own BEP-20 tokens on BSC by using the token generator feature. This helps to create and deploy custom tokens for various purposes.

BSC Burned Tokens: Another feature is viewing the list of tokens that have been burned on BSC by using the burned tokens feature. This helps to understand the token economics and supply dynamics of BSC.

NFT Analysis: NFT analysis is another outstanding feature offered by the blockchain explorer. Any hosted NFT project can be explored along with tracking ownership and transaction history, and even analyze specific NFT-related attributes.   

Conclusion

BscScan is a comprehensive and reliable blockchain explorer for the BSC ecosystem. It enables users to search, verify, and analyze various aspects of the BSC network, such as transactions, addresses, tokens, and contracts. It also provides various features and resources that enhance the user experience and functionality of BSC. The platform is a valuable tool for anyone who wants to explore and interact with the BSC network.

FAQs

What is BSC?

BSC is a blockchain network that runs in parallel with the Binance Chain. It supports smart contracts and DApps and is compatible with Ethereum. BSC aims to provide a fast, secure, and low-cost platform for DeFi innovation.

What is the difference between BSC and Ethereum?

BSC and Ethereum are both blockchain networks that support smart contracts and DApps. However, BSC has some advantages over Ethereum, such as faster transaction speed, lower transaction fees and higher scalability.

How can I use Bscscan?

You can use the platform by visiting the website BscScan.com or mobile application and exploring the various features and functions available. You can also use the API to access the data programmatically.