The mean daily block size in megabytes (MB) for each coin. This allows the demand for blockspace to be visualized from 2017 to 2019. Notice how Bitcoin consistently churns out larger blocks as the demand for transaction space is high. Bitcoin Cash and Bitcoin SV show an inconsistent demand for blockspace over time.
From Coin Metric’s State of the Network: Issue 30 Newsletter released on December 17, 2019:
“A majority of BSV transactions are being used for data storage, and do not involve monetary transfers. At one point, over 90% of all BSV transactions were being initiated by WeatherSV, an app that records daily weather data onto the blockchain for a small fee. There is now another BSV app that is generating a large number of transactions: Preev, which allows users to write once-per-minute price updates for BTC-USD onto the BSV blockchain ledger.”
The maximum block size for each coin is:
Bitcoin: 1 MB
Bitcoin Cash: 8 MB
Bitcoin SV: 2 GB
Please note that Bitcoin’s block size often exceeds the 1 MB cap. This is because of a piece of code called Segregated Witness (SegWit). This functionality separates signatures from transaction data which lets larger blocks be created while still counting it as below the max cap.
Data source: Coin Metrics
Coin Metric’s Daily Mean Block Size:
The mean size (in bytes) of all blocks created that day.
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