In the sphere of cryptocurrencies, Bitcoin as the first of its kind has definitely paved the way in terms of functionality, use and ultimately understanding.
One key part of the entire understanding of crypto operations is the way they generate and transfer the actual funds. In other words, Bitcoin mining and transaction mechanics are in the centre of our better understanding, and the creative team at Bitcoinfy has found the perfect way to achieve this.
The top 52 facts and stats on Bitcoin mining and transactions are combined on an interactive and pleasant layout pattern, subtly guiding readers through the informative points.
Bitcoin transactions are a crucial background operation, conducting a transfer of cryptofunds from one e-wallet to another one. Both wallets have a public key – an address that they share in order to complete the transaction, and a private – access key.
These transactions and their difficulty and performance differ across multiple cryptocurrencies. While Bitcoin and Bitcoin Cash adjust their transaction difficulty to maintain block generation each 600 seconds, Litecoin generates a new block in 150 seconds, while Ethereum’s dynamic is optimized to maximum, generating a new block every 12 seconds. These blocks store information about each transaction in a unique mutual link – blockchain.
You can find the infographic here: https://bitcoinfy.net/crypto-transactions-and-mining/