BscScan is the forked version of Etherscan, which is an analytics tool designed to track all transactions and tokens for the Ethereum blockchain. BscScan is built specifically to monitor Binance Smart Chain or BNB Chain, which is also a fork of the Ethereum mainnet.
In this guide, we outline what BscScan is and how you can make the most of it as an investor to get an edge in investing on-chain.
- Track all BNB Chain DeFi & NFT Activity.
- Free-to-use tool for all on-chain investors and users.
- Largest and most trusted BNB Chain analytics platform.
What is BscScan?
BscScan is a blockchain explorer for the BNB Chain network. A blockchain explorer is a tool that allows users to explore and view information about transactions and blocks on a blockchain network. BscScan provides a user-friendly interface that allows users to view and search for information about transactions, addresses, and smart contracts on the BNB Chain network.
Users can also view real-time data on network activity, such as the number of transactions and the total value of assets transacted on the network. BscScan is a valuable tool for developers, traders, and other users who want to access and analyze data on BNB Chain.
How Do I Use BscScan?
BscScan is easy to use. Simply head to the website and enter a search term into the search bar. You can search for things like transaction ID, smart contract address, or token name. Once you find what you're looking for, you can click on it to view more details.
If you're a developer, then you'll find the tools and features on BscScan especially useful. The API Explorer, Token Tracker, and Event Logs make it easy to build applications on top of the Binance Smart Chain network. With the BscScan API, you can build any application that pulls data from the Binance blockchain like a price tracker, portfolio tracker and more.
Best BscScan Features for Traders
While the BscScan analytics platform is deeply feature-rich, there are a few go-to products that institutional Binance Smart Chain investors use to run on-chain analysis. The best and most useful features for investors on BscScan are:
BEP-20 Token Transfer Tracker
The BscScan BEP-20 token tracker is a live dashboard that shows all of the recorded transactions that have happened to various addresses on the network. It is a complete historical account of completed and pending transactions for every block record on the BSC network.
Largest BEP-20 Tokens
The Top BEP-20 Tokens dashboard is a complete list of all 2,703,879 Token Contracts that are live on the Binance Smart Chain network. You can use this feature to filter through and find various BEP-20 tokens, read their contract specifications and find contract-level information about their token supply, issuance and other critical information.
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BscScan NFTs
BscScan Non-Fungible Token Tracker (or ERC721) is the same as the BEP-20 tracker, but it is a list of all 44,514 NFT Contracts found on the Binance Smart Chain platform. This is a great way to find alpha on new NFT mints that are not yet public or are in their stealth development phase.
Validator Leaderboard
The BSC Validator Leaderboard tracks the main network validators of Binance Smart Chain and their voting power relative to others. This is the best way to monitor the decentralization of the network and if there is any underlying growth in the distribution of the validator-set.
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What is BUSD BscScan?
BUSD is a stablecoin that is pegged to the US Dollar. It is issued by Binance and backed by reserves. BUSD can be used to trade cryptocurrencies or to store value.
BUSD BscScan is a tool that allows you to track the price of BUSD in real-time. It also provides you with historical data, so you can see how the price of BUSD has changed over time. With BUSD BscScan, you can always stay up-to-date with the latest price movements of this important stablecoin.
You can find the official BUSD BscScan page here.
Is BscScan Safe?
Yes, BscScan is safe to use. The platform is developed and maintained by a team of experienced blockchain developers. Additionally, BscScan is free to use and available to everyone. The project was founded by the team behind Binance (BNB) and Binance Chain, so it safe to assume they will not allow critical bugs or hacks that would affect users.
BscScan API
The BscScan API allows developers to interact with the Binance blockchain. The BscScan API is easy to use and has transparent and audited docs. Simply head to the documentation page and follow the instructions. You can also find code samples and tutorials on how to use the API.
How Do I Contact BscScan?
If you need help or have any questions, then you can contact BscScan by emailing support@bscscan.com. A member of the team will usually get back to you within 24 hours. You can also find BscScan on Twitter and Telegram.
Final Thoughts
In summary, BscScan is a blockchain explorer for the Binance Smart Chain network that allows users to explore and view information about transactions, addresses, and smart contracts on the network. The platform provides a user-friendly interface and real-time data on network activity, making it a valuable tool for developers, traders, and other users who want to access and analyze data on Binance Smart Chain. BscScan is easy to use, and its tools and features are especially useful for developers building applications on the network and for traders looking for on-chain analysis.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
