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Blockchain transaction query method

Aug 08, 2024 pm 12:25 PM
Blockchain Bitcoin cryptocurrency Ethereum Stablecoin usdt exchange Block explorer

Blockchain transactions can be queried through the block browser, command line interface or blockchain API to obtain information such as transaction hash, block height, sender and receiver addresses, amount, timestamp, fee and status to ensure Transparency, verifiability and tamper resistance of transactions.

Blockchain transaction query method

Blockchain transaction query method

Blockchain is a decentralized, distributed ledger technology used to record transactions and ensure their immutability and transparency. In order to verify transactions and obtain relevant information, the following methods can be used to query blockchain transactions:

1. Block Explorer

  • A block explorer is an online tool used to explore the blockchain and query transactions.
  • They allow users to enter a transaction hash, block height or address to get detailed information about a transaction.
  • Some popular block explorers include Etherscan, Blockchain.com, and Blockcypher.

2. Command Line Interface (CLI)

  • Some blockchains support querying through the command line.
  • Users can use blockchain-specific CLI tools such as geth for Ethereum or bitcoin-cli for Bitcoin to obtain transaction data.

3. Blockchain API

  • Many blockchains provide APIs that allow developers to query transactions and interact with the blockchain.
  • These APIs typically provide methods for retrieving transaction details, block data, and account balances.

Query transaction information

When querying a blockchain transaction using one of the above methods, you can access the following information:

  • Transaction Hash: The unique identifier of the transaction.
  • Block Height: Contains the block number of the transaction.
  • Sender address: The address where the transaction is initiated.
  • Receiver address: The address to receive transaction funds.
  • Amount: The amount of the transaction.
  • Timestamp: The time when the transaction occurred.
  • Fees: The fee required to process a transaction.
  • Status: The current status of the transaction (e.g. confirmed or pending).

Advantages

Using the blockchain transaction query method has the following advantages:

  • Transparency: Blockchain transactions are public and can be viewed by anyone at any time.
  • Verifiability: The transaction hash can be used to verify that the transaction has been included in the block.
  • Tamper-proof: Once a transaction is included in a block, it cannot be changed or deleted.

Tether Latest Quotes

Currently, Tether (USDT) is trading at $1.000659, with a 24-hour trading volume of $763 billion.

Latest Changes

The price of Tether fell by 0.03% in the past 24 hours. This small fluctuation may be due to investors reducing their exposure to cryptocurrencies recently.

Factors Affecting Price

Factors affecting Tether price movements include:

  • Demand for Stablecoins: USDT is the main stablecoin and is usually pegged to the value of the US dollar. Increased demand for stablecoins will push the price of USDT higher.
  • Regulatory Concerns: If regulators raise concerns about the stablecoin industry, it could cause investors to sell and cause prices to fall.

Future Price Forecast

In the short term, Tether price is expected to continue to fluctuate around $1.00. However, in the long term, as the cryptocurrency market matures, demand for it as a stablecoin is likely to increase, driving its price higher.

Advice

Investors should exercise caution as the cryptocurrency market is highly volatile. Only invest money that you are willing to lose.

Short-Term Trend Forecast

In the short term, Tether is expected to remain around $1.00, possibly rising or falling slightly, but not by much.

Indicator

  • Current price: 1.000659 USD
  • 24 hour trading volume: 763 billion USD
  • Circulation volume: 114551170628.49 USDT
  • Maximum supply: N/A
  • Total supply: 1145511 70628.49 USDT
  • Circulation market value : 1,146.3 billion US dollars

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