Blockchain technology came as a revolutionary new invention that promises transparency, immutability, and simply — truth. However, one thing that developers seemingly forgot about is navigation.
In the sea of data that is even a single blockchain, finding the specific block, or a specific transaction comes as nearly an impossible task. Bitcoin’s blockchain, for example, grows a block longer after every 10 minutes, and it has been growing without pause for the last 11 and a half years.
This dilemma led to the idea of a blockchain explorer – a Search Engine for blockchain transactions – and that is how Blockchair came to be.
Navigating blockchains with Blockchair
Blockchair is an online service created for blockchain navigation, which pretty much acts as a search engine for blocks. It is a tool that can find any information recorded on blockchains within seconds, simply by searching for specific keywords, amounts, dates, and alike.
Any information that is recorded on a blockchain when transactions take place can be used for finding that specific transaction, regardless of whether it was made 10 minutes ago, or 10 years ago.
The way it all works is rather simple — Blockchair keeps an entire library containing all blocks, transactions, and outputs. All you need to do is go to its website, and type whatever you are interested in finding into the search field. The process is identical to using a search engine.
The company was founded four years ago, in 2016. Back then, it only focused on Bitcoin’s blockchain. In fact, it kept focusing on Bitcoin until early 2018. Just after the altcoin explosion, the firm decided to expand.
Today, it keeps track of as many as 15 different blockchains, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Bitcoin SV, Cardano, Stellar, Monero, Zcash, Dash, Mixin, Dogecoin, Telegram Open Network, and Groestlcoin.
While this is a fantastic start, with over 3,000 currently active crypto projects – we expect more to be added in the future.
Searching for blocks
The project currently supports multiple blockchain projects. This allows users to see the average size of blocks by day, even hour, and for multiple months. This can help new crypto traders who wish to get the idea of how a specific project ‘breathes’, when payments are rising or dropping, how the hashrate distribution works, and more.
Diving deeper, it appears it’s also possible to search for specific transactions. Every single transaction ever made for 15 different projects is currently available; a revolutionary circumstance when you take a moment to think about it. Which other ledger in existence has a freely available, open, public system like this? It also allows one to observe how the coins of a specific project are circulating as months go by.
Another use-case is that the project allows for keeping track of how the number of transactions grows, and how the fees rise or fall over time.
The search result can be rather specific, depending on what the user needs. Some examples include looking for transactions that only include amounts higher than $1 million, or transactions that only include a specific cryptocurrency. Blockchair can instantly find out how many transactions there were that only involve satoshis, or check out all the addresses starting with 1dice.
Who’s behind the innovative new block explorer
Blockchairs’ team has put a lot of effort into creating and expanding the search engine over the course of the last four years, it appears. The project lead is a Moscow-based engineer and Bitcoin explorer developer, Nikita Zhavoronkov, alongside one of Kazakhstan’s top Ethereum explorer developers, Yedige Davletgaliyev, and Germany-based communications officer, Alexandra Ivanisenko.
However, while the team did start small and on their own, they’ve since attracted a lot of attention. And, as expected, with all that attention came partnerships which are hardly surprising considering the project’s usefulness and potential.
As more and more partners arrived, the project’s legitimacy started becoming easier to establish. At this point, the project is partnered with all kinds of companies including crypto mining gear maker, Bitmain, as well as Github. Other major partners include Russia’s National Research Nuclear University, as well as Kazakhstan’s Astana International Financial Centre.
Then, there is the blockchain veteran, Bitcoin.com, as well as wallets such as Exodus, Magnum Wallet, Cryptonator, BitKan, Guarda, Edge, Trust Wallet, and many others, including multiple hardware wallets. The project also partnered up with plenty of exchanges, such as ChangeNow, Catex, LiteBit, CoinEx, Big One, Bilaxy, Crypto.com, SimpleSwap, and others.
Its services are employed by multiple mining pools, including ViaPool, Sigma Pool, UniCrypt, mempool, SBI Crypto, and Poolin, among others. The list of partners is long, and it keeps growing all the time. It also includes other explorers featuring blockchain, such as Blockin, ViaExplorer. BlockScout, BTC.com, and Bitcoin.com.
There are also market data providers (CoinMarketCap, CoinGecko, COIN360, BitKan), various crypto processors (WestWallet, CryptoWoo, NowPayments), dApps (DuckDice, OpenBazaar, Thunderpick, etc.) academic partners, and media partners.