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Mempool

  • A memory pool is simply a "waiting room" that holds the unconfirmed transactions.

  • One of the most prominent uses of the Mempool is to get pending transactions.

  • When a node receives a transaction, it will propagate the transaction to peer nodes until a farmer approves the transaction and adds it to a new block.

  • As the transaction move from mempool to the farmers, they are sorted and processed according to profitability.

1. Mem size​

  • It is the number of transactions in mempool to,that is to be processed.

  • A high mempool size indicates more network traffic which result in higher priority fees.

memsize

2. Mem fee​

  • It shows how much people paying for the transaction.

  • If mempool is not full, It will accept all transactions regardless of fees.

memfee

3. Min fee​

  • It is the minimum relay fee for the mempool when the mempool gets too big.

  • When mempool becomes full it will start rejecting or it will not accept any more transactions.

minfee

4. Addition​

  • It is the total number of mempool added to the queue.

  • After a new block added to the blockchain, all full nodes check out the coins that are spent and remove them from mempool.

addition