What is Memory Pool (Mempool)? Blockchain - 005
Hi There, I'm Anni Maan.
I am working in an Investment as a Senior Software Developer. I am also running https://codiesalert.com where I provide quality courses on Blockchain and WEB3. I make Blockchain and Web3 Journey easy for Developers by sharing quality content.
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Have you ever wondered what happens after you click on send button? Allow me to explain the process. Once you click on send button, the transaction goes to the nearest miner. Miner validates your transaction and passes it to other miners. Other miners will do the same thing and within a couple of seconds, every miner in the Bitcoin network will have your transaction.
After validating the Transaction, the miner adds your transaction to the waiting room. This waiting room is called Mempool. Now your transaction is waiting for its turn to get included in the next Block.
Once your transaction is added in a Block and Block is successfully mined, Miner will remove your transaction from Memory Pool and your transaction is confirmed now.
Miner always picks transactions will High Fee first. If your transaction fee is low, it may take some time to get included in a Block.
I hope this article and video gave you some insights into Blockchain technology. If you have liked this article then do not forget to share it with your friends and connect with me on Twitter for quick updates on Blockchain and Web3 Technology.
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