Analyzing and exploring the Bitcoin blockchain doesn’t have to be boring.
It offers a unique view of the network, with a visual and easy to assimilate way.
How do we explain the abstract and give shape to what does not have it? That’s one of the big challenges that exist in the Bitcoin (BTC) ecosystem when trying to appeal to a wider, not-so-technical audience. However, some developments facilitate the task, such as, for example, a recently created tool to visualize the mempool, which has a mechanic similar to the famous computer game Tetris.
Twitter user mononautical presented in a forum to Bitfeed, your fun viewer for detail the activity of the Bitcoin network in real time. Through this tool, it shows how new transactions accumulate in the mempool before entering the blocks of the chain.
Whenever I do bitcoin transactions, I tend to mindlessly sit back and update a block explorer until they are confirmed. My goal with this project was to find something a little more attractive to watch while waiting for the next block.
Mononautical, developer of Bitfeed.
According to the CriptoNoticias glossary of terms, the mempool is a temporary memory where transactions pending confirmation are stored. Each node has its own list of pending transactions, so each one has its mempool.
Upon entering the Bitfeed viewer, the Bitcoin temporary space takes shape with thousands of transactions falling down at the bottom of the area, from user portfolios. There they accumulate waiting for miners to verify them and add them to the blockchain.
Through this simulation, viewers get a summary of how the blocks are represented, as well as real data on how many unconfirmed transactions and mined blocks are on the network.
Both in the mempool or waiting room, as in the blocks, each transaction is represented by a square which is sized according to its value, if that is the reading that viewers prefer. The tool also has the option of observing transactions according to size, measured in bytes. By placing the cursor on each square, you can see the details of each transaction.
According to the information provided by its developer, the simulation is updated in real time following the data issued by a local Bitcoin node. Based on it, it parses the raw block as well as the transaction data and forwards it to any connected clients.
Other ways to view the Bitcoin mempool
There are other alternatives that provide unique views of the network and transaction data in a visual and easy-to-digest way. Some of these even offer a sci-fi-style experience, taking viewers to another world. This is precisely the style of Symphony 2.0, the interactive 3D and real-time browser that CriptoNoticias reported on two years ago.
Is also Bitbonkers that shows bitcoin transactions as shiny balls falling from the sky and that vary in size and color according to their amount. With these tools, users can enjoy a sound experience.
It is also worth mentioning Mempool.space that shows the block statistics in an easily digestible way, also offering multiple details, including the average of the rates to consider at the time of making the transactions, among other statistics.