The first decentralized block explorer was today launched by the hybrid blockchain platform, QANplatform. LibreScan allows crypto holders to explore various blockchains—but all in private.
A block explorer is an online tool that tracks transactions made on a blockchain. It shows where digital money has been moved to and from as well as giving data on the network as a whole.
Popular block explorers include EtherScan, which tracks what happens on the Ethereum blockchain, and Blockchain.com’s, which tracks Bitcoin, Ethereum and Bitcoin Cash. But such products are centralized, which has led some to say they can be unreliable, or worse—misused to give false information.
What’s different about this one?
LibreScan is different as it is an open-source project that anyone can contribute to, and it has no central figure in charge.
“We need a quick and joint approach to eradicate the only real centralized point of failure threat to secure the accessibility and privacy of all actors in the crypto community,” Johann Polecsak, Co-Founder and CTO of QANplatform, said.
“As we have seen recently, one key gatekeeper’s failure could cause massive interruptions in the whole ecosystem. This is the reason why we would like to invite every key market player and individual programmer to the community-driven development to create the first truly free, open-source and self-hosted Decentralized Blockchain Explorer (DBE) called LibreScan.”
LibreScan is also self-hosted, meaning users can run the explorer on their PC, and no one else will have access to the data; wallet addresses will not be tracked and traced.
QANplatform—the blockchain platform promising big things
QANplatform, the platform behind it, is a project that allows developers and enterprises to build quantum-resistant smart contracts, DApps, DeFi solutions, NFTs, tokens and a metaverse on top of the QAN blockchain platform in any programming language.
Earlier this year it secured a $2.1 million funding round led by investors and angels such as Fairum Ventures, DeltaHub Capital, Insignius Capital, and BlackDragon.
QANplatform also launched a cloud deployment feature that allows developers to use the project’s private blockchain to major cloud platforms like Amazon AWS, Microsoft Azure, and Google Cloud Platform—in less than 5 minutes. This makes it quicker than installing other blockchains like Ethereum, Polkadot or Algorand.
It is the first blockchain platform to automate the deployment function to major cloud platforms, allowing developers to build quantum-resistant smart contracts, DApps, DeFi solutions and NFTs via the platform.
QANX, the utility token of QANplatform, was today trading for $0.096447, up 11.3% in the past 24 hours, according to CoinGecko data.