Glassnode data analyzed by CryptoSlate shows that the average block size of Bitcoin (BTC) hit a new all-time high at 2.25 megabytes (MB).
Average BTC Block Size (Source: Glassnode)
The chart above shows the average block size of BTC since early 2022. A recent spike has pushed the block size to over 2MB. The data shows that the block size continues to increase at the time of writing.
The block size reflects the amount of data that a block stores. A 1MB block has enough space to store over 2000 transactions.
At launch, the maximum block size of BTC was set at 128MB. However, a planned hard fork was executed on the BTC blockchain in July 2019, increasing the block size to a maximum of 2 GB. This size can be expanded up to 4 GB with SegWit.
Posted in: Bitcoin, Analysis
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