Bitcoin Sets New Record: Block Size Reaches 3.97 MB!

Mon 04 Mar 2024 ▪ 3 min of reading ▪ by Mikaia A.
Getting informed Blockchain

Bitcoin is making headlines again. The past week has been full of twists regarding its price, and the blockchain itself has also seen remarkable developments. A new record has been set in terms of block size: 3.97 MB, amid a rush for registrations on Bitcoin Ordinals.

Bitcoin block factory

A technological feat: Bitcoin block size hits a record level of 3.97 MB

The excitement for registrations on Bitcoin Ordinals, launched by Casey Rodarmor, has shaken the ecosystem. Not only have these NFTs accompanying bitcoin transactions divided bitcoin developers and enthusiasts, but they have also had an impact on the blockchain itself. Many users are eagerly awaiting Luke Dashjr’s promise to accelerate the release of Bitcoin Core version 27, which is expected to mark the end of the Bitcoin Ordinals venture.

Bitcoin consolidates and reaches a record block size of 3.97 MB. The size of a bitcoin block has significantly increased, setting an all-time high of 3.97 MB. The largest transaction ever recorded on the Bitcoin network was included at the same time as this significant milestone in block size.

However, this news reported by CoinTurk may cause unrest in the community.

In fact, the Bitcoin blockchain has crossed a major milestone with a new record block size, reaching 3.97 MB. This remarkable achievement was made possible through Marathon’s Slipstream service, surpassing the previous record.

The significant increase in block size was fueled by a single transaction integrating a substantial image inscription related to the Runestone AirDrop. This marks a notable change in the Bitcoin blockchain landscape, which traditionally has a block size limit. While block sizes are typically around 1 MB, they can reach up to 100 MB in the Bitcoin SV (BSV) system.

This technological progression has sparked lively debate. Proponents see this increase as an opportunity to reduce transaction fees, speed up transactions, and enhance transaction capacity to compete with other payment systems. However, some experts are concerned about the implications for decentralization and network security, fearing possible centralization and a compromise in security.

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Mikaia A. avatar
Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.