What is commonly tracked using a blockchain explorer?

A blockchain explorer is a tool that allows users to view and analyze transactions and blocks recorded on a blockchain. The primary function of such explorers is to provide transparency and accessibility to the historical data associated with blockchain transactions. This includes detailed information about individual transactions, the amount of cryptocurrency involved, the sending and receiving addresses, transaction times, and the status of transactions (whether they are confirmed or pending).

The historical data of blocks is also available, showing how many transactions are included, block sizes, and timestamps. This information is crucial for users who want to verify transaction details or explore the overall activity on a blockchain. By accessing this data, anyone can track transaction histories, understand the flow of assets, and gain insights into the blockchain's usage.

While market capitalization, trends in mining difficulty, and projected price movements are valuable aspects of cryptocurrency trading and analysis, they are not the primary functionalities of a blockchain explorer, which is focused specifically on tracking data that is recorded within the blockchain itself.