Ethereum transaction lookup
And this is for both the main Ethereum network and the testnets, should you need that data. Data is divided into execution data and consensus data. The execution data refers to the transactions that have been executed in a specific block. The consensus data refers to the blocks themselves and the validators who proposed them.
Here's a summary of the types of data you can get from a block explorer. Execution data New blocks are added to Ethereum every 12 seconds unless a block proposer misses its turn , so a near-constant stream of data gets added to block explorers. This will help you understand network usage, submit safe transactions and not overspend on gas. Look out for APIs that can help you get this information into your product's interface. After all, its ecosystem contains some of the most widely used platforms, tokens and services in the industry.
In light of this, it makes a lot of sense to have a basic understanding of how to keep track of your Ethereum-based activities. Get to know your confirmation status On average, it usually takes anywhere from 15 seconds to five minutes to process ETH transactions, depending on the amount you pay as a transaction fee and network congestion at the time. Think of the mempool as a waiting room where pending transactions are queued.
Your transaction is completed once a validator enters the data into a block and subsequently adds the block to the blockchain. While this is a given, it is advisable to wait for six additional blocks to be mined and added on top of the block where your transaction was entered.
When this happens, your transaction is said to be finalized and irreversible.
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Your transaction is completed once a validator enters the data into a block and subsequently adds the block to the blockchain. While this is a given, it is advisable to wait for six additional blocks to be mined and added on top of the block where your transaction was entered. When this happens, your transaction is said to be finalized and irreversible. Remember that the blockchain is a chain of blocks containing transaction details.
In a situation where validators add two blocks to the chain at the exact same time, the blockchain will momentarily split into two. Going forward, the chain that subsequent validators add their newly created blocks to will eventually become valid, while the second block will become orphaned that is, not accepted into the main chain. Simply put, the longest chain is widely regarded as the main chain or the most valid chain. By checking the status of your transaction, you can determine whether your transaction is pending or successful.
You can also confirm the number of blocks that have been created since your transaction was added to the blockchain. Get to know the cost of transacting on Ethereum Ethereum participants must pay to use the network in order to transfer value and create or deploy a smart contract. However, unlike the fixed fee structure we are used to with conventional payment systems, the amount paid to process each transaction largely depends on the number of participants looking to execute transactions at any given time.
If the demand is high, expect the transaction fee to rise in cost. The opposite is the case when demand is low. That said, checking your transaction details helps keep track of the cost of using the Ethereum network. In addition to this, you can determine when your gas fee is not enough to trigger the confirmation process. This is paramount, knowing fully well that miners tend to prioritize transactions that will fetch them the highest reward. Now that you understand the importance of tracking ETH transactions, it is time to highlight the steps required.
How to track your Ethereum transactions Depending on the Ethereum-supported crypto wallet you are using, you should be able to access your transaction history. The function selector is 0xacbb. There are several known functions with this signature. In this case the contract source code has been uploaded to Etherscan, so we know the function is transfer address,uint The rest of the data is: fbadbcd9a37eaf2bac38d bf4 3 According to the ABI specifications, integer values such as addresses, which are byte integers appear in the ABI as byte words, padded with zeros in the front.
So we know that the to address is 4fbadbcd9a37eaf2bac38d Types of transactions On Ethereum there are a few different types of transactions: Regular transactions: a transaction from one account to another. Contract deployment transactions: a transaction without a 'to' address, where the data field is used for the contract code. Execution of a contract: a transaction that interacts with a deployed smart contract. In this case, 'to' address is the smart contract address. On gas As mentioned, transactions cost gas to execute.
Simple transfer transactions require units of Gas. Diagram adapted from Ethereum EVM illustrated Any gas not used in a transaction is refunded to the user account. Transaction lifecycle Once the transaction has been submitted the following happens: Once you send a transaction, cryptography generates a transaction hash: 0x97d99bca21b12ccd4ff1dffdff The transaction is then broadcast to the network and included in a pool with lots of other transactions.
A validator must pick your transaction and include it in a block in order to verify the transaction and consider it "successful". As time passes the block containing your transaction will be upgraded to "justified" then "finalized". These upgrades make it much more certain that your transaction was successful and will never be altered.
Once a block is "finalized" it could only ever be changed by an attack that would cost many billions of dollars.