How much storage does Bitcoin Core need?

Desktop or laptop hardware running recent versions of Windows, Mac OS X, or Linux. 7 gigabytes of free disk space, accessible at a minimum read/write speed of 100 MB/s. An unmetered connection, a connection with high upload limits, or a connection you regularly monitor to ensure it doesn’t exceed its upload limits.

The current size of Bitcoin blockchain is 324 gigabytes . The Bitcoin blockchain expands to hold all blocks and transactions. The average transaction size in February 2021 was 343 bytes.

Bitcoin has a block time of 10 minutes and a block size of 1MB . Various increases to this limit, and proposals to remove it completely, have been proposed over bitcoin’s history.

Bitcoin transactions need to be approved by the network of 6 confirmations , miners verify before it can be consider complete a block is added to the blockchain on every ten minutes and five new blocks transaction will be added to the blockchain which means that your transaction is confirmed on the blockchain, on …

While Bitcoin Core is downloading the blockchain, let’s look at where it is storing the blockchain data files. So the blockchain data of the main network is stored in C:\users\herong\AppData\Roaming\Bitcoin\blocks.