Bitcoin and
Blockchain
A Visual Guide to Understanding Blockchain Networks
Understanding
Blockchain
Key Concepts
Understanding blockchain technology is essential for navigating the future of finance,
enabling transparency and security in transactions while eliminating the need for a central
authority.
A network of nodes ensures no
single point of control or
failure, enhancing reliability
and independence.
DecentralizationAll transactions are recorded
on a public ledger, promoting
trust and accountability within
the system. Transparency Utilizing cryptographic
methods, blockchain
technology provides robust
protection against fraud and
unauthorized access. Security
Key Blockchain Metrics
1.9
Billion
Transactions per day
53 M
Block size (MB)
10 M
Hash rate (TH/s)
Blockchain Milestones This timeline highlights key milestones in the evolution of blockchain
technology, showcasing its significant development and impact on the digital
currency landscape.
First Bitcoin
transaction executed
2010
SegWit activation
initiated
2017
Genesis Block
created
2009
Decentralization,
security, and
transparency in
transactions
Blockchain is the
technology that
powers Bitcoin
Bitcoin is a
digital currency
used for
transactions
Bitcoin vs Blockchain
Understanding the difference between cryptocurrency and its underlying technology
Scalability Challenges
1.9
Billion
Transactions per year
53 M
Blocks mined annually
10 M
Daily energy consumption
Blockchain Impact Metrics
1.9
Billion
Transactions processed daily
53 M
Active blockchain wallets
10 M
Developers in blockchain
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