Blockchain Ethereum transaction - where to inspect and how to decrypt?

Anonymity when using cryptocurrencies is achieved not through hidden work, but due to the confidentiality of data on the parties to the transfer.

Everyone knows that anyone can look at the database of operations in the blockchain, but it’s impossible to guess who did the transfer and to whom. Only the users themselves can track their operations.

How can I track, check and see blockchain Ethereum transactions? On each translation, you can check the data at any time using special sites.

It does not matter whether it is an incoming operation or outgoing, if there is its number, you can easily see the detailed information about the transfer.

Blockchain Ethereum transaction - where to inspect and how to decrypt?

What is a transaction in the ethereum blockchain?

Live Translation is the sending of a signed data packet. It stores a message that is transmitted from one address (wallet) to another.

This is the recipient's data, a digital signature, the number of coins, an additional message, the maximum number of transaction computing operations and the amount of commission.

Our blog has a detailed article on Ethereum cryptocurrency. Learn more about it - mining, course, wallet and more.

In more detail with all these values ​​we will discuss below. Beginners should learn - cryptocurrencies are very different from other electronic money. There are no digital assets in the form of title signs or virtual money.

With transactions, only a new entry appears in the blockchain database. She indicates who is the owner of Ethereum.

Where to see the Ethereum blockchain?

There are lots of services through which you can view the Ethereum transaction database. They are called Blockchain Explorers, and among the most popular are:

  • ;
  • ;
  • ;
  • .

There is no difference between them; when using any site, you can see all the operations on the Ethereum network. We use the Etherscan system, there is no need to register, after going to the site, just enter TxHash in the search field:

Blockchain Ethereum transaction - where to inspect and how to decrypt?

You can also enter other information, for example, the address of the wallet. For each selected transaction details are provided:

Blockchain Ethereum transaction - where to inspect and how to decrypt?

Why do you need all this information? The reasons may be different, starting with checking the commission or rechecking the address of the recipient, ending with questions to the professionals. To help you, they will definitely need this information.

How to decrypt a transaction with the Ethers?

To a beginner who opens a page with information about the selected transaction, nothing is clear. All these fields contain different data, and so that you understand what they mean, let's analyze each of them:

  1. TxHash is the transaction number, exactly it keeps track of transfers in the blockchain.
  2. TxReceiptStatus - indicates the transaction (in our case, completed).
  3. BlockHeight is the number of the block where the transaction was included.
  4. TimeStamp is the block production time for a transaction.
  5. From - from where the Ethers are translated.
  6. To - where the Ethers are translated.
  7. Value - the number of coins in the transfer (the amount in dollars in brackets).
  8. GasLimit - the maximum amount of transaction fees.
  9. GasUsedByTxn - how much commission was taken for the operation.
  10. GasPrice - the cost of gas in Ethereum and gwei (1 billion gwei = 1 ETH).
  11. ActualTxCost / Fee is the actual commission for conducting a transaction.
  12. CumulativeGasUsed is the total amount of gas used to open a block.
  13. Nonce - the sequence number of the operation performed from the wallet.
  14. InputData - an additional message (optional).
  15. PrivateNote - hidden information (available only after authorization).

Now you’ll understand all transaction data and be able to double-check information. Please note that the operation chosen by us was carried out for more than a month. And all because the minimum amount of gas was chosen to pay the commission.

What is gas in Ethereum?

Unlike other cryptocurrencies, when transferring Aethers, the commission is charged in a separate currency, Gas. You do not need to buy it, it is automatically converted from ETH.

Commissions are minimal in the blockchain, so a separate unit was introduced. Measured in Gwei, this is the smallest fraction of Ethereum.

1 ETH = 1000 Finney = 1 million Szabo = 1 billion Gwei = 1 quintillion Wei.

When translating Ethers, you must specify the Gas limit and its cost. To calculate the amount of commission that the user is ready to give, you need to multiply the limit by the price.

For example, the Gas50 000 limit is set, and its cost is 20 Gwei. Thus, the commission will be 0. 001 ETH:

Blockchain Ethereum transaction - where to inspect and how to decrypt?

By specifying the "Limit" value, the maximum Gas volume is selected. When performing a transaction it can be used less.In this case, the "remnants" are credited back to the wallet in the Ethers.

Similarly, the commission is returned if the value is too small and there was no confirmation of the operation.

Making transactions in Ethereum is not difficult, and now you also know where to get detailed information on each operation. If you do not have a transfer ID, simply enter your wallet number and manually search for suitable entries.

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