block & blockchain size

block & blockchain size explained

Building upon the elegant interweaving of incentivized mining for network security, confirmation of the data and transactions on the distributed ledger by the nodes, and the constant adjustment of the network difficulty by the protocol allowing for predictable block generation times, we start to get a picture of what is graphed above: the blockchain.

Showing Bitcoin’s entire history, graphed above is the average memory of each generated block per day (right axis), and the total size of the blockchain over time (left axis).