[{"category":{"name":"BitScreener Exclusive","exported_url":"bitscreener-exclusive"},"id":"55caf498-8f3e-4f66-86ca-7a7cb39a90cd","updated_at":"2024-06-14T16:18:10.602+00:00","account":{"firstName":"Marigold","lastName":"Vance"},"description":"Understanding BscScan and its features, along with discovering how users can get the best out of this powerful blockchain explorer","sapo":"Blockchain has affected the finance sector and decentralized applications in a very positive way. As more cryptocurrencies are developed, demand for effective solutions to interact with and monitor different blockchains rises.","title":"Master the Blockchain: A Comprehensive Guide to Using BscScan Effectively","content":"

Read also:

What is Blockchain Explorer?

BscScan_Blockchain Explorer

Blockchain Explorer is a helpful tool for investors, analysts, and anyone interested in cryptocurrencies. They can use Blockchain Explorer to recover any detail on a particular blockchain; transactions, addresses, tokens, etc.

In general, every blockchain discovery tool can only read a specific blockchain. For Ethereum, use Etherscan; for Avalanche, use Avascan; for Polygon, use PolygonScan; for Arbitrum, use Arbiscan.

What is BscScan?

BscScan is a leading blockchain explorer made by the Etherscan team. It helps analyze data on the Binance Smart Chain (BSC) and offers resources for investors.

A primary objective of BscScan is to enhance the transparency of the BSC blockchain as users can monitor all the data. Besides, BscScan integrates additional features to help users:

Look up your transaction history
Track the progress of your transactions
Monitor new blocks being added to the blockchain
View your cryptocurrency wallet balance and recent transactions.
Locate and engage with intelligent contracts on the BSC blockchain.
Research the token supply of a cryptocurrency

Explorers of Ethereum BscScan are quite similar to Explorers of other Blockchains. These Explorers help users to get updated in real-time on activity related to Blockchain such as transactions, blocks, tokens, etc.

How to use BscScan

Viewing transaction history

Step 1: Go to the BscScan website at bscscan.com.

Step 2: On the search bar at the top of the page, enter the ENS domain or wallet address you want to check and hit enter.

BscScan_Step 2_Enter the ENS domain or wallet address

BscScan can search its database and show you all the important information about a transaction, such as:

Transaction amount
Date
Block number
Balance
Transaction fee
Status (whether it's pending, successful, or failed)

This data will help you understand how the transaction is progressing and whether it was successful or not.

If you want to dig deeper, you can also look at specific details of the transaction like:

Sender address
Recipient address
Transaction hash (a unique identifier for the transaction)

BscScan_Specific details of the transaction

Viewing Smart Contracts

Step 1: Go to the BscScan website at bscscan.com.

Step 2: Click the “Blockchain” section on the toolbar and find “Verified Contracts”.

BscScan_Viewing smart contract

Step 3: Enter contract address: Enter the smart contract address you want to verify in the search box provided.

Step 4: Choose the compiler type and open-source license. Pick the compiler you used (like Solidity) and the open-source license you want (like MIT License).

Step 5: Paste contract code: Copy and paste the entire Solidity contract code into the field provided.

Step 6: Enable optimization (if applicable): If you enabled optimization when compiling the contract, select “Yes” in the Optimization drop-down menu.

Step 7: Confirmation: Initiate the contract verification process by clicking on the "Verify and Publish" button.

Step 8: Review outcomes: BscScan will juxtapose the code you've provided with the one operating on the BSC network, and then present the verification outcomes, indicating if the contract code aligns with the code you've submitted.

Token Tracking and Analysis

Step 1: Go to the BscScan website at bscscan.com.

Step 2: Find the “Tokens” section on the toolbar on the home page.

Step 3: Explore Top BEP-20 Tokens: See an overview of popular BEP-20 tokens, including price, trading volume, market capitalization, and number of holders.

BscScan_Top BEP-20 Tokens

Step 4: Search for specific tokens: Use the search bar to look up tokens by contract address or token symbol.

Step 5: View each token in detail: Click on each token to view detailed information such as contract address, list of holders, transaction history, and related smart contracts.

BscScan is not only for BEP-20 tokens but also supports ERC-721 and ERC-1155 tokens, allowing you to discover and track non-fungible tokens (NFTs) on the BSC network.

Calculate average Gas fees

Step 1: Go to the BscScan website at bscscan.com.

Step 2: Click the “Resources” section on the toolbar and find “Charts & Stats” to access statistical charts about the BSC network.

Calculate average Gas fees

Step 3: Identify “Average Gas Price Chart”: On the “Charts & Stats” page, search and click “Average Gas Price Chart”. This chart shows average gas prices over time, helping you understand common transaction fees on BSC.

Step 4: Chart Analysis: Observe the chart to determine the current average gas price. The chart also provides information on minimum, maximum, and gas prices for different priority levels.

Step 5: Choose the appropriate gas level: Based on the average gas price and transaction needs, you can choose the appropriate gas level. For example, to trade quickly, you can choose a higher gas level. However, please note that this will result in higher transaction fees.

Note:

Gas fees on BSC are usually relatively low. 1 gwei is equivalent to 0.000000001 BNB.
With an average gas price of around 5 gwei, sending tokens from one wallet to another costs less than 10 cents.
Raising gas higher than normal for faster transactions is usually not necessary on BSC because the network is rarely congested.
You should choose the gas level appropriate to your needs to optimize transaction costs.

Add MetaMask wallet to BscScan

You can easily connect your MetaMask wallet to BNB Chain right on BscScan itself. Follow these steps:

Step 1: Go to the BscScan website at bscscan.com.

Step 2: Scroll to the bottom of the page and find the “Add BSC Network” button.

Step 3: Click this button, MetaMask will automatically display a window asking to further confirm the BSC network.

Step 4: Review the information and approve adding the network.

Explore more crypto insights with our Bitscreener Exclusive

Stay updated with daily hot news on Trending News

","tags":[{"tag":{"tag":"BscScan","id_tag":"bscscan"}}],"image":{"fileName":"Unlocking the Power of BSCScan A Comprehensive Guide.png"}}]

Master the Blockchain: A Comprehensive Guide to Using BscScan Effectively

Related topics