What is the Blockchain?
To understand blockchain and bitcoin visualizations, let’s first understand what is Blockchain?
The idea of money and currencies as flows in networks is not new. German sociologist Georg Simmel put forth similar ideas in his Philosophy of Money. With Bitcoin, we finally have a currency that not only links people (or: nodes) together in financial transactions, but the whole network is transparent.
Experts argue that the currency is just one of many applications that can be built on the Blockchain algorithm and database powering Bitcoin. This way of linking nodes can be used to weave authentication layers in all sorts of networked applications e.g. the Internet of Things.
The best Bitcoin and Blockchain visualizations
This combination of open and transparent data available through various interfaces or APIs in combination with a networked data structure should be a jackpot for data visualizers and information designers. So we took a look around to find the most impressive ways of visualizing the Bitcoin transaction flows. Some of the following blockchain visualizations even come with recipes.