[ Connecting... ]
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Tx/s | 1m
Tx/s | 1m
Real-time Bitcoin (BTC) and Bitcoin Cash (BCH) transaction visualizer.
Tx-Watch observers the bitcoin networks for activity in real time, then visualizes the various transaction types as they pleasantly float across the screen. Most transactions are simple payments, but we also visualize fusions, shuffles, tokens and more.
If you watch for long enough (~5 minutes) you'll likely see a block, and several million dollar transactions go by!
Keep an eye out for a...
Each block includes a maximum number of transactions, on BTC there is 1MB of capacity per block (~2,000 transactions), and on BCH there's 32MB (~64,000 transactions). As such, when the networks are congested each block can only confirm a small amount.
On BTC when the network gets congested, users can increase the transaction fees to entice miners to confirm their transactions faster, which can lead to high fees. Since BCH has a much higher capacity the fees increase much slower.
The blocktime on both BCH and BTC is, on average, one block every 10 minutes.
There can be - and often are - times where multiple blocks are found in a 10 minute span, and other times where no blocks are found over multiple hours.
This variance is due to the mining difficulty, total network hash-rate, and pure luck. All of which vary over time.
The number of transactions which fit into each bitcoin implementation blocks differ by network. On Bitcoin (BTC) each block can contain a maximum of ~1MB worth of transaction data whereas on Bitcoin Cash (BCH) each block can fit up to 32MB of data.
Once the block is full of transactions, each subsequent transaction has to outbid the earlier transactions if they want a miner to include it in a block. This leads to a fee market where users compete against other users transactions fees, which leads to rapidly increasing transaction fees until the network becomes too expensive to use and congestion clears.
This can take days, weeks, or months.
Due to the sub-cent transaction fees, Bitcoin Cash (BCH) is a great blockchain to build secondary solutions, tokens, and micro-payment systems on top of.
Some of these micro transactions are related to social media apps like memo.cash, noise.cash and read.cash, gaming sites such as blockchain.poker and other applications where cheap fees and micro-payments are important.
Low value transactions with Bitcoin (BTC) can be done on off-chain solutions - such as the Lightning Network - which this visualizer does not attempt to visualize.
If there's demand and available API's for more coins we will look into adding more coins. Let us know.
BTC & BCH Transaction / Block Data: Blockchain Socket API
Mempool and transaction fee data: Blockchair API
SLP Token Icons: slp-token-icons