Litecoin Block Explorer: Check The Status Of Your LTC Transactions

The latest Litecoin news show that a term named “Litecoin block explorer” is more and more present nowadays. As we can define it, a Litecoin block explorer is basically a tool that is available to people who want to check the status of their LTC transactions or track recently mined Litecoin blocks.

Now, there are a lot of Litecoin explorers available online. All of them provide valuable information about the Litecoin blockchain.

As you probably know if you are reading our Bitcoin and altcoin news, Litecoin (LTC) is a cryptocurrency that launched in 2011. The blockchain on which it is based is capable of handling higher transaction volumes than Bitcoin – and offers improved storage efficiency.

The only downside of the speed is the so-called “orphaned blocks” which occur when two miners produce blocks at similar times. Nonetheless, merchants that need transactions confirmed that they only need to wait 2.5 minutes with Litecoin – compared to 10 minutes with Bitcoin.

As such, the term Litecoin block explorer is gaining popularity as LTC is one of the most popular altcoins out there. Therefore, it is completely no surprise to see so many block explorers devoted to the cryptocurrency.
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If we go on to define it, a Litecoin block explorer is essentially a search engine for a blockchain. Through it, users can explore a wide variety of data such as the state of a transaction, transaction histories, balances of addresses, the hash rate of the blockchain and the rate of transaction growth.

The Litecoin block explorer exists, but there are other block explorers for other altcoins – and Bitcoin. What’s worth noting is that you cannot use such block explorer for a blockchain that was not created for. If you want to track Litecoin transactions, you need to use a specific Litecoin block explorer.

You can literally check the status of your LTC transactions including details of the payments and whether they were successful. Essentially, block explorers provide a live feed of all the blocks that are being added to the blockchain.

All in all, people who trade or mine Litecoin can benefit from a Litecoin block explorer as one of the most important tools to get to grips with. These explorers are also an important way of ensuring that cryptocurrencies remain transparent and accessible.