If you use ETHereum for more than just HODLing or sending a few transactions, learning how to navigate the blockchain is hugely beneficial. Etherscan is one of the most popular options, so it's an excellent place to start learning the basics. You can use most of the features without having to connect your wallet or even opening an account.
If you’re wondering how to find token decimal on ETHerscan, you’re in for a treat as we’ll run through that alongside the most common ways to use Etherscan, and what you can do with the information you find.
What is ETHerscan?
ETHerscan is a block explorer that lets you view public data on transactions, smart contracts, addresses, and more on the Ethereum blockchain. All interactions on Ethereum are public, and Etherscan allows you to look through them like a search engine. You can use a transaction hash (transaction ID) to check all related activity, including tokens, smart contracts, and wallet addresses..
You don't need to sign up for ETHerscan, but you can create an account for extra functionality. For example, you can set alerts to be notified of incoming transactions, access developer tools, and create data feeds.
ETHerscan doesn't provide you with an Ethereum wallet to use or store any of your private keys. You also can't use it for trading. It only acts as a source of blockchain information and a database of smart contracts. To make transactions or store crypto, you'll need a crypto wallet such as Trust Wallet, MetaMask, Math Wallet, or Binance Chain Wallet.
Why should I use ETHerscan?
ETHerscan is one of the most trusted and popular block explorers for Ethereum. However, it’s more important to understand why you should use a block explorer like Etherscan to check on-chain information. Having more knowledge of how you interact with the blockchain can help you better understand what's going on with DApps and transactions. This knowledge can also keep you safe and help you spot suspicious blockchain activity.
For example, whale alerts let you know if large amounts of a cryptocurrency have been moved onto an exchange. While not always the case, this information might suggest a large sell-off. You can also see what the founders of a project are doing with their project's tokens. This can help you spot potential scams or rug pulls, where developers abandon their projects and sell their coins.
What is ETHerscan Used For?
Look up Transactions and Wallets
A basic feature of ETHerscan is tracking transactions. Understanding how to follow your cryptocurrency is a key to unlocking all the rest of a blockchain's information.
For example, imagine you’ve sent 0.025 ETHer (ETH) from your wallet to the following public address: 0x480bbcb368197d44c6f54a738e59c33eff004b6a and also paid a 0.001559212674537 ETH transaction fee on top. After making the transaction, your wallet displays this TXID: 0x80a3cc0f344651b3de745b2f1efbe8d35d4f348e95b345c8a840ebf955414fa5
Let's say you want to check the number of confirmations the transaction has and see if it has been sent successfully. You can simply copy the Transaction ID (TXID) and paste it into ETHerscan’s search engine to be presented with that information.
Look up Smart Contracts
If you're regularly interacting with smart contracts in DApps, it's a good idea to learn how to find them on ETHerscan. This way, you can double-check that you're sending your funds to the correct contract.
If you ever need to add a new token to your wallet, you'll have to find the token's contract address. The smart contract address contains the token's logic, such as how token transfers are made and other behavior. To find out a token address, you can head to CoinMarketCap, CoinGecko, or the project's official website. You can also check https://ETHerscan.io/tokens.
Check Gas Prices
Gas prices are part of ETHereum’s transaction fees. These fees change depending on the block that your transaction is included in. Each block has a set fee that differs depending on the network traffic. The gas tracker on Etherscan shows you the difference in price and time at varying gas prices. It’s a useful tool to predict roughly how congested the network is and how much you’d likely need to pay to send a simple transfer or interact with a more complicated smart contract.
Find Airdrops
ETHerscan also acts as a database for ongoing airdrops on the Ethereum network. Each airdrop will have its own rules to participate in that you can view in the [Details] column.
How to Find Token Decimal on ETHerscan
1. For token trading on ETHereum mainnet, you may go to Ethereum Blockchain Explorer that is Etherscan.
2. Insert and search the contract address of the token.
3. You will be able to see the “Decimals” of the token on the right hand side just below the contract address.
4. As for tokens traded on other blockchains, you may go to the respective blockchain explorer site to find out the contract decimals .
Closing Thoughts
ETHerscan is free and straightforward to use, and it's a great tool when you need more information than your wallet or exchange can show. For the most basic features, you can quickly learn to use them in a short amount of time, such as if you’re wondering how to find token decimal on Etherscan.
ETHerscan is also the basis for other block explorers like BscScan, making your skills easily transferable. Whether you want to confirm a transaction’s status or look at your favorite DApp’s smart contract, Etherscan is a good place to start.
