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Add topic to 'Basics' section of Docs: "What is a Counterparty Block Explorer?" #21

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@davestaxcp

because of moving some topics to 'Advanced' as described here: #18

adding new pages to the 'Basics' side will be needed (and to explain these topics in a manner for new users or uneducated users will be important)

with this post and a few others I will post each new 'page' as a separate topic as not to cause walls and walls of text to read when reviewing:


also keep in mind I may add content or edit these before I push forward a PR


What is a Counterparty Block Explorer?

Similar to a Bitcoin block explorer, a Counterparty Block Explorer is an explorer specifically for information coded in the OP_Return function of Bitcoin transactions, which is what Counterparty transactions are.

How do I read a Counterparty Block Explorer?

The same way you look up addresses or transaction ID's on a BTC block explorer, those same addresses and transaction ID's will now show Counterparty info as well. Counterparty transaction information is all public just like the Bitcoin blockchain is.

Not all Bitcoin transactions are Counterparty transactions, but all Counterparty transactions are Bitcoin transactions.

Some explorers focus on specific assets like STAMPS, specific markets like Atomic Swaps or specific projects like Rare Pepe, though there are a few Counterparty Block Explorers that show a significant amount of Counterparty information.

What functions are visible on a Counterparty Block Explorer?

The functions that can be seen on Counterparty Block Explorers for Counterparty transactions can include:

  • Send and Receive History / Balance (BTC + all XCP Assets)
  • Multiple Address Types (Legacy, SegWit, Taproot)
  • Counterparty Asset Info (Named / Numeric / Subasset)
  • Counterparty Inscriptions (on-chain Taproot)
  • Counterparty Asset Supply (Locked, Divisible, Destroyed or Reset)
  • Asset Description + Lock Description Data
  • Memo Data within Transaction
  • Dividend Data
  • Sweep's Data + Debit / Credit Data
  • Broadcast Data within Transaction
  • Token Ownership of Asset Transfer Data
  • Counterparty Decentralized Exchange Orders (Any Pair - Open and Closed)
  • Open + Closed Dispensers (by Token or Hash)
  • Open Fairmints
  • XCP Asset's Attached/Detached to UTXO
  • Atomic Swap history with UTXOs (BTC/PSBT markets)
  • Sales Data in ETH / USD from Emblem Vault Markets

Should I only use one Counterparty Block Explorer to view Counterparty information?

Before taking action using any Counterparty function, it is very prudent to check data from multiple explorers and also very important know the extent of functionality for the Counterparty Wallet you would like to use.

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