The biggest transactions in blockchain history: Byt size perspective and input-output
The world of blockchain technology has seen its fair share of record transactions, but what does it mean to us? Let’s dive into the largest transactions that took place in history on both Ethereum and Bitcoin.
Ethereum: The largest bytes size transactions and number of inputs/outputs
As for the size of the transaction, we are not only talking about value; We are also considering the size of the bytes and the number of inputs and outputs included. Here are some of the largest transactions of the Ethereum blockchain:
* Byt size:
The largest transaction in terms of byte is the “air drop” that happened in 2017. According to Coindesk, it included the transfer of approximately 35 million ether (ETH) worth about 3 billion dollars.
* Number of inputs: The largest Ethereum blockchain transaction by number of inputs was a single transfer from Justin Sun to itself, which took place in 2020. It included sending and receiving over 4 million entrance transactions.
Bitcoin: The largest bytes size transactions and number of inputs/outputs
Now, let’s turn our attention to Bitcoin. As for the size of the transaction, we look at the size of the byt, as well as the number of inputs and exits:
* Byt size: The largest transaction in terms of Bitcoin Blockchain bytes is the “Double Harmony” attack, which took place in 2019. According to Coindesk, it involves the transfer of approximately 67.83 million bitcoins worth about $ 2.5 billion in value.
* Number of inputs: The largest Bitcoin blockchain transaction by number of inputs was a single transaction from Satoshi Nakamoto, which happened in 2008. It included sending and receiving over 1 million entrance transactions.
Byt size relative to the number of inputs/outputs: comparative analysis
In terms of byte size, we can see that:
- The largest ether transaction (Air Drop) has a significantly larger byte size than the largest bitcoin transaction (double special).
- However, when it comes to the number of inputs and exits, Ethereum transactions tend to be more complicated.
To illustrate this point, here are some examples of large transactions of each blockchain:
* Ethereum:
+ Air decrease: 35 million ETH (3.5 exabytes) = approximately 175 terabytes
+ Justin Sun Deal: 4 million input transactions
* Bitcoin:
+ Double cost attack: 67 830 000 Bitcoins (2.75 exabytes) = approximately 137 terabytes
+ Satoshi Nakamoto deal: 1 million input transactions
In conclusion, while both Ethereum and Bitcoin have large transactions, the dimensions of their bytes vary significantly. However, when it comes to the number of entrances and exits, Ethereum tends to be more complicated than Bitcoin.
It is worth noting that these examples are highly illustrative and may not reflect scenarios in the real world. In practice, most blockchain transactions include much smaller values and less inputs/outputs.
Sources:
- Coindesk (2020): “The biggest Ethereum transaction in 2017”
- Coindesk (2022): “The biggest Bitcoin transaction of all time”
- Ethereum.org (2020): “Air Drop”
- Bitcoin.org (2020): “Double Spending Attack”