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Transactions visualizer of Bitcoin [BTC] and Bitcoin Cash [BCH] made available by TXhighway

Arjun B

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Transactions visualizer of Bitcoin [BTC] and Bitcoin Cash [BCH] made available by TXhighway
Source: Pexels

Two Bitcoin Cash fans have created the website called TXhighway which is a Blockchain visualizer. The creators of the website wanted to find a simple way for normal users to visualize their transactions on both the chains while providing a comparison of the two competing chains of  Bitcoin [BTC] and Bitcoin Cash [BCH].

The developers of this website strongly feel that the Big Blocks of the Bitcoin Cash [BCH] can provide fast confirmations, extremely low fees and has on chain scalability which would allow Bitcoin to become the peer to peer digital currency. The developers are of the opinion that there are wide open highways with Bitcoin Cash when compared to the Gridlocks on the Bitcoin legacy.

The whole web-page of TXhighway is quite amusing. There are eight lanes of Bitcoin Cash which is 8MB in Block size, while the single lane is the Bitcoin legacy is the limited 1MB block size. Signings saying ‘NO2X’ which are blocking the second lane is known as the filed NYA Segwith 2x. The unfinished tracks are the future home of lightning which is under construction. It is the lightning network vaporware. The Commerce City has censored the Bitcoin road sign as a result of the censorship of public forums because of the less utility of Bitcoin.

The main function of TXhigway is the systemic top-down visualization of Bitcoin [BTC] and Bitcoin Cash [BCH] transaction activity to explore dynamically generated patterns of algorithmic behavior. Bitcoin is the most popular and largest cryptocurrency in terms of total market capitalization of around a whopping $143.4 Billion.



BTC is trading around $8,424.25. Bitcoin Cash is in the 4th position in the market with a total market capitalization of around $23.8 billion. BCH is priced around $1,390 with prices dropping at a percentage of 4.93% as seen at 10:40 AM UTC.

On TXhighway.com transactions are classified on the bases of their respective value of the transactions. The different transactions are being represented in the form of different vehicles. The classifications are given below:

  • Micro TX – Transaction which are above $10 and it is represented by a motorcycle.
  • Tiny TX – Transactions which are more than $10 to $1,000 and it is represented by a car.
  • Small TX – Transactions from $1,000 to $10,000 is represented by a bigger car.
  • Medium TX – Transactions from $10,000 to $100,000 is represented by an SUV.
  • Large TX – Transactions from $100,000 to $500,000 is represented by a small truck.
  • Extra Large TX – Transactions from $500,000 to $1,000,000 is represented by a larger truck.
  • Whale TX – Transactions more than $1,000,000 is represented with a large container truck.





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Arjun B worked as an intern at AMBCrypto. He holds no assets in cryptocurrencies.

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Bitcoin

Bitcoin [BTC] will be vulnerable to quantum computing if we’re not prepared, says Andrew Poelstra

Biraajmaan Tamuly

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Bitcoin will be vulnerable to Quantum Computing without preparation, indicates Blockstream Researcher
Source: Pixabay

Security is an important aspect of every crypto-asset and Bitcoin [BTC] is often dragged into debates on whether the blockchain is protected from hacks or vulnerable to certain technological developments.

In a recent episode of whatbitcoindid, Andrew Poelstra, the Lead Researcher at Blockstream, was asked about whether Quantum Computing was a genuine threat to the existence of some Bitcoin on the current blockchain.

Poelstra indicated that the threat was evident, but it was still a long way off from being practical in the current technological field. He mentioned that he expected quantum computing to come into play against the security of Bitcoin in “maybe less than 15 years” and said that he would be really surprised if “it was less than 25 years”.

Poelstra said that it was necessary to take actions in the current scenario for post-quantum systems because he believed that without any preparation for the impending technological aspect, it did not matter how the future rested. Without preparation, the community was going to be blindsided, he said.

He stated,



“It’s important now that we started working on standardization and exploring ideas and exploring what Bitcoin is going to look like in a post quantum world but in the current scenarios there were no candidates for post quantum schemes that would be reasonable to deploy them in a Bitcoin.”

The introduction of quantum computing in the cryptocurrency scenario was a topic which was widely debated among other personalities in the community as well. Mati Greenspan, a prominent eToro Analyst, had started earlier this year that the threat only existed to Bitcoin if quantum computing was available to only one person.

If people or users collectively upgraded to quantum computers, then the Bitcoin miners would upgrade among themselves to protect it from an alleged 99% attack, which is possible with a quantum computer.





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