Bitcoin's blockchain size on 16 June was 488.9GB, falling well short of some of the earlier projections.
at the time of writing, there were concerns that the size would grow to the point where it would be difficult for new full node operators to store the copy of the ledger.
However, this skepticism has been put to rest. According to the on-chain analytics firm Glassnode, the blockchain size on 16 June was 488.9 GB with an average block size of 1.89 MB. This fell short of some of the earlier projections made of 525 GB and 500 GB.A full node of Bitcoin stores the complete blockchain ledger locally.
Digging deeper, it came to light that about 42 GB of data was added to the network since the beginning of 2023, marking an increase of more than 9% on a year-to-date basis and a significant 18% from last year. The current size of Bitcoin was between the projections of 2.35 MB and 1.35 MB blocks. According to Bitcoin explorer
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