- The Cardano Foundation announced the launch of a new Cardano open beta explorer. Apparently, this explorer will be the native explorer of the ecosystem.
- With this explorer, users can get more insights about the information on the Cardano network.
Blockchain explorers are a very important part of the crypto industry/ecosystem. Apparently, the Cardano Foundation is aware of this after they launched a new blockchain explorer for their ecosystem. They made the announcement on Twitter (now X), and the community members are happy about the new development. Let’s dive into what this new explorer is all about.
What Are Blockchain Explorers?
- Blockchain explorers are gateways or platforms to navigate and verify information on the blockchain. In other words, explorers serve as a place where crypto enthusiasts can get more insights about all the activities happening in a blockchain network.
- Information related to native tokens, stake pools, and smart contracts, amongst others, are dedicated to these explorers. So, in the same way, the Cardano Foundation launched its own native blockchain explorer.
Understanding the New Cardano Blockchain Explorer
- The new invention is an open beta phase of a new Cardano explorer provided by the developers of the ADA token. Note that this is not a fully-fledged blockchain explorer. It is still in the developmental stages of what will be the native primary explorer for the Cardano network.
- This new explorer will solve the needs of blockchain-native users and even non-blockchain users who want to get information. The explorer will provide users with all the information related to the Cardano network, such as staking, token information, and many others.
- However, there are still questions about is the new open beta explorer different from other existing explorers for the Cardano ecosystem? Note that before the creation of this new explorer, there were many other explorers dedicated to the ADA ecosystem. So what is the difference between this one and the other existing explorers?
Unique Features of The New Cardano Open Beta Explorer
- The most prominent difference between this explorer and the other existing one is that it is the native explorer of Cardano. Many separate firms not affiliated with the Cardano ecosystem might build explorers that show similar details of the Cardano blockchain. But this new open beta was directly built and affiliated with the developers of ADA. In other words, it is the native explorer.
- In the same way, some features make this explorer stand out from many others. One is the Staking Lifecycle. With this feature, users can easily access a visual illustration of core blockchain concepts. For instance, they can get illustrations of total staking activity on the Cardano network.
- Furthermore, another feature is the Compose Report. In fact, this feature is the biggest highlight of this new explorer. It provides an avenue for users to generate a downloadable report about the activity of either ADA stake addresses or stake pools. This feature is particularly important for auditors, supervisors, and end users. For example, users like this must detail the rewards received from delegated stakes or authenticate such information. But to get access to this feature, you must sign into the network either anonymously via a Cardano wallet or with an email log-in.
Target Audience for the New Blockchain Explorer?
- Generally, the new blockchain explorer for the Cardano network is open to all users. Anyone who wants to gain insights and information about the ADA ecosystem can easily use the Explorer. However, the Cardano Foundation has much bigger plans for the new explorer.
- The Cardano Foundation wants its target audience to be those that love Java. Apparently, the developers built the explorer using Java. So they want to attract and create a broad developer community more accustomed to languages such as Java. There’s a catch here too. Since this project is open source, the Java community can make contributions to the project while earning incentives.
- Moreover, there’s a support button in the Explorer where users can easily report bugs, make suggestions, or submit questions. Now there’s clarity on the target audience. Are there any competitors?
Potential Competitors/ Opportunities?
- Before this explorer, there were already other existing ones providing insights into the Cardano network.
- An excellent example of these competitors is the CardanoScan. It is a public blockchain explorer that provides insights into all the activities going on on the Cardano network. This explorer provides information on blocks, transactions, metadata, certificates, pools, assets, and more.
- Other examples of the new Cardano open beta explorer are the one Cexplorer.io provides and that of Blockchair.
- However, there’s a huge difference that will make the new Cardano explorer come out successful. It lies in support. The Cardano Foundation officially backs the new explorer. And as such, it is now the native explorer of the ecosystem. So the more than 4 million users on the Cardano network will get access to this explorer first before any other one.
Conclusion
Although it is long-awaited, the Cardano Foundation finally launched the open beta version of their native explorer. Their explorer seeks to provide insights and information on many things on the network. There are many unique features of this explorer, such as the Compose Report and Staking Lifecycle. Although this explorer has many competitors, the direct support it receives from the Cardano Foundation will help it stand out.
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Featured image from Cardano.org
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