Years into the controversy around how to scale Bitcoin, there have been many challengers to Bitcoin core’s dominance. After XT, Classic and others have faded, Bitcoin Unlimited has been gaining traction and emerged as plausible new way forward.
Bitcoin Unlimited wants to make the block size a parameter that is set by miners and nodes, but not fixed at a network level. They argue a natural fee market would emerge, allowing Bitcoin to rapidly scale and realizing its promise of electronic cash as well as store of value. The project is also member-driven, with democratic decisions driving its development decisions.
Core developer G. Andrew Stone and Bitcoin Unlimited President Andrew Clifford joined us for the episode.
Topics covered in this episode:
How Stone and Clifford first got involved in Bitcoin
The history of the blocksize debate and Bitcoin core alternatives
Why the Bitcoin block size should be determined by miners not developers
The natural fee market that would arise controlling the size of Unlimited blocks
How the non-profit organization behind Bitcoin Unlimited works
How a transition to Bitcoin Unlimited could look like
Episode links:
Peter Rizun: How Bitcoin Unlimited deals with large blocks
Bitcoin Unlimited Website
G. Andrew Stone: Examining Effect of Single Transaction Blocks on Network
Peter Rizun: A Transaction Fee Market Exists Without a Block Size
Bitcoin Unlimited Member Forum
Bitcoin Network Hashrate Distribution
This episode is hosted by Brian Fabian Crain and Meher Roy. Show notes and listening options: epicenter.tv/166