Adding memory pools
A memory pool, often referred to as a mempool, serves as a holding area for pending cryptocurrency transactions awaiting validation and inclusion in a block on a blockchain network. It stores unconfirmed transactions, acting as a temporary repository before miners select and verify them for block inclusion. Significantly impacting blockchain efficiency, the mempool plays a pivotal role in transaction processing and network performance. Its function involves validating transactions, ensuring they comply with network rules, and prioritizing them based on associated fees or other criteria. The mempool’s role in decentralized systems, such as Bitcoin, Ethereum, and various altcoins, enhances transaction throughput and responsiveness. Applications of mempools extend beyond basic transaction storage; they influence fee estimation algorithms, network scalability solutions, and transaction acceleration services, which are vital in optimizing blockchain operations...