Bitcoin Blockchain Transactions Visualization

Abstract

Blockchains were originally used to support the Bitcoin cryptocurrency and now entire software ecosystems are being supported by blockchains. Despite their widespread use, not much is known about how peers in the bitcoin blockchain network use the system. We present visualizations to help in identifying some patterns in the usage of bitcoin blockchain supported technologies. In this paper, we observe the bitcoin transaction continent-wise via a visualization of the locations from where peers in the bitcoin blockchain network were making their transactions, using WebGL technology. We analyzed regional bitcoin blockchain usage patterns by observing their clusters formation over time. We also presented a pattern of how the value of the bitcoin changes over time.