Homework on Mempool - Questions

[joelaery]

1. The Mempool consists of all unverified transactions that make sense to the Mempool.

2. There can be a longer average verification time, and/or higher transaction fees

3. Miners will choose which blockchains will yield them a higher fee, as they are incentivized by money, and have the ability to select which block they want.

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[Arantza]

1-Mempool is the “waiting room” for unconfirmed transactions waiting to be confirmed and taken by a miner to put it in a new block.
2- The mempool will grow and the transactions will take longer to be confirmed.
3- If the mempool grows there is competition to include transactions in the next block and the transaction fees increase, the miners choose the higher fees.

[Jay_Vanaparthy]

1. Number/pool of unspent transactions stored at each node that are waiting for Miners to pick up and put in the Blockchain.
2. Unspent transaction will be sent back to mempool if the Miners cannot add to block due to size or low fees.
3. Fees will increase as individual want their transactions to be confirmed/ put on blockchain. They want to incentivize the miners more.

[DAA]

1. What is the mempool? Mempool is a data-structure that each node has, like a list with all of the uncofirmed transactions that makes sense to a particular node, a transaction is not confirmed untill its being picked up by a miner.

2. What happens if the miners can’t keep up with the rate of the new transaction? the mempool will grow more and more.

3. How does a growing mempool effect transaction fees? The more tx are in the mempool the more work for the miners therefore more fees,

[Han5en]

1.) Its a list between the nodes with every transaction inside that is unconfirmed. You can also check difficulties there and how high the fee is to make a transaction within the next block.

2.) The transactions will take longer.(pending)

3.) With a growing mempool the fees will increase.

[brentstaple]

1. Mempool is the waiting area for unconfirmed transactions.
2. If the miners can’t keep up then the pool grows larger/longer transaction times.
3. Transaction fees get larger as competition grows to get transactions onto the next block.

[Madness666]

1. mempool is a list of unconfirmed transactions inside the nodes.

2. It will take more time for the transaction to get confirmed and added to the blockchain.

3. The fees will rise, so that the transaction with the highst fees will picked first to be added to the current block.

[hihaiu]

1. What is the mempool?
   List of all correct unconfirmed transactions
2. What happens if the miners can’t keep up with the rate of the new transaction?
   Mempool grows and transaction confirmation time will be longer.
3. How does a growing mempool effect transaction fees?
   Higher fee will ensure that transaction will be confirmed faster.

[Eri_Miyama]

1. Mempool is the pending list of transactions
2. it takes longer that transaction is confirmed and Mempool grows and fee gets higher
   3.transaction fee gets higher

[spoonage]

@ivan

1. What is the mempool?
2. What happens if the miners can’t keep up with the rate of the new transaction?
3. How does a growing mempool effect transaction fees?

1. The mempool is the list of all outstanding transactions
2. If the miners can’t keep up with the transaction rate the transaction times increase and the mempool grows.
3. Growing mempool means growing transaction fees.

[DocOzone]

1. What is the mempool?
A pool of unconfirmed transactions. All nodes have that lists unconfirmed transactions.

2. What happens if the miners can’t keep up with the rate of the new transaction?
The mempool would grow in size.

3. How does a growing mempool effect transaction fees?
The transaction fees will rise.

[Reno_Willemson]

@ivan

Homework on Mempool - Questions

1. What is the mempool?
2. What happens if the miners can’t keep up with the rate of the new transaction?
3. How does a growing mempool effect transaction fees?

1. It is a list with uncofirmed transactions that every node has.
2. Than the mempool will grow in size.
3. The fees will go up.

[Marzio]

1. Mempol is the place where unconfirmed transactions wait for a miner to pick them up
2. The mempool grows and tsx confirmation time will be bigger
   3.Fees go higher

[HRMS2021]

1. What is the mempool?
   Mempool - consist of all transactions waiting to be confirmed by the Bitcoin network.

2… What happens if the miners can’t keep up with the rate of the new transaction?
If miners can’t keep with the rate of transaction, the mempool will grow in size therefore charging higher fees, thus creating delays for the lesser smaller fees transaction.

3. How does a growing mempool effect transaction fees? The larger the mempool the higher the fees.

[Garber]

1. A mempool is a data structure that each node has.
2. If the miners can’t keep up the mempool get bigger and transaction times are longer.
3. Transaction fees increase.

[Pufferfish]

[quote=“ivan, post:1, topic:8438”]

• What is the mempool?
  Mempool is a list of unconfirmed transactions.
• What happens if the miners can’t keep up with the rate of the new transaction?
  The mempool and fees increase.
• How does a growing mempool effect transaction fees?
  The transaction fees go up.

[MikeThunderGod]

1. What is the mempool?
   • Location on network nodes where unconfirmed transactions are stored while they are being verified, propagated and processed in a new block.
2. What happens if the miners can’t keep up with the rate of the new transaction?
   • The mempool will grow in size and accumulate more unprocessed transactions that will be processed later when the network is less busy. Meanwhile the transaction processing time will takes longer.
3. How does a growing mempool affect transaction fees?
   • Transaction fees will rize for new transactions if their emitters want them to be processed before the other ones.

[btcjoa]

Transactions that are unconfirmed and not add to a block yet
The mempool increase
Smaller transactions will be choosed before larger ones

[Groyper]

1. The mempool is the stored list of all unconfirmed transactions on the blockchain network. It is stored by nodes and later on picked up by a miner.

2. The mempool will build up and transactions will take longer while miners skim the transactions with the highest satoshis per byte

3. It drives prices up

[abarbir]

1. The mempool is the space designated for the unconfirmed transactions that have not made it to the miner to confirm and place on the blockchain

2. If the miners can’t keep up with the rate of the new transaction, the mempool size increases to deal with the higher network traffic

3. Growing or larger mempool results in longer confirmation time and higher fees. more traffic-longer time-higher fees