Tx-Watch is a real-time Bitcoin (BTC) and Bitcoin Cash (BCH) transaction visualizer.
Tx-Watch listens to the networks for transactions and blocks in as they happen, then visualizes them as squares which pleasantly move across the screen. The larger the value of the transactions, the larger the square. See the legend for details.
If you watch for long enough (~5 minutes) you'll likely see a block, and several million dollar transactions go by!
Bitcoin Cash (BCH) has a larger possible block size, so the lane is represented slightly larger to represent the larger capacity.
On the Bitcoin (BTC) network each block is limited to 1MB in size. This is around enough room to confirm ~2,000 transactions. As such, when there's many transactions in the mempool, only a small fraction of them get confirmed in each block.
On the Bitcoin Cash (BCH) network each block is limited to 32MB in size. This is around enough room to confirm ~64,000 transactions. As such, when there's many transactions in the mempool, every transaction will be confirmed typically.
The blocktime on both BCH and BTC is one block every 10 minutes, on average.
There can be - and often are - times where multiple blocks are found in a 10 minute span, and others where no blocks are found over an hour.
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 (BTC) block is limited to ~1MB worth of transaction data, whereas BCH blocks can fit up to 32MB of data.
Once the block has been filled each transaction has to outbid the other transactions if they want to be confirmed. This leads to a fee economy and rapidly increasing miner/transaction fees until the network congestion clears.
The price of BTC is also much higher than BCH currently, which makes similar fees in satoshi amounts worth a lot more in fiat amounts.
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 and read.cash, which allow content creators to earn tips in low amounts.
Low value transactions done on Bitcoin (BTC) can be done on the Lightning or the Liquid network, and those transactions are not visualized here.
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