The ckBTC dashboard contains various metrics and statistics to assist users. This article summarizes what these numbers indicate and how users can track their ckBTC/BTC transactions.
How users can track their ckBTC Transactions
When a user receives ckBTC either by minting new ckBTC with BTC, or by swapping another token for ckBTC, their are various methods available to track the status of the transaction.
ckBTC Total Supply
The ckBTC Total Supply graph visualizes the total supply of ckBTC tokens, which is the amount of ckBTC tokens that have been minted with BTC, minus the amount that have been burned.
Tracked Bitcoin UTXO's
UTXOs employ public key cryptography to ascertain and transfer ownership. More specifically, the recipient's public key is formatted into the UTXO, thereby limiting the capability to spend the UTXO to the account that can demonstrate ownership of the corresponding private key. A valid digital signature associated with the public key must be included for the UTXO to be spent.
Tracked Bitcoin UTXO graph displays value that is very close to the number of UTXOs on the Bitcoin network. Differences between this figure and the number of UTXOs on the Bitcoin network are explained by the slight lag of ingesting Bitcoin blocks as well as the UTXOs of unstable blocks, i.e., blocks that are not yet settled and can help resolve forks.
Synced Bitcoin Block Height
This displays the block height of the Bitcoin blockchain up to which the Bitcoin canister has synced. This usually lags the Bitcoin blockchain by only a few seconds, which is the time that it takes a mined Bitcoin block to propagate through the Bitcoin network, and to be ingested into the Internet Computer and processed by the Bitcoin canister.
ckBTC Transactions and Canisters
The ckBTC canisters and ckBTC transactions display all transactions involving ckBTC on the Internet Computer Network. These transactions are updated anytime a tracked event occurs. Events being tracked include Minting, Ledger, Index, Archive, KYT, Approvals, and Transfers of ckBTC.