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Understanding the Blockchain ledger

One of the beauties of Blockchain technology is that all transactions are public - it's an integral part of how the system works, and anyone with a working internet connection can view any and all transactions that have ever taken place on the network.

The Blockchain is an immutable ledger, meaning that once a block has been confirmed, it cannot be changed or reversed.

Locating a transaction on the blockchain

In order to locate a transaction on the Blockchain, you will need to have your wallet address, the number of coins you ordered (in BTC for example), and the time that you placed your order handy.

  1. Go to Blockchain.com/explorer and enter your wallet address in either of the search bars at the top of the page (marked in red):

    blockchain legder search.png

  2. After entering the wallet address, you'll be redirected to this page (key for numbered articles below):

    Blockchain legder marked 1-8.png

1. This is the wallet address that you entered

2. This is the wallet's current balance 

3. This is how many coins in total have been sent from and received to this specific wallet address

4. This is the transaction's ID/hash

5. This is the transaction's time and date stamp

6. If the transaction is outbound, then here you'll see the receiving wallet's public key (address). If the transaction is inbound, then here you should see either your wallet address or a list of wallet addresses that contain your address

7. This is the amount of coins transferred in the transaction - the red arrow on the left is for outbound transactions, the green arrow is for inbound transactions

8. Click on the transaction ID/hash to see the number of Blockchain confirmations that the transaction has

We're here to help if you have any questions!

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