Glossary

Blockchain Explorer

A search engine allowing users to view real-time data on blocks, transactions, and addresses on a blockchain.

What is Blockchain Explorer?

A search engine allowing users to view real-time data on blocks, transactions, and addresses on a blockchain. Because Lygos Finance loans are strictly non-custodial, borrowers can use any public blockchain explorer to independently verify that their Bitcoin DLC collateral remains safely locked on-chain.

Full Definition

Blockchain explorers function as the public ledger's window, letting anyone independently verify the status of a transaction, checking UTXO balances, or track network fees. They are essential tools for transparency, empowering individuals to audit financial movements without relying on a centralized bank's private database.

How Lygos Uses This

Because Lygos Finance loans are strictly non-custodial, borrowers can use any public blockchain explorer to independently verify that their Bitcoin DLC collateral remains safely locked on-chain.

Why this matters for borrowers

Understanding Blockchain Explorer helps you evaluate how different platforms handle your Bitcoin. Not all custody models are equal, and the technical details determine whether your BTC is truly safe.

Related Terms

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Borrow against your Bitcoin without giving up custody

Starting at 10% APR, $0 origination fees, and DLC-secured collateral on the Bitcoin blockchain.