I am NOT a fan of Bitcoin, but...
Watch a real-time visualization of the global Bitcoin transaction flow, as it is happening right now:
https://dailyblockchain.github.io/
Each square is a bitcoin address (like a cryptographic public key)
Each graph component is a transaction. The components appear as transactions are broadcast into the bitcoin P2P network (but before they are verified and committed to the blockchain)
Each transaction simply transfers bitcoin: from one or more input addresses, to one or more output addresses. In other words, money flows from one or more previous owners, to one or more new owners. That's how a currency works
Coin ownership flows from green to red (yellow is in/out: I pay you and take some change back at the same address)
When the output of one transaction becomes an input for a new transaction, the components are pulled together
This illustrates how Bitcoin is used. What do you notice?
Watch a real-time visualization of the global Bitcoin transaction flow, as it is happening right now:
https://dailyblockchain.github.io/
Each square is a bitcoin address (like a cryptographic public key)
Each graph component is a transaction. The components appear as transactions are broadcast into the bitcoin P2P network (but before they are verified and committed to the blockchain)
Each transaction simply transfers bitcoin: from one or more input addresses, to one or more output addresses. In other words, money flows from one or more previous owners, to one or more new owners. That's how a currency works
Coin ownership flows from green to red (yellow is in/out: I pay you and take some change back at the same address)
When the output of one transaction becomes an input for a new transaction, the components are pulled together
This illustrates how Bitcoin is used. What do you notice?