Crypto wallet service MyEtherWallet (MEW) on Tuesday 15 September launched an open-source blockchain explorer, EthVM.
The open-source blockchain explorer will theoretically allow developers to build their own interpretations of blockchain data. This is contrary to relying on closed-source solutions like Etherscan, according to Decrypt.
“We believe this will help us discover use cases and solutions that have not been addressed by blockchain explorers before,” the company said in a press release about EthVM.
MyEtherWallet said that in providing support to its wallet users, the team has realised that many user questions can be quickly and easily answered using a blockchain explorer. This is particularly true for questions that pertain to wallet balances and transaction status.
When the wallet interface shows unexpected balances, a block explorer can explain “what’s really going on,” it said.
MyEtherWallet began developing EthVM in 2019 and released a beta version on 24 August.
The open-source explorer will launch with user-friendly features. These include a unified list of Ethereum and ERC20 token transactions and tracking of unique non-fungible tokens.
Founded in 2015, MyEtherWallet is one of the first user-oriented wallet applications for the Ethereum blockchain. Since then, it has grown into a substantial resource within the Ethereum ecosystem.
MyEtherWallet saw 1.4 million visitors to its website last month.
It also provides services as Unstoppable Domains to sell .crypto domain names and DeFi lending services like Aave to let users access crypto loans and interest.