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Crypto Analyst ZachXBT Criticizes Subpar Block Explorers on Layer-1 Chains

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By on September 5, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Crypto Analyst ZachXBT Criticizes Subpar Block Explorers on Layer-1 Chains appeared first on Coinpedia Fintech News

Several blockchains have seen the criticism of crypto analyst, ZachXBT urging layer-1 block explorers to improve. On Sept 5, ZachXBT classified Bitcoin’s Blockchain and Mempool as “good” but categorized Ethereum’s and Solana explorers as “okay. ” Cosmos, Hedera, and Aptos fall into the ‘bottom tier’ due to subpar tracking performance. ZachXBT denied the plan of creating a multi-chain explorer level for the sake of revenue generation and suggested private versions for compliance departments are valuable. This critique underlines the requirement for employing improved tracking methods on the chain through different kinds of blockchain networks.

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