Average BTC block size reaches new ATH at over 2 MB

Glassnode knowledge analyzed by CryptoSlate exhibits that Bitcoin (BTC) common block dimension reached a brand new all-time excessive by reaching 2.25 megabytes (MB).

BTC Mean Block Size (Source: Glassnode)
BTC Imply Block Dimension (Supply: Glassnode)

The chart above demonstrates the typical block dimension of BTC because the starting of 2022. A current spike pushed the block dimension over 2 MB. The info signifies that the block dimension continues to develop on the time of writing.

Block dimension displays the quantity of knowledge one block shops. A 1 MB dimension block has sufficient room to retailer over 2000 transactions.

Upon launch, BTC’s most block dimension was set at 128 MB. Nonetheless, a deliberate onerous fork was executed on the BTC blockchain in July 2019, which increased the block dimension to a most of two GB. This dimension could be stretched to develop as much as 4 GB with SegWit.

The put up Average BTC block size reaches new ATH at over 2 MB appeared first on CryptoSlate.

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