How Do I Track a Blockchain Transactions?
Tracking a blockchain transaction involves following the movement of funds between wallets on the blockchain. Here’s how:
- Use a Blockchain Explorer: Tools like Etherscan for Ethereum or Blockchain.com for Bitcoin allow you to search for transactions using a wallet address or transaction ID (TXID).
- Leverage Analytics Platforms: Advanced tools like Scorechain provide detailed insights, including risk scoring and wallet connections.
- Monitor in Real-Time: Stay updated on the status and progress of a transaction.
Scorechain simplifies transaction tracking with a user-friendly interface and multi-chain support.
Can You Be Tracked on the Blockchain?
Yes, blockchain activity is inherently transparent, making it possible to track transactions and wallet addresses. However, identities behind wallet addresses are typically pseudonymous unless linked through KYC (Know Your Customer) processes.
Scorechain enhances this transparency by:
✅ Identifying connections to high-risk or known illicit wallets.
✅ Providing insights into wallet activity and transaction history.
✅ Ensuring compliance with AML regulations.
How Do I Verify a Transaction on Blockchain?
Verifying a transaction on the blockchain is straightforward:
- Locate the Transaction ID (TXID): Obtain the unique identifier for the transaction.
- Use a Blockchain Explorer: Enter the TXID into a blockchain explorer to view details such as sender, receiver, amount, and confirmation status.
- Check Confirmations: Ensure the transaction has the required number of confirmations for it to be considered complete.
Scorechain’s tools allow businesses to verify transactions while assessing associated risks and compliance requirements.
What is a Blockchain Tracker?
A blockchain tracker is a tool or platform that monitors and analyzes blockchain transactions. These tools are used to:
✅ Trace the flow of funds between wallets.
✅ Monitor network activity and wallet behaviors.
✅ Detect and flag suspicious or high-risk transactions.
Why Scorechain?
Scorechain is a leading blockchain tracker that combines:
🚀 Multi-chain transaction monitoring.
🔍 Advanced risk scoring and compliance features.
📊 User-friendly dashboards for seamless analysis.
Why Choose Scorechain for Blockchain Transaction Tracking?
Scorechain offers the most advanced tools for tracking, analyzing, and verifying blockchain transactions. Key benefits include:
🚀 Comprehensive Analytics: Monitor transactions across major blockchains like Bitcoin, Ethereum, and Binance Smart Chain.
🔍 Real-Time Tracking: Stay updated on transaction progress and risk levels.
📊 Customizable Reports: Generate detailed reports for audits, compliance, or investigations.
💼 Compliance-Driven Tools: Ensure adherence to AML and KYC regulations.
🚀 Schedule a free demo with Scorechain to explore how our tools can revolutionize your blockchain tracking and compliance strategy.
Book your demo now!
