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BTC - Block Transaction Count
Description
The Bitcoin Block Transaction Count shows the average number of transactions per block, including the coinbase transaction.
Bitcoin's USD Market Price is included for reference.
Pseudocode
for each block in blockchain:
(x,y) := (block.time, blk_tx_count)
for each hour in blockchain:
hr_blk_tx_count := avg(blockchain[hr_start:hr_end].blk_tx_count)
(x,y) := (hour, hr_blk_tx_count)
for each day in blockchain:
day_blk_tx_count := avg(blockchain[day_start:day_end].blk_tx_count)
(x,y) := (day, day_blk_tx_count)
Technical Info
Block transaction count is a network activity indicator, and can be noisy. Using moving averages is recommended to reduce noise.
- Hourly and daily aggregations are derived from block data using average for this metric.
- Hourly data contains occasional gaps; no blocks were generated during these times.
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