ProtocolScout Integrates Top Assets on Fantom Mainnet
Accounting on/around the blockchain is both simple and difficult.
Yes, the blockchain transactions are already recorded as a ledger, which means that it is relatively simple to read and process the entire blockchain since its genesis block.
But, it gets more difficult because:
- As an external accountant, you must sift through all transactions to identify just those relevant to your client;
- Given that account or user IDs are utilized across various blockchains, it’s important to retrieve data from multiple protocols;
- The creation of assets on blockchains is open to all, which has resulted in “countless” assets. However, the RPC “language” used to interact with blockchains does not provide a mechanism to retrieve a complete list of assets held in a particular account.
- Similarly, the blockchain’s native RPC “language” is not designed to deliver a complete list of assets present on a given blockchain.
The above are some of the reasons why we’ve been building tools around the blockchain to expand its functionality. Those curios about the underlying principles can review our series about the accounting duality of blockchain: Part 1 (transactions), Part 2 (wallets & balances) and Part 3 (assets & history).
ProtocolScout is the first tool in the category of blockchain explorers built specifically for CPAs and auditors.
Recently we have launched integration for the top 141 assets on the Fantom mainnet. Each time you submit a wallet address we attempt to retrieve balances for the top assets automatically so that you don’t have to request them separately, one by one. In this picture you can see “latest” block balances for “0x431e81E5dfB5A24541b5Ff8762bDEF3f32F96354” which held 15 assets at that time:
Follow this link to try out ProtocolScout and repeat the inquiry:
https://protocolscout.com/all/balances/0x431e81E5dfB5A24541b5Ff8762bDEF3f32F96354?networkId=8
Another powerful feature is our query with a date, hour and timezone. If you were in Los Angeles but your client closed their quarter in Berlin, you could add such accounting settings and obtain results similar to the following snapshot:
Btw, Los Angeles is ~11000 blocks on Fantom “after” Berlin so you should use timezones for best precision — please follow this link to try it:
