Categories: CryptoNews

Ethplorer Lets Everyone Publicly Track Ethereum-based Tokens

Having a new explorer to check things on a particular blockchain is always a welcome change. Ethplorer was recently released to the public, and it allows users to locate custom asset tokens created on the Ethereum blockchain. This means users can track tokens such as DAO, DGX, and others through this platform. Plus, there are some other features to take advantage of as well.

Ethplorer Is A Valuable Ethereum Token Search Tool

Over the past few months, several new custom assets have been issued on the Ethereum blockchain. However, there was no convenient way to check them all, and the

Ethplorer team decided to create a new solution to address this problem. With their new explorer platform, any custom asset token can be tracked with ease.

Unlike other blockchains, tokens issued on the Ethereum protocol are not visible on the blockchain itself. Instead, they are issued through smart contracts, making it a bit difficult to find relevant token information. Moreover, there is no third-party public viewer that operates independently. For Ethereum-based tokens, this is one hurdle that has to be overcome.



Ethplorer is here to address those problems, as it will display information about any token to the public. Instead of making this information available only to developers, everyone in the world will be able to see the exact details. All of this is made possible thanks to the

Related Post
EIP20 protocol being accepted by the Ethereum community.

This standard protocol will now be used for token creation and development. Unfortunately, some of the previously issued tokens did not use this standard, and some of the source code makes it difficult or retrieve their information correctly. These tokens will be supported by Ethplorer, albeit some additional functionality will need to be added.

Users will need to keep in mind that, despite Ethplorer displaying all of the information, there is no guarantee these details are correct. Some errors and miscues may occur, and they will need to be reported to the developers as soon as possible. Still, this is an exciting development for the Ethereum ecosystem and a tool that was direly needed.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

4 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

4 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

5 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

5 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

9 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

9 hours ago