I heard this term being used in a monero promo video I saw on Reddit but don't know what it means. Something to do with the size of the blocks maybe?

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The blocksize can automatically adjust over the course of time by the miners including more or less transactions than what has recently been the norm however they have to pay a penalty fee if they increase it by more than a certain distance from the median of recent blocks. I guess the idea is to let the market decide what the blocksize should be rather than have the kind of issues bitcoin is having right now.

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