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Infura, MyCrypto and MyEtherWallet they worked together to increase the security of blockchain transactions by introducing an additional level of transaction verification on Ethereum [ETH] blockchain.
According to a post on Medium by Kaven Choi, the function is called EthValidate and allows users of Etherscan, an Ethereum block explorer to validate any transaction, address and token balance on the Etherscan node with other nodes through the blockchain.
This function is an addon on the Etherscan interface accessible to anyone using the platform. By using any of the three Infura, MyCrypto or MyEtherWallet service providers, the user will be able to validate any Ethereum portfolio transaction or address.
Etherscan is not a portfolio service provider and is not affiliated with the Ethereum Foundation or any of the parties that support the EthValidate security function. It is mainly supported by a team of Ethereum enthusiasts.
Etherscan's function is to explore the Ethereum blockchain and report on the transactions that take place on the blockchain. It does not provide storage services for private keys and does not provide or control the transactions on the blockchain. It can only be used to explore the blockchain.
The EthValidate feature enhances Etherscan functionality by allowing users of the already popular Ethereum block explorer to check the validity of transactions and addresses for greater security to avoid being cheated of their funds.
The average post by Kaven Choi explains how to use the new function. On the transaction validation page, a user can click on the drop-down tab labeled "Tools and Utilities", then select the "Validate Transaction" option.
This should lead the user to a new page details the transaction details including yours hash (txhash), the status of the transaction (pending or confirmed) and other information related to the nodes that made the transaction.
Added functionality to The EthValidate function includes a set of robust API services that developers could use to validate transactions on their decentralized applications (dApps). Because the feature is released on beta, feedback is currently accepted on the GitHub platform to improve the functionality of the service.
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