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What is a Bitcoin Mempool?

The Bitcoin mempool, short for "memory pool," is a holding area for transactions waiting to be confirmed and added to the blockchain. It acts as a dynamic queue where transactions compete for inclusion in the next block, with miners prioritizing those offering higher fees. This article explains the mempool's role in Bitcoin's transaction process, its influence on fees and confirmation times, and its importance for the network.
What is a Bitcoin Mempool?
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Table of Contents

  1. What is the Mempool?
  2. How the Mempool Works
  3. Mempool Size, Fees, and Confirmation Times
  4. Viewing the Mempool and Bitcoin Nodes
  5. The Importance and Scalability of the Mempool
  6. The Future of the Mempool and Bitcoin Governance
  7. Conclusion

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