The estimated size of the Ethereum’s complete block chain: a giga binary landscape
As the world’s largest cryptocurrency for market capitalization, Bitcoin has established a new reference point for scalability and storage requirements. However, its predecessor, the Ethereum block chain (ETH), is assuming an even more discouraging challenge: a huge 2140 GBS or data storage TBs to contain all its history.
In this article, we will immerse ourselves in the estimated size of the Ethereum’s complete block chain when all bitcoins are extracted and we will explore what that implies for data management, scalability and future development.
The Bitcoin block size: a fundamental factor
Before deepening the estimated Ethereum size, it is essential to understand the impact of block size in Bitcoin. The block size has been a controversial problem in cryptographic space since its inception. Initially, the size of the block was established in 1 MB, which led to slow -raised transaction times and high costs. In response, developers created new algorithms such as Lightning Network (LN) and Nakamoto software, which allowed faster and most cheaper transactions.
When all bitcoins are extracted, it is estimated that Ethereum will require a block size of around 2-3 GB per block, according to estimates of the main cryptographic analysts. This may seem modest compared to the current Bitcoin block size, but the large amount of transactions is amazing.
Estimated Ethereum size: a gigabyte binary landscape
To put this in perspective, here are some approximate estimates of the estimated size of Ethereum when all bitcoins are extracted:
- Approximately 2140 GBS or TBS (Gigabytes and Terabytes) of data storage
- This would require that around 5.4 million terabytes (TB) or 1.8 billion gigabytes (GB) maintain the entire block chain, assuming an average block size of 2-3 GB per block.
- To put this in perspective, that is equivalent to:
+ The storage capacity of approximately 10 million combined Google data centers
+ The data storage space required for around 200,000 Netflix transmission devices
+ A small city of the size of New York City or Los Angeles
Scalability and performance
The biggest storage requirement has significant implications for scalability and performance. With a larger block size, Ethereum can handle more transactions per second, which can lead to faster transaction times and greater adoption.
However, the increase in load also means that the network will require more energy to maintain its infrastructure. As the Ethereum community continues to grow, we can expect to see updates such as the stake (POS) test and the delegate stake test, which will further increase block sizes and potentially improve general scalability.
Conclusion
The estimated size of the Ethereum’s complete block chain when all bitcoins are extracted is an amazing 2140 GBS or TBS, which represents a huge amount of data storage. This requires significant advances in technology to maintain its infrastructure and support the growing number of users and transactions.
While we look to the future, it is clear that Ethereum will continue to evolve and adapt to meet the growing demands of the blockchain ecosystem. With continuous innovations such as the stake test (POS) and the delegate stake test (DPO), Ethereum is ready to become a more efficient and scalable platform for cryptocurrency transactions.
Update
From now on, the estimated size remains unchanged in 2140 GBS or TBS, but it is worth noting that there have been continuous discussions between developers on possible updates to increase block sizes. While these conversations are still in their early stages, they represent a significant step in the development of Ethereum and its ability to support an increasingly large user base.
Discharge of responsibility
Keep in mind that this article is only for informative purposes and should not be considered as investment advice.