What Is the ‘Mempool’ in Cryptocurrency?
The mempool (memory pool) is a waiting area for unconfirmed transactions. When a transaction is broadcast to the network, it sits in the mempool of various nodes until a miner selects it to include in a block.
Transactions with higher fees are typically prioritized by miners for inclusion from the mempool.
Glossar
Transactions
Recording ⎊ Transactions are the atomic units of value transfer or state change recorded immutably on the distributed ledger, forming the basis of all financial activity including derivatives settlement.
Miners
Validation ⎊ Miners, within the cryptocurrency ecosystem, represent network participants who compete to bundle pending transactions into blocks, subsequently adding these blocks to the blockchain through computationally intensive processes.
Mempool
Propagation ⎊ The mempool, within cryptocurrency networks, functions as a temporary holding area for unconfirmed transactions awaiting inclusion in a block.