I looked this up in a bunch of places, but didn’t find a good explanation. As a quick recap, Ethereum is a decentralized platform that runs smart contracts. I staked some Matic today and Etherscan did a number of transactions, finally landing on a transaction labeled ‘Buy Voucher’. Kovan only works with the Parity node, which means you're out of luck if you use Geth. To develop on Ethereum and use the Etherscan API, you first need to understand what Ethereum is. It is easy to register and also it is completely free to use. Etherscan is a blockchain search engine that can be used to track cryptocurrency transactions. A trusted site used to verify contracts is Etherscan.io. Sorry if this is common knowledge. Ether transaction. Users can register and create an account in Etherscan. Kovan was launched in March 2017 by the Parity team after Ropsten was attacked. Etherscan is not wallet service provider, it does not store people’s private keys and it has no control over the transactions that take place over the Ethereum network. What is the Rinkeby Testnet? Etherscan exists as an independent entity and is not funded by the Ethereum foundation. These tasks can then be automatically executed, based on the lines of code. Kovan. What can Etherscan be used for? Etherscan makes you able to check the status of your transaction, the amount of gas used, the number of block confirmations etc. Etherscan is a very useful resource for all ethereum network users to track transactions. It is also unable to troubleshoot transaction failures. One such feature is source code verification. These contracts are how tasks are completed on the Ethereum ecosystem. Among the largest Ethereum tokens by market cap are Augur’s REP and Golem’s GNT. What can Etherscan be used for? Users can register and create an account in Etherscan. Etherscan is a centralized database about the blockchain. Ropsten transactions can be inspected on Etherscan. Thank you for reading this post, I hope I have helped you understand what etherscan is….. leave your comments below and … Thier service includes many features that are beyond the raw transactions and blocks they observe. It can also provide data on wallets, smart contracts, and token sales among other things. A deployer optionally uploads codes for a deployed contract. Both projects are in development and have a combined market cap of about $450 million. Instead of mining with PoW, Kovan uses PoA as a consensus mechanism: Proof of Authority. For me, EtherScan is good for monitoring transfers of crypto currency | tokens. Etherscan is a useful tool for exploring the Ethereum blockchain. To see your transaction’s info, look up its hash on Etherscan. The Testnet is an alternative from the main blockchain, to be used for testing. 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