The realm of blockchain technology is home to a plethora of fascinating new initiatives that are constantly being developed. SolScan is one of those many initiatives. It  is a comprehensive data analytics and blockchain explorer with a primary emphasis on the Solana ecosystem. Users, developers, and projects may make use of the comprehensive data services offered by SolScan.

SolScan specializes in simplifying complicated data so that it may be viewed in a straightforward manner by its users. Users of this blockchain explorer have access to all of the records that are stored on the blockchain. Transactions, including crypto, addresses, smart contracts, blocks, tokens, and a great deal more, are all included in these records.

Advantages

The structure of SolScan is identical to that of EtherScan. It is completely free to use and has a variety of helpful tools, lists, and graphs in its arsenal. The explorer also comes with a collection of open application programming interfaces (APIs) that may be used to integrate real-time SolScan data into bespoke third-party software and utilities.

Many users find that since SolScan’s user interface is more beginner-friendly than the official Solana network browser, they prefer using SolScan. Users choose to use this browser since it’s free and provides them with a wide variety of useful tools, like analytical graphs, lists, and other similar features.

SolScan is still in the process of being developed and is often updated with new capabilities. A staking rewards calculator and a SOL value tracker are two of the most recent innovations. The search option in SolScan is its most-utilized function, allowing users to explore locations and transactions. You will have speedy access to a significant quantity of information if you have the proper hash. This includes all fees associated with the transaction, as well as any confirmations, timestamps, and addresses involved.

SolScan provides users with access to a wide selection of other tools and information that may come in handy for them while working with cryptocurrencies. For instance, the Resources part of the website has a range of manuals and tutorials that explain how to use SolScan as well as information on different areas of the cryptocurrency sector.

In addition to this, SolScan has a built-in chat network that will facilitate real-time communication between active traders.

Everyone interested in participating in solar trading should look into using SolScan since it is the best tool available. It is pretty simple to use, and it comes equipped with all of the capabilities that are required for managing the solar system and carrying out intelligent transactions.

Traders and investors who want to monitor their portfolios and the markets as a whole in real time will find SolScan to be a very useful tool. It is simple to make more wise and more cautious choices regarding investments and to stay one step ahead of any competition you could face when using this program, which provides current updates and notifications.

The Solscan team is made up of individuals from different parts of the globe who are enthusiastic about blockchain technology.

How To Use SolScan

To use Solscan, go to the website (https://www.solscan.io) and type the ticker symbol or contract address of the cryptocurrency you want to track into the search field on the homepage. When you have finished doing so, you will be brought to the primary page for that currency on SolScan. You are free to explore the many functionalities that Solscan has to offer. You may, for instance, just browse through the blockchain explorer, which will make it possible for you to observe all of the transactions that have occurred on the network. You may also utilize the Search option to locate certain transactions, addresses, or smart contracts that you are looking for.

Using Search

You can use the search option on SolScan to locate a translation, an address, etc.

In order to find a transaction, you need to copy and paste the signature—which consists of a combination of letters and numbers—into the SolScan search field and then hit the Enter button. The transaction will be found by the browser on its own automatically.

All of the information that can be found on the transaction will be shown. The information will be broken down into three sections: a summary, a change in the SOL balance, and a change in the token balance.

Details about the signature, the block in which the transaction was recorded, the current status of the transaction, and other relevant information will be included in the Overview section of the record. In addition, more details are available to you in the sections under “SOL balance change” and “token balance change.”

The search button is another option for locating information on wallet addresses that you may utilize. You can acquire a summary of the interactions that a particular wallet has had with other smart contracts as well as its transactions. You just need the address of the wallet (which is also a combination of letters and numbers but looks shorter than a signature). You will see an “Overview” section, similar to the one that was present in the earlier scenario, in which the current balances of the account are shown. You can view the history of the wallet’s transactions by clicking on the bottom tabs.

Furthermore, you can make use of SolScan’s Search option so that you may validate any tokens that you have and get a comprehensive description of all of their characteristics. The steps involved are just as simple and uncomplicated as the ones described before.

It is as simple as entering the token address into the SolScan search engine with a copy and paste followed by a click on the search button. After searching for the address, you will find information, including the fully diluted market capitalization, the maximum total supply, the holders, the social channels, the name of the token, and other relevant details.

Why SolScan?

Above, we discussed some of the reasons why you need to use SolScan. In addition to the fact that this development has garnered quite a bit of attention on its own, it has also shown that it is an excellent replacement for the official explorer that is in use on the Solana website. So here is a rundown of a few essential and straightforward reasons you should make use of the blockchain explorer.

• It is simple to understand. The layout of SolScan is also pretty standard, which makes it easy to find your way around.

• SolScan is free and you don’t necessarily need an account to use it although you can create one if you wish.

• SolScan has useful tools, easy-to-understand conclusions from analyses, and lists that can help you move around the blockchain easily.

• SolScan can also be used to find out about certain problems concerning transactions or staked tokens. 

Other Solana Blockchain Explorers

SolScan is a gadget that sees a lot of action among a lot of different users of the Solana blockchain. Nevertheless, several other blockchain explorers might work just as great as SolScan. SolScan is a comparable product, however, it is not the only one available for what it does.

Other tools like Solanascan, Solana Beach, and Blockchain are further examples of blockchain explorers that may be used to explore the Solana blockchain. These Solana explorers are presented in a way that is straightforward to use, just like SolScan.

Risks

SolScan is not a perfect instrument, and there is a possibility that it may sometimes show false positives. It is important to keep in mind that Solscan is still a tool that is in the process of being developed.

This indicates that new features are always being introduced, as well as bug fixes and other improvements. Despite this, it is highly recommended that you test it on your Solidity code before you upload it to the blockchain to ensure that no major problems have been overlooked.

Secondly, SolScan is not capable of discovering all of the flaws and vulnerabilities that may exist in a smart contract. This is because the scanner mostly depends on a database of previously known vulnerabilities, and new problems are being uncovered consistently.

Therefore, even after a smart contract has been scanned by SolScan, there is no guarantee that all of the vulnerabilities will be detected. Nevertheless, SolScan is an incredible tool and its usefulness overshadows its shortcomings.

Solscan is, all things considered, a potent instrument that can be used by both seasoned cryptocurrency users as well as those who are just beginning their journey in the sector. Solscan is a tool that is worth looking at if you are interested in discovering how to navigate the blockchain of a certain cryptocurrency.

Closing Thoughts

Blockchain explorers are essential tools for every user who wants to investigate or take advantage of distributed ledger technology. It transforms any complicated transactional data into something straightforward and easy to understand.

Solscan is a key tool in the Solana ecosystem, and they are developing its very own distinctive network effect. The developers have included many different Solana protocols into the SolScan front end to create a more effective blockchain explorer.

Co-led by multicoin and electric capital, SolScan revealed on December 21, 2021, a $4 million seed financing for their project. In addition, they included Jump Capital, Sequoia India, Solana Ventures, Signum Capital, Alameda Research, and CoinGecko among their business partners.

The Solana blockchain explorer is the focus of the investment, which aims to increase the number of integrations. There are also plans to roll out SolScan Analytics as well as hire more staff to support the company’s rapidly expanding client base and partner requirements.

More than 2.3 million people use SolScan regularly, making 180 million data queries each month. One of the main reasons for its ascent to the position of the top explorer in the Solana ecosystem is its integration with several high-profile initiatives. More features are constantly being developed to provide consumers with a better, more personalized, and more personal experience.