What are crypto tools?
Crypto tools are different programs or websites that facilitate the use of cryptocurrencies and blockchain technology. Crypto tools have many opportunities and goals, such as securely sending and receiving money, obtaining data and insights, helping to build decentralized applications, facilitating monitoring trends… Some of the crypto tools you can use are mempool, defills, bitcoin explorer, and in today’s blog we will try to introduce you to the basic functions of these tools to make your journey in the world of cryptocurrencies easier for you.
Source: cointelegraph
Bitcoin explorer (blockchain.com)
Bitcoin explorer, is a key tool for exploring the depth and transparency of the Bitcoin blockchain. This explorer allows users to explore every transaction, block, and address within the Bitcoin network. Blockchain.com, it provides a comprehensive insight into the Bitcoin network. Users can track the journey of individual transactions, check the status of transaction confirmation, check the status of the address, and track the activity of miners, the overall speed of the network and much more. In addition to basic information, the explorer also provides a graphical representation of the entire block chain, monitoring of security and network activity. The usefulness of this tool extends beyond investors and traders. Developers, researchers, and enthusiasts often use Bitcoin Explorer to study network behavior, analyze transactions, and track various statistics. For example, analysts can track changes in activity over time, researchers can analyze the flow of Bitcoin between different addresses to detect specific trends, while developers can use these tools to track performance and discover the most active applications associated with the Bitcoin network. Ultimately, Bitcoin explorer enables transparency and blockchain records.
Source: cointelegraph
Defillama
DefiLlama is a decentralized analytics panel that monitors DeFi platforms and their decentralized applications, and uses TVL (Total Value Locked) to display information about which DeFi protocols are the largest and how they evolve over time. DefiLlama is one of the most basic and trusted web tools that allows you to learn more about DeFi protocols and blockchains, their growth and liquidity, so that you can make investment decisions based on real data. DefiLlama checks all data and is constantly developing new tools to help keep track of a lot of information. Some of the possibilities are:
- View the state of the DeFi network in real time, including price, market capitalization, number of transactions, average fee and wait time.
- Searching and analyzing individual blocks, transactions and addresses on different blockchains, such as Ethereum, Binance Smart Chain, Solana, Polygon…
- Tracking the history and statistics of DeFi networks and protocols, such as TVL, number of users, number of decentralized applications, number of tokens, etc.
- Comparing different DeFi protocols and categories, such as lending, exchange, derivatives, assets and others.
DefiLlama is a useful tool for anyone who is engaged in decentralized finance or are willing to learn and venture into the world of the same. Through this tool, you can get a lot of information about the status and functioning of decentralized networks and protocols, so that you can further verify your investment decisions with reliable data.
Source: cointelegraph
Coingecko or coinmarketcap
Coingecko and CoinMarketCap are indispensable tools in the world of cryptocurrencies, these sites provide deep insights and key information to everyone involved in cryptocurrencies. The sites are designed to provide a complete overview of thousands of different cryptocurrencies, including not only popular ones such as Bitcoin and Ethereum, but also those lesser known (over 10,000 cryptocurrencies). The main purpose of these pages is to display data from different sources and present users in the form of simple-to-understand charts. On Coingeck and CoinMarketCap, you can find information about cryptocurrency prices in real time, market capitalization, total trading volume, price changes over time, and more. In addition to basic data, these platforms offer detailed profiles of each cryptocurrency, its purpose, technological characteristics, the team behind the project and related resources such as white paper (Eng. white paper) and the official website. Why should we use this site? Well, access to the latest cryptocurrency prices and market information is crucial for investors, traders and anyone who follows this dynamic sector. These pages allow users to quickly track changes in the market and identify trends, which is of great importance for making informed decisions. Also, investors can use these platforms to explore different cryptocurrencies and gain a deeper understanding of their characteristics before deciding to invest. All these features make these platforms indispensable resources for anyone who wants to be well informed and successful in the world of cryptocurrencies.
Source: cointelegraph
Mempool
Mempool is a set of pending transactions pending confirmation in the Bitcoin network. Mempool.space is a website and application that allows visualization, research, and analysis of mempools and other aspects of the Bitcoin ecosystem. This tool offers a variety of options, such as:
- Real-time view of mempool status, including size, number of transactions, average fee, and wait time.
- View details about individual blocks and transactions, including height, timestamp, reward, fees, and number of transactions.
- Display mempool history and statistics on fees, receipts, weight and hashrate.
- View charts and tables on different indicators of the Bitcoin network, such as price, market capitalization, inflation, stocks and new coin emissions.
- Display information about different types of Bitcoin scripts, such as multisig, timelock and taproot.
- Display information about different types of Bitcoin protocols, such as BIPs, soft forks and hard forks.
Mempool.space is a useful tool for anyone who is dealing with Bitcoin or want to learn more about it. Through it we can find out a lot of information about the state and functioning of the Bitcoin network, as well as about ways to optimize our transactions. This tool is also an open project, as is Bitcoin, and is being developed and maintained for the benefit of the Bitcoin community.
Source: cointelegraph
Conclusion
In this blog, we talked about crypto tools, what they are, how to use them and what are their advantages. We mentioned some of the most popular and useful crypto tools that can help you better understand and monitor the state and functioning of crypto networks and protocols. These tools are useful for anyone who independently wants to deepen their knowledge of cryptocurrencies, or check the legitimacy of data on certain networks, that is, protocols. We hope you enjoyed reading today’s blog, and that you learned something new. We would like you to share your experience with crypto tools with us on our social networks (Twitter, Instagram), or to contact us if you have any other questions.
