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Tx-watch is a real-time Bitcoin (BTC) and Bitcoin Cash (BCH) transaction visualizer. With a few extra stats.
Each block has limited room for transactions. Bitcoin (BTC) has 1MB of capacity per block, Bitcoin Cash (BCH) has 32MB per block, Litecoin (LTC) 4MB, etc. If the mempool contains more transactions than can fit, then only a subset will be included. Usually the transactions which pay the highest network fees.
The block-time BTC and BCH is - on average - 10 minutes.
There are often periods where multiple blocks are found within a 10 minute span, and other times where no blocks are found over multiple hours.
This variance is caused by the mining difficulty, total network hash-rate, price of the coin, and luck. All of which over time.
When the mempool is full, transactions need to set a higher transaction fee so a miner includes the transaction into a block.
Once a block is full of transaction data, every subsequent transaction has to outbid the earlier transactions for the miners to include it in th next block. This leads to a fee market transactions compete against other transactions, which can lead to expensive transaction fees.
Once the network is no longer congested, the fee goes down, This can take hours, days, weeks, or months.
Due to the sub-cent transaction fees, Bitcoin Cash (BCH) enables the use of micro-payments.
The miner fee in satoshis multiplied by the current price.
All data is best effort to show usage, trends, and general interest. This app relies on free API‘s which may not always be stable. Especially when collecting long-running data. Not intended for scientific purposes.
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