Ethereum founder also praises! Blockchain visualization browser "TxStreet" takes you for a ride

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Ethereum founder also praises! Blockchain visualization browser "TxStreet" takes you for a ride

Bitcoin has been around for over a decade now. While the backbone technology, "blockchain," is not yet widespread, it is already well-known. However, due to its involvement in complex fields such as cryptography, the operation of Bitcoin and Ethereum still leaves many bewildered. Nevertheless, there is a blockchain browser that depicts the "real-time" transaction situation on the blockchain using buses as blocks and passengers as each transaction in a cute animation. Even the founder of Ethereum is fascinated by it.

Blockchain Visualization Browser "TxStreet"

TxStreet provides an interesting way to visualize on-chain transactions, supporting Bitcoin, Ethereum, and Bitcoin Cash. Its real-time data is similar to the popular animation "South Park". From left to right, you can see many small cartoon characters (each transaction) representing protocols like Tether, Uniswap, or Kyber.

When a new transaction from Tether is broadcasted on the chain, if the Gas Fee is high enough, the cartoon character (the transaction) can board the first bus (included in the block to be mined); if the Gas Fee is too low, it must wait in line, filling up each bus based on priority.

The "movement speed" of the cartoon characters represents the transaction's Gas Fee; the "size of the characters" represents the transaction's size.

Ethereum / Bitcoin Transaction Visualization (Source: TxStreet)

On the left side of the image is Ethereum, and on the right is Bitcoin. Each bus represents a block consisting of all "unconfirmed transactions", and the numbers on the bus include "block height", "average Gas Fee", "number of transactions", "block size", and other transaction information.

In theory, Ethereum's departure time (block time) should be every 15 seconds, while Bitcoin is every 10 minutes. Therefore, Ethereum should be forty times faster than BTC. In the image, even though Ethereum's network has been congested recently, it still processes transactions much faster than Bitcoin.

Inspired by "TxHighway"

In addition to the mentioned features, users can click on each bus to view the transaction list, total Gas Fee, block size, transaction hashes, and other related information. The blue text also links to mainstream block explorers like Etherscan and Blockchain.com for further details.

Block Information (Source: TxStreet)

Keen-eyed readers may notice that there is an additional "luggage car" behind the Bitcoin bus, which represents Bitcoin's scalability solution "Segregated Witness" or "SegWit".

This protocol segregates the "digital signature" of each transaction from other transaction data, allowing each 1MB Bitcoin block to accommodate more information, reducing Bitcoin's transaction fees and addressing its slow speed issues. It was proposed by Blockstream co-founder and core developer Pieter Wiulle in 2015.

Bitcoin's Segregated Witness (Source: TxStreet)

According to external sources, TxStreet is based on the early blockchain visualization browser "TxHighway". TxHighway was initially designed to promote Bitcoin Cash through animation, helping users understand the operational differences between Bitcoin and Bitcoin Cash on the chain. However, TxHighway is currently in a closed state.

In fact, Ethereum founder Vitalik Buterin also expressed his appreciation for this browser, stating on Twitter:

I actually quite love the Ethereum visualizer; it's both charming and heartwarming in thinking of Ethereum as a city.

Vitalik also reiterated his negative views on liquidity mining, believing that if Ethereum were likened to a city, although it is bustling (DeFi craze), there are still many unexplored corners waiting to be discovered.