What Is BscScan and How to Use It? — Detailed Guide

The BNB Smart Chain (BSC) is one of the fastest-growing blockchain ecosystems today, with daily transactions reaching over 4.6 million in Q4 2023, marking a 30% quarter-over-quarter increase. Meanwhile, the number of unique addresses on BSC has already surpassed 485 million.

Staying on top of the chain’s massive activity can be overwhelming, especially for newcomers. One indispensable tool that effectively navigates and analyzes this dynamic ecosystem is BscScan.

In this guide, we’ll cover everything you need to know about BscScan—what it is, its features, and how to use it.

What Is BscScan?

BscScan is a blockchain explorer specifically designed for BNB Smart Chain, a blockchain platform known for its speed and low transaction costs. BscScan helps you find, track, and verify everything happening on the chain.

Its key features include:

• Transaction Tracking: Check the status and details of any transaction using its transaction hash.
• Smart Contract Interaction: View, verify, and analyze smart contracts.
• Wallet Insights: Monitor wallet balances and activities.
• Developer Tools: Leverage APIs, testnets, and charts for in-depth blockchain analysis.

BscScan is essential for anyone using BNB Smart Chain, including investors, developers, and even businesses accepting BNB payments. It offers transparency and helps you make data-driven decisions.

BscScan’s Main Features

The BscScan explorer is organized into several key sections, each serving a unique purpose:

Home

The homepage provides an overview of the latest activity on Binance Smart Chain, including recent blocks, transactions, and a search bar for quick lookups.

Blockchain

The Blockchain section allows users to explore on-chain data. Here, you can track the largest BNB holders, view completed and pending transactions, or check verified smart contracts for transparency and security.

Validators

Explore information about validators on the BSC network, including a leaderboard that ranks them based on their performance and voting power. You can also access detailed information about the current set of active validators.

Tokens

For token enthusiasts, the Tokens section offers insights into BEP-20 tokens and their activity. You can explore top tokens by market cap, monitor token transfers, and learn more about the overall token ecosystem.

NFTs

The NFTs menu is dedicated to non-fungible tokens (NFTs) on BSC. You can discover popular NFTs, track recent trades and transfers, and observe the newest NFT mints.

Resources

The Resources section provides charts, statistics, and tools for studying blockchain trends and performance.

Developers

Developers can explore the Developers section, which offers tools for verifying contracts, analyzing code, broadcasting transactions, and more. Whether you’re building applications or testing contracts, this section is designed to support your projects.

More

Finally, the More section offers additional features like managing token approvals, exporting data, decoding transaction input data, and tracking gas prices.

Common Ways to Use BscScan

BscScan is a must-have tool for anyone using the BNB Smart Chain. It makes it easy to find information about transactions, check wallet balances, and understand what’s happening on the network.

Searching for Transactions

If you want to find details about a specific transaction, BscScan makes it simple. All you need is the transaction hash (TxHash)—a unique code assigned to every transaction. Here’s a step-by-step guide:

1. Copy the TxHash or the wallet address related to the transaction.
2. Paste it into the search bar at the top of the BscScan homepage.
3. View detailed information, including transaction amount, status (success, pending, or failed), gas fees, timestamp, and block number.

If you don’t have the TxHash, you can search using the deposit/withdrawal address or even the block number.

How to find your wallet on BscScan?

BscScan also lets you check details about any wallet. This is a quick and easy way to track your balance and see all the tokens in your portfolio. Here’s how to find wallet information:

1. Enter your wallet address in the search bar.
2. Access your wallet balance in BNB and USD.
3. Check your token holdings and transaction history.

This is a quick way to monitor your crypto portfolio and interactions with decentralized applications (dApps).

BscScan Charts & Statistics

BscScan isn’t just for tracking transactions—it also provides tools to explore the BSC in more detail. For example, BscScan has many graphs and charts that show what’s happening on the chain. These charts are easy to access and give valuable insights into the network’s activity, growth, and costs.

You can find these tools in the “Charts & Statistics” section of BscScan.

Market Data

Charts for BNB’s daily price and market capitalization give users an overview of the token’s performance and market trends, helping investors plan ahead better.

Blockchain Data

A range of charts displays essential metrics, such as daily transactions, unique wallet addresses, gas prices, block size, and overall network activity. These insights showcase the network’s growth, usage patterns, and efficiency.

Network Data

Charts in this section focus on the network’s operational health, including pending transactions, total transaction fees, gas utilization, and the number of active nodes. These metrics highlight the efficiency and stability of the BNB Smart Chain.

Contracts Data

Smart contract activity is tracked with charts showing the number of verified contracts daily and the cumulative total of verified contracts. These figures reflect developer engagement and the growth of decentralized applications on BSC.

Verifying Smart Contracts on BscScan

Verifying a smart contract is a way to prove that a contract is secure. It lets users see the source code and ensures it matches the code deployed on the blockchain.

How to verify contract BscScan? Here are the steps:

1. Go to the “Developers” section and click “Verify Contract.”
2. Enter the smart contract address and choose the version of the code compiler used to create it.
3. Upload the source code and any extra details needed, like constructor arguments.
4. Submit the information, and BscScan will verify the contract.

Verification allows users to examine the contract’s code, giving them confidence in how it operates. It helps identify potential errors or vulnerabilities in the contract, ensuring users are protected from malicious code or scams.

BscScan Tools for Developers

BscScan is also a powerful tool for crypto developers. It offers features like APIs for accessing blockchain data and a testnet explorer where you can safely test your projects.

BscScan API

The BscScan API is a tool that lets developers connect their apps to BSC data. With it, you can get details about transactions, wallet balances, and token prices and even analyze how active the blockchain is.

Here are the most common use cases for this feature:

• Fetching Transaction Data: Retrieve details about specific transactions, including status, confirmations, and timestamps. 
• Monitoring Token Prices: Access real-time and historical data on token prices and market capitalizations.
• Building Blockchain Analytics Tools: Develop applications that analyze blockchain metrics, such as gas fees, block times, and network activity.

To use it, you must create a free account on BscScan and get an API key. Once you have it, you can follow the simple instructions in the API documentation to set it up.

Testnet Explorer

The BscScan Testnet Explorer is a safe space for developers to test their smart contracts and apps without risking real money. It works just like the main Binance Smart Chain but uses test tokens and doesn’t involve any real transactions.

Using the testnet, you can check if your smart contracts are working as planned, fix any bugs, and make sure everything is secure before launching on the main network. 

You can access the testnet at https://testnet.bscscan.com.

Conclusion

BscScan is an invaluable tool for anyone involved in the BSC ecosystem. Whether you’re tracking transactions, verifying smart contracts, or exploring blockchain data, BscScan empowers you to make informed decisions transparently and accurately.