Visualized: The Rise and Fall(s) of Bitcoin

by Adam Breckler 1 year ago Filed Under: Data

What is Bitcoin?

Bitcoin is a decentralized digital currency based on an open-source,peer-to-peer Internet protocol. It was introduced in 2009 by a pseudonymous developer, Satoshi Nakamoto. It has risen to widespread media attention very quickly recently, leaving everyone to wonder what it is — and how it works. These visualizations attempt to further explain the Bitcoin phenomenon in a visual way.

This short video explains the ins and outs of how Bitcoin works and how Bitcoins are mined.

A Visualization of the exchange rate, network power consumption, estimated money sent and coins in circulation for Bitcoin

This infographic explains, very concisely, how the Bitcoin ecosystem operates