Patricia de Vries is project coordinator of the MoneyLab project at the Institute of Network Cultures. Digifest asks the million dollar question “Will the dominant institutions adapt the block chain and crypto currency model?”
In an attempt to understand Bitcoin, IDEO has created a website that visualizes the transactions in real time as they appear on the network and get confirmed. On average, every 10 minutes new interactions are confirmed and get packaged into a block. They are now a permanent part of the growing list of transactions, called the block chain. The representation helps to understand the rhythm and magnitude of the network. How much bitcoin does each transaction represent? How frequently do they appear? Creating an intuitive, visual representations that brings the Bitcoin network to life.
(Via IDEO Futures)