PRESS RELEASE. LibreScan, one of many first multi-chain Decentralized Blockchain Explorers (DBE), is now obtainable for public use. Customers can anonymously self-host LibreScan for monitoring Ethereum, Binance Good Chain, or any EVM-compatible blockchains on their very own gadgets. The developer neighborhood is inspired to contribute to this open-source mission by connecting their most popular Layer 1 or Layer 2 blockchains to LibreScan.
The collapse of FTX serves as a compelling illustration of the crypto neighborhood’s dependence on centralized entities and instruments, together with centralized exchanges and blockchain explorers similar to Etherscan or BscScan. The sudden downfall of FTX, a high 10 centralized alternate, had a profound influence, affecting not solely over 1,000,000 registered customers who have been unable to entry their funds but in addition inflicting vital disruptions within the broader cryptocurrency market. This incident underscores the precarious nature of relying solely on centralized platforms for buying and selling and monitoring blockchain and cryptocurrency transactions.
The muse of blockchain expertise is decentralization. Sadly, the truth is that a lot of the crypto neighborhood depends on centralized companies like Etherscsan or BscScan. Blockchain explorers, whereas invaluable for monitoring transactions, are centralized factors of entry to blockchain knowledge. In accordance with web site analytics instrument Similarweb, the 2 most used centralized block explorers, Etherscan and BscScan, are within the high 7,000 visited web sites globally, with 22 Million whole month-to-month visits in August 2023.
Centralized blockchain explorers not solely monitor their customers, linking their wallets to IP addresses but in addition symbolize a important level of failure. Think about waking up sooner or later unable to entry these explorers to trace your blockchain knowledge. If a authorities have been ever to hunt to ban cryptocurrencies, they may successfully disable these companies, reducing off entry for as much as 99% of customers, as there can be no graphical consumer interface obtainable. The crypto neighborhood should rigorously weigh the trade-offs between comfort and decentralization to make sure the long-term resilience and safety of the ecosystem.
LibreScan presents an answer that allows customers to run their self-hosted blockchain explorers whereas sustaining anonymity. It additionally gives customers with 24/7 entry to a graphical blockchain explorer interface if main blockchain explorers turn out to be unavailable for any cause.
LibreScan is based by QANplatform, which has not too long ago launched the world’s first non-public blockchain that’s each quantum-resistant and suitable with Ethereum’s EVM, whereas additionally enabling builders to code good contracts in any programming language. The QAN Personal Blockchain explorer already makes use of LibreScan.
About LibreScan:
LibreScan is without doubt one of the first EVM-compatible self-hosted Decentralized Blockchain Explorers (DBE). It was based by QANplatform, constructed by the crypto neighborhood for the neighborhood. Builders can contribute to the open-source mission the place they will join any blockchain platform with LibreScan. Cryptocurrency customers will be capable of run their very own blockchain explorer on their very own system and all the time have safe entry to their blockchain explorer with out being tracked.
Web site: https://librescan.org
About QANplatform:
QANplatform is the quantum-resistant Layer 1 hybrid blockchain platform that may permit builders and enterprises to construct quantum-resistant good contracts and Web3 options on high of the QAN blockchain platform in any programming language. In February 2023, Alpine Esports, a Group Renault model, and inter alia within the Method 1® Esports Sequence, signed QANplatform as its Official Blockchain Associate to create sensible use instances. QANplatform was chosen for the EY (Ernst & Younger) International Startup Academy 2023 Program.
Web site: https://qanplatform.com
Twitter: https://twitter.com/QANplatform
Contact: press@qanplatform.com