{"id":8798,"date":"2022-09-30T05:12:18","date_gmt":"2022-09-30T05:12:18","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=8798"},"modified":"2022-09-30T05:12:18","modified_gmt":"2022-09-30T05:12:18","slug":"how-to-access-information-within-a-bitcoin-transaction","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/09\/30\/how-to-access-information-within-a-bitcoin-transaction\/","title":{"rendered":"How to access information within a bitcoin transaction"},"content":{"rendered":"\n<p>Block explorers offer the best way to access information within cryptocurrency transactions.&nbsp; Think of them like&nbsp; Google or Firefox&nbsp; but instead of providing results for websites, block explorers are used to browse crypto transactions, stored within a blockchain (you can learn more about that process from our article about bitcoin mining).<\/p>\n\n\n\n<p>Blockchain.com launched their\u00a0block explorer\u00a0in 2011. Like a search query your start point is either a transaction ID, address or a specific block<\/p>\n\n\n\n<p>For our example lets concentrate on a specific transaction. Let&#8217;s assume you have sent some Bitcoin and within your wallet you can see the confirmed transaction including the&nbsp;<strong><em>Transaction ID<\/em><\/strong>.<\/p>\n\n\n\n<p>If you copy that information &#8211; a bit like copying a url &#8211; you can then paste it into the\u00a0blockchain explorer.<\/p>\n\n\n\n<p>If you are technical enough to run your own Node (see this article on How to Run a Node) you won&#8217;t need to rely on a third-party service and can access this information directly.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/app.learncrypto.com\/file-manager\/KnowledgeBaseArticle\/Use\/BlockchainExplorer1.png\" alt=\"Bitcoin Blockchain Explorer\"\/><\/figure>\n\n\n\n<p>Transaction information is hierarchical, which is why there are three potential entry points for your search:<\/p>\n\n\n\n<ul><li><strong>A Block<\/strong>&nbsp;&#8211; This is a batch of transactions, including the associated addresses, grouped together. Each new block references the previous, so are sequentially numbered.<\/li><li><strong>An Address<\/strong>&nbsp;&#8211; An address is the destination of funds, think of it as the equivalent of bank account. All transactions are associated with addresses.<\/li><li><strong>A Transaction<\/strong>&nbsp;&#8211; A single instance of funds being sent to a specific Address<\/li><\/ul>\n\n\n\n<p>You can work down from blocks to explore the addresses that transactions were sent to, and the individual transactions themselves, or the other way around, working up from a transaction to see the address it was sent to and ultimately the block it was included in.<\/p>\n\n\n\n<p>As well as understanding that hierarchy, you&#8217;ll need to understand the specific logic of the flow of funds within the Bitcoin blockchain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Block explorers offer the best way to access information within cryptocurrency transactions.&nbsp; Think of them like&nbsp; Google or Firefox&nbsp; but instead of providing results for websites, block explorers are used to browse crypto transactions, stored within a blockchain (you can learn more about that process from our article about bitcoin mining). Blockchain.com launched their\u00a0block explorer\u00a0in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8798"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8798"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8798\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}