LibreScan, one of the first multi-chain Decentralized Blockchain Explorers (DBE), is now available for public use.
Users can anonymously self-host LibreScan for tracking Ethereum, Binance Smart Chain, or any EVM-compatible blockchains on their own devices. The developer community is encouraged to contribute to this open-source project by connecting their preferred Layer 1 or Layer 2 blockchains to LibreScan.
The collapse of FTX serves as a compelling illustration of the crypto community’s dependence on centralized entities and tools, including centralized exchanges and blockchain explorers such as Etherscan or BscScan. The sudden downfall of FTX, a top 10 centralized exchange, had a profound impact, affecting not only over a million registered users who were unable to access their funds but also causing significant disruptions in the broader cryptocurrency market.
This incident underscores the precarious nature of relying solely on centralized platforms for trading and tracking blockchain and cryptocurrency transactions.
The foundation of blockchain technology is decentralization. Unfortunately, the reality is that most of the crypto community relies on centralized services like Etherscsan or BscScan. Blockchain explorers, while invaluable for monitoring transactions, are centralized points of access to blockchain data.
According to website analytics tool Similarweb, the two most used centralized block explorers, Etherscan and BscScan, are in the top 7,000 visited websites globally, with 22 Million total monthly visits in August 2023.
Centralized blockchain explorers not only monitor their users, linking their wallets to IP addresses but also represent a critical point of failure. Imagine waking up one day unable to access these explorers to track your blockchain data. If a government were ever to seek to prohibit cryptocurrencies, they could effectively disable these services, cutting off access for up to 99% of users, as there would be no graphical user interface available.
The crypto community must carefully weigh the trade-offs between convenience and decentralization to ensure the long-term resilience and security of the ecosystem.
LibreScan offers a solution that enables users to run their self-hosted blockchain explorers while maintaining anonymity. It also provides users with 24/7 access to a graphical blockchain explorer interface if major blockchain explorers become unavailable for any reason.
LibreScan is founded by QANplatform, which has recently launched the world’s first private blockchain that is both quantum-resistant and compatible with Ethereum’s EVM, while also enabling developers to code smart contracts in any programming language. The QAN Private Blockchain explorer already uses LibreScan.
About LibreScan
LibreScan is one of the first EVM-compatible self-hosted Decentralized Blockchain Explorers (DBE). It was founded by QANplatform, built by the crypto community for the community. Developers can contribute to the open-source project where they can connect any blockchain platform with LibreScan. Cryptocurrency users will be able to run their own blockchain explorer on their own device and always have secure access to their blockchain explorer without being tracked.
Website
About QANplatform
QANplatform is the quantum-resistant Layer 1 hybrid blockchain platform that will allow developers and enterprises to build quantum-resistant smart contracts and Web3 solutions on top of the QAN blockchain platform in any programming language. In February 2023, Alpine Esports, a Group Renault brand, and inter alia in the Formula 1® Esports Series, signed QANplatform as its Official Blockchain Partner to create practical use cases. QANplatform was selected for the EY (Ernst & Young) Global Startup Academy 2023 Program.
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This post was sourced from BeInCrypto
