Glossary - ChicksX

Mempool is a temporary storage area for unconfirmed cryptocurrency transactions waiting to be added to the blockchain.

Mempool is where pending cryptocurrency transactions reside before being confirmed and added to the blockchain. When a transaction is initiated, it enters the mempool of each network node. Miners select transactions from the mempool to include in the next block, often prioritizing those with higher fees. The size and processing time of the mempool can vary based on network activity. High congestion can lead to longer wait times and increased transaction fees. By monitoring the mempool, users can better understand current network conditions and optimize their transaction strategies for quicker confirmations.