For anyone looking for a way to search the blockchain for balances and transactions, SolScan is the ideal solution. This web-based tool makes it easy for one to find any information that they want on the blockchain.

In case you are a Solana (SOL) wallets user, then you must know how crucial it is to have a platform that helps in simplifying information and offers the perfect tools you require to make informed decisions. That is exactly what SolScan is designed to do for the Solana wallet users.

Apart from offering the users information about Solana transactions, the tool also provides an extensive insight as it captures and reports all activities that take place in the Solana blockchain.

SolScan Overview

SolScan is a blockchain analysis tool that lets users visualize and track the activity of all addresses on the Solana network. Besides offering analytical data, SolScan also strives to enable users to understand the fundamentals of the way the Solana network operates. The platform provides educational resources including guides and tutorials.

For now, SolScan is still in the development stage and is continuously adding new features. Some of the notable additions include a staking rewards calculator and SOL value tracker. The SolScan team comprises volunteers from all over the world who are enthusiasts of blockchain technology.

Related: 4 Blockchain Trends for 2022 and Beyond

When using SolScan, the tool lets you scan your Solidity code for any possible vulnerabilities. It is an open-source platform that is available on GitHub. To use it, you have to install the Solidity compiler. Then, you can clone the SolScanner repository and run the SolScan command using the path to your Solidity file as an argument.

It outputs a report listing all issues and suggests possible resolutions in case any problems are unearthed. Sometimes, it is possible to fix the vulnerability automatically by running the SolScan fix command.

SolScan is still not a perfect tool and might reports false positives at times. Nevertheless, it is advisable to run it on your Solidity code before you deploy it to the blockchain to guarantee that no significant issues exist.

SolScan

How Does It Work?

SolScan is a tool designed to let you scan the blockchain of a particular cryptocurrency for specific addresses, transactions, and smart contracts. It also enables you to view transaction data in real-time and historical data that dates back to the origin (genesis) block. Furthermore, SolScan offers extensive information on every transaction, including amounts, sender and receiver addresses, gas prices, and a lot more.

To use this tool, enter the desired crypto’s ticker symbol or contract address into the search bar available on the homepage. After doing that, you are redirected to the currency’s main page on SolScan. You can review and explore all the features that SolScanner has on offer.

For instance, you can view the blockchain explorer that lets you see all transactions that have happened on the network. Moreover, you may use the ‘Search’ function to find particular smart contracts, addresses, and transactions.

Related: Canadian Government Body Builds Ethereum Blockchain Explorer

Apart from the features already mentioned, SolScan also provides various tools and resources that can prove useful for crypto users. For instance, the ‘Resources’ segment of the site features various tutorials and guides on how you can use the platform and information on different aspects of the crypto sector.

In general, SolScan is a powerful tool that may come in handy for experienced crypto users and those just joining the space. If you are seeking ways to explore the blockchain of a particular cryptocurrency, SolScan is a great solution for you.

SolScan Transactions

All transactions on SolScan are visualized in the form of a ‘tree’ with the root found at the top and the leaves at the bottom. Notably, the root is the block that was mined first and every subsequent block is linked to one or more of the previous blocks, which, in turn, forms a chain. The blocks that do not make up the main chain are known as ‘orphans’.

Every transaction has a distinct identifier referred to as a ‘hash’. The identifier is used in the identification of the transaction and also works as a link to all the past transactions in the chain. Interestingly, the hash functions are one-way: hence, it is quite easy to compute a hash from some data, but it is impossible to generate the original data from the obtained hash.

The sender needs to specify the recipient’s address. The amount of SOL tokens that they wish to send, and a fee. In this context, the fee is used to pay miners who authenticate and add the transaction in a block. The recipient’s address is a SolScan public key that is derived from the recipient’s private key. Developers say that the sender needs to have the recipient’s public key to help them generate a valid transaction.

To use SolScan, you must have a Solana wallet. A Solana wallet is described as software that stores the SOL private keys and lets you receive and send SOL tokens. Many wallets exist but they all serve the same purpose.

Once you get a wallet, you can then create an account on SolScan. You must provide the wallet’s public key to register on the platform. Once the account is active, use SolScanner to send and receive SOL tokens and review all your transaction history.

With all these features and capabilities, SolScan can be described as a revolutionary new method of trading and managing your solar system. It enables you to readily sell and buy moons, planets, and other objects found in space.

With this tool, you can easily track all transactions and always stay updated on the latest prices for all available solar objects. The SolScan also comprises a built-in chat network to help you communicate with the other active traders in real-time.

SolScan is the ideal tool for everyone who desires to join solar trading. It is quite easy to use and has all the necessary features for executing smart trades and managing the solar system.

SolScanner is great for traders and investors who wish to track their portfolios and the general markets in real-time. With this tool’s timely updates and alerts, it is easy to make better investment decisions and remain ahead of all competition.

Benefits That Come With Using SolScan

SolScan can be used to monitor portfolios in real-time, analyze market trends, get alerts about market changes, stay updated on company news, and a lot more. While anybody can use this tool, it is mainly designed for developers and blockchain researchers.

Its homepage has a search bar where you enter an address to view its entire transaction history. The Transactions tab is located at the top of the page and it shows all transactions that have already left and entered the address. On the Address Information page, you find data about the address, including the latest dollar value, SOL balance, and the cumulative number of transactions.

To research a specific transaction, you need to click on the Details link. That will show you information about that transaction, including the timestamp, block it was in, signer, result, main actions, fee, and the previous block hash.

How to use SolScan

The Transactions tap at the top of the page redirects you to a page that displays all transactions that have left and entered the specific address. Here you find information about every transaction, such as fee, main actions, previous block hash, result, signer, block, timestamp, and signature.

Related: World’s First Secure Private Transactions Launched on Ethereum Public Blockchain

Searching for an address on the homepage brings up data and information about the address. The page features data like SOL balance at the address, the total number of transactions executed at the address, and its latest dollar value.

Drawbacks

It is crucial to highlight that while SolScan is a useful tool, it is not entirely accurate, and several risks arise when using it.

First, SolScan cannot find all issues and vulnerabilities in a smart contract. That is because the scanner mainly relies on a database of previously known vulnerabilities, and new issues are being unearthed continuously. Therefore, even when SolScan has scanned a smart contract, there is no assurance that all the vulnerabilities will be discovered.

Secondly, SolScanner might provide false positives, which means that it might identify a vulnerability where there is none. That scenario might result in a smart contract being unreasonably modified or rewritten, which introduces new vulnerabilities.

SolScan can help in tracking your online activity since the software uses an IP address whenever it scans the network for available devices. Although that information is not personally identifiable, it might eventually be used to create a profile of all your online habits.

Please note that this SolScanner is open-source software that is not affiliated with any specific project or organization. It is not subjected to high levels of scrutiny like other tools, and there is no assurance that it is safe from bugs and security vulnerabilities.

There is also a chance that SolScan could be utilized as a part of a bigger attack on a network. That is because this software can be used to scan for vulnerable devices, in case a hacker gains access to SolScan, they can easily use it to launch an attack on a network.

Despite all these risks, SolScanner can prove to be a useful tool for auditing smart contracts. When used together with other tools and strategies, it can assist in the identification of possible vulnerabilities to ensure that they are resolved before deployment.

The Bottom Line

Blockchain explorers are important tools for all users who wish to explore and use the blockchain. SolScan is proving to be a popular alternative to the official Solana explorer. It changes any complex transactional data into something easily readable.

SolScanner offers access to everything that is recorded on-chain, including smart contracts, crypto transactions, blocks, addresses, tokens, and more. It is free to use and needs no account. But, to enjoy enhanced functionality, you can set up an account and log in.

About the author

Wanguba Muriuki is an Editor at Large for E-Crypto News and author of the book- "The Exploitative Intrigues of Cryptocurrency Scams Explained." He is also a passionate creator who sees every aspect of life from a written perspective. He loves Blockchain, Cryptocurrency, Technology, and Traveling. He is a widely experienced creative and technical writer. Everything and everyone is describable. The best description is written.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

What Are E-stablecoins And How Do They Operate?
What Are E-Stablecoins And How Do They Operate?
August 11, 2022
How to Choose a Legit Crypto Casino?
August 5, 2022
Spend Crypto
5 Ways to Spend Crypto
August 2, 2022
What Is A DAO LLC?
What Is A DAO LLC?
August 2, 2022
Can Running A Lightning Node Earn You Passive Income?
Can Running A Lightning Node Earn You Passive Income?
July 5, 2022


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin22,836 0.04 % 2.43 % 4.65 %
Ethereum1,824.5 0.03 % 1.34 % 3.03 %
Tether1.001 0.05 % 0.02 % 0.08 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
BNB292.07 0.18 % 4.79 % 9.76 %
Binance USD1.001 0.04 % 0.04 % 0.09 %
XRP0.3634 0.25 % 2.91 % 4.63 %
Cardano0.4953 0.02 % 7.84 % 6.83 %
Solana42.12 0.56 % 2.22 % 3.81 %
Dogecoin0.07452 1.14 % 7.15 % 4.98 %

bitcoin
Bitcoin (BTC) $ 22,840.00
ethereum
Ethereum (ETH) $ 1,824.07
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 291.97
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.362663
cardano
Cardano (ADA) $ 0.494502
solana
Solana (SOL) $ 38.34
dogecoin
Dogecoin (DOGE) $ 0.074299