Dear all,
Bitcoin Unlimited’s market-based solution to the block-size limit is slowly winning support from node operators and miners. With this increased attention, many people are asking for a better explanation of how Bitcoin Unlimited actually works. The article linked below describes how Bitcoin Unlimited’s excessive-block logic works from the perspective of a single node. (I’m hoping to do a follow-up article that describe how this “node-scale” behavior facilitates the emergence of a fluid and organic block size limit at the network scale.)
https://medium.com/@peter_r/the-excessive-block-gate-how-a-bitcoin-unlimited-node-deals-with-large-blocks-22a4a5c322d4
Best regards,
Peter R