Introducing the Openfabric Blockchain Explorer

The emergence of cryptocurrency and blockchain technology has created numerous possibilities in various sectors. Thus, people carry out cryptocurrency transactions every second in different industries.

Transactions carried out using traditional financial tools have severe limitations. These limitations make it harder for users to fully explore these tools. Hence, the problem that blockchain platforms aim to solve.

Many industries are turning to distributed ledger technologies for transactions including the government. Therefore, blockchain technology holds great potential and is revolutionizing the economy.

A strong reason why there is an increasing turn to blockchain is the security and transparency that comes with it. However, the right tool is necessary to achieve that aim. As such platforms that handle financial transactions online must have measures in place to make sure that there is transparency.

The blockchain explorer views transactions, blocks, and the operations done on-chain. In blockchain transactions, this tool is of immense importance, not having it is a problem.

Unfortunately, many blockchain platforms used for such transactions do not have the necessary tools to address this problem.
Let us look at the benefits of having security on a blockchain network and the role of Openfabric blockchain explorer towards ensuring this.

Benefits of transparency on blockchain networks

Earlier, we established that the Openfabric blockchain explorer tool is an effective solution towards tackling the problems associated with transparency on the blockchain network. These are some of the benefits of transparency on a blockchain network:

Monitoring and tracing of transactions

When users have access to their transaction data, they can effectively monitor their transactions. Hence, they can make better decisions regarding their finances and how to better manage them in their industries.

Builds trust among users

With the Openfabric blockchain explorer tool, users can be rest assured that their private data is safe. The tools also allow users to see their transactions and monitor them. Generally, these build trust amongst users.

Openfabric Blockchain Explorer in Blockchain Security

We are introducing a solution that will handle all the present and potential security risks associated with blockchain technology. A reliable team at Openfabric developed this tool and integrated it with entities to ease its use.
Openfabric blockchain explorer enhances the transparency of transactions on our layer 1 blockchain.

Why Openfabric Blockchain Explorer?

The Openfabric platform integrates various technologies needed for both industrial and day-to-day operations. With the number of blockchain transactions on the platform, our users face current and potential challenges.

To address these challenges, we introduced the blockchain explorer. Here are the perks of using the blockchain explorer.

• Easy access to data
• Ability to monitor and analyze transactions on the blockchain
• Improved security
• Better user experience
• Easy-to-use

Conclusion

Openfabric prioritizes their users and the experience they get. Experienced and new blockchain network users will have a better experience, as we focus on creating it. This includes providing security and privacy for your data.

Try out Openfabric Blockchain Explorer and visit the Openfabric website for more updates.

Congratulations on being part of the new era!