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Payment provider SpectroCoin introduces its own Bitcoin blockchain explorer

SpectroCoin, an all in one solution for bitcoin payments, has introduced its own Bitcoin blockchain explorer site where users can check the details of individual blocks, transactions, the transaction histories and balances of addresses. The SpectroCoin Bitcoin blockchain explorer allows users to simply navigate the blockchain.

On the main page of the explorer, there is information about all the latest validated transaction blocks and individual transactions:

Transactions are listed by their transaction ID which is shown on the left side of the “Latest transactions” section. It is a unique code that identifies a particular transaction. On the right side of the “Latest transactions” section, the number of bitcoins (or USD/mBTC/bits) that was sent via the transaction.

When clicking on a transaction ID, the explorer will be forwarded to a window with all the transaction details:

In “Summary” section shown below, there is a brief account of the transaction that includes size of the transaction, its fee rate (BTC per KB), time when the transaction was mined and received, hash ID of the block that the transaction belongs to and “LockTime” which refers to the earliest time a transaction can be mined into a block.

In the “Details” section you can see from which addresses to which addresses the bitcoins were sent and the number of bitcoins that was sent to each address. The letter next to the bitcoin amount indicates the status of the transaction balance “U” meaning the transaction balance is unspent, while “S” indicating that it has been spent. On the bottom left corner, there is the transaction fee. On the bottom right corner in a dark blue box showing the total sum of the transaction and in a light blue box, there is the number of confirmations the transaction has received.

If selecting a particular bitcoin address, the explorer will be forwarded to a page with a history of all the transactions regarding this bitcoin address. On the top of the page next to the word “Address”, is shown the total balance of the bitcoin wallet the address belongs to:

In the “Summary” section the explorer shows the total sum of money this bitcoin wallet address has sent out and has received, its total current balance as well as the total number of transactions that have been made to/from it.In the “Transactions” section you can see the details of all the transactions that belong to this address.

In the “Transactions” section shows the details of all the transactions that belong to this address. If a user scans the QR code with the SpectroCoin app, it easily sends bitcoins to this wallet address.

Bitcoin Blockchain

Whenever a digital transaction is made it is grouped in a cryptographically protected block together with other transactions that have been carried out in the last 10 minutes and it is sent out to the entire network. Miners then compete to validate the transactions by solving mathematical problems for a certain reward. Each validated block of transactions is added to the blockchain in a chronological order. New blocks of validated transactions are linked to older blocks. As a result, there is a chain of blocks that display all transactions that have ever occurred in the history of the blockchain.



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