The biggest transactions in Blockchain’s history: a byte and input and output size perspective
The Blockchain technology world has seen its fair part of record transactions, but what does that mean to us? Let’s dive into the biggest transactions that occurred in the history of Ethereum and Bitcoin.
Ethereum: the largest transactions by byte size and number of inputs/outputs
When it comes to transaction size, we are not just talking about value; We are also considering the size of the byte and the number of inputs and exits involved. Here are some of the biggest transactions of Blockchain Ethereum:
* Byte Size:
The largest transaction in terms of bytes size is the « air fall » that occurred in 2017. According to Coindesk, it involved the transfer of approximately 35 million ether (ETH) in the value of US $ 3 billion in value.
* Number of Inputs: The largest transaction in Blockchain Ethereum by number of inputs was a single Justin Sun transfer to himself, which occurred in 2020. It involved sending and receiving more than 4 million input transactions.
Bitcoin: The largest transactions by byte size and number of inputs/outputs
Now, let’s turn our attention to Bitcoin. When it comes to transaction size, we are analyzing the size of the bytes, as well as the number of inputs and exits:
* Byte Size: The largest transaction in terms of byte size in Bitcoin Blockchain is the « double expense » attack that occurred in 2019. According to Condesk, it involved the transfer of approximately 67.83 million value.
* Number of entries: The largest transaction in Bitcoin Blockchain by number of inputs was a single transaction of Satoshi Nakamoto to himself, which occurred in 2008. It involved the sending and receiving of more than 1 million input transactions.
BYTE VS. number of inputs/outputs: a comparative analysis
In terms of bytes size, we can see that:
- The largest ether transaction is a significantly larger bytes size than the largest bitcoin transaction (double spent).
- However, when it comes to the number of inputs and exits, Ethereum transactions tend to be more complex.
To illustrate this point, here are some examples of great transactions in each blockchain:
* Ethereum:
+ Air fall: 35 million eths (3.5 exabytes) = approximately 175 terabytes
+ Justin Sun transaction: 4 million input transactions
* Bitcoin:
+ Double spending attack: 67,830,000 bitcoins (2.75 Exabytes) = approximately 137 terabytes
+ Satoshi Nakamoto Transaction: 1 million input transactions
In conclusion, while Ethereum and Bitcoin have great transactions, their bytes sizes vary significantly. However, when it comes to the number of inputs and exits, Ethereum tends to be more complex than bitcoin.
It is worth noting that these examples are highly illustrative and may not reflect real -world scenarios. In practice, most blockchain transactions involve much lower values and less inputs/outputs.
Sources:
- Coindesk (2020): « Ethereum’s biggest transaction in 2017 » «
- Coindesk (2022): « The biggest Bitcoin transaction of all time »
- Ethereum.org (2020): « Air drug »
- Bitcoin.org (2020): « Double spending attack »
