Average BTC block size reaches new ATH at over 2 MB Average BTC block size reaches new ATH at over 2 MB
Current data indicates that average Bitcoin block size surpassed 2.25 MB and continues to grow exponentially.
1 min read
Updated: Feb. 8, 2023 at 10:11 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Glassnode data analyzed by CryptoSlate shows that Bitcoin (BTC) average block size reached a new all-time high by reaching 2.25 megabytes (MB).
The chart above demonstrates the average block size of BTC since the beginning of 2022. A recent spike pushed the block size over 2 MB. The data indicates that the block size continues to grow at the time of writing.
Block size reflects the amount of data one block stores. A 1 MB size block has enough room to store over 2000 transactions.
Upon launch, BTC’s maximum block size was set at 1 MB. However, a planned hard fork was executed on the BTC blockchain in July 2019, which increased the block size to a maximum of 2 MB. This size can be stretched to grow up to 4 MB with SegWit.
Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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