ZachXBT criticizes block explorers on L1 chains, calls for overhaul
Crypto sleuth ZachXBT shared his frustrations in an X post on Sept. 5, discussing the poor quality of block explorers available for several layer-1 (L1) blockchains.
Responding to Arthur_0x, the founder of DeFiance Capital, ZachXBT categorized block explorers into tiers, highlighting the need to improve onchain transaction tracking on various L1s outside of Ethereum.
According to ZachXBT’s initial response, most explorers beyond the Ethereum ecosystem that he rates as “okay” require a “complete overhaul.”
Source: ZachXBT
Related: ZachXBT claims 21 North Korea crypto devs are making $500K a month
The good
ZachXBT acknowledged that Blockchair, Mempool and WalletExplorer for Bitcoin ( BTC ) were “acceptable,” rating them as “good block explorers” for transaction tracking.
When the community asked ZachXBT whether it would build a “multi-chain block explorer,” ZachXBT responded that it was “nice in theory,” but due to profitability, a lot of chains are “not worth building on.”
However, ZachXBT explained one such venture he would pursue in a further response.
“[The] only sort of analytics company I would ever consider building is private tools/data for compliance teams, LE, etc bc overall the crypto community is far too entitled to create products for in its current state.”
Related: Memecoin ‘mastermind’ Sahil likely made $3M from ‘Celeb meta’ — ZachXBT
The “okay”
ZachXBT rated the block explorers on Ethereum Virtual Machine (EVM)-compatible chains supported by OKLink, Solana’s Solscan, and Ripple’s Bithomp as “okay” but not optimal.
Solscan received a slightly more favorable take, attributed to it at least being able to “filter for most information nowadays,” while Tron “could be better” despite allowing basic filters.
“Ripple has Bithomp which has good attribution for services/exchanges.”
Source: ZachXBT
Related: ZachXBT criticizes Irene Zhao’s new memecoin amid past failures
The ugly
ZachXBT reserved the “bottom tier” for Cosmos, Bittensor, Hedera, Harmony, Algorand, Aptos and Sui, particularly describing Aptos and Sui as “not great.”
Source: ZachXBT
In an Aug. 12 X post , ZachXBT discussed Sui’s “nonexistent” block explorer, SuiVision, for specific failings, including “no way” to filter out spam transactions or “tokens, amounts, date/time, etc.”
He described SuiVision as “complete garbage” but did suggest there is “potential” if someone makes the “right updates” or “gives grants” to the right teams.
Magazine: Help! My parents are addicted to Pi Network crypto tapper
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hold BGB and Win Big: 10,000 BGB and Exclusive Luxury Prizes Await!
Ready to join the BGB wealth feast? Bitget is kicking off an extraordinary reward storm! To celebrate the launch of the BGB Holders Community, we’ve prepared 10,000 BGB and luxury prizes!
Notice on Delisting Postponement for GFT/USDT
On November 28, the Bitget team detected an abnormal surge in the on-chain issuance of GFT tokens. A large volume of these tokens was deposited into centralized exchanges and subsequently sold off. To minimize the impact of this anomaly on our users, Bitget has temporarily suspended GFT deposits an
What Will Happen in the Bitcoin Price in the Coming Days? Has the Peak Been Reached or Is There Still Room to Rise? Here are the Opinions of the Anal
What kind of price movements will Bitcoin, the world's largest cryptocurrency, experience in the coming days? Here are the opinions.
This Artificial Intelligence Robot Keeps 40.000 Dollars in His Wallet: It Will Send It All To Whoever Convinces It
In the cryptocurrency world, different applications continue to emerge every day. This time, an artificial intelligence robot is on the agenda.