Homework on Mempool - Questions

Blockchain and Bitcoin 101
#684
  1. A mempool is a list present on every node on the blockchain and they contain a list of all the unconfirmed transaction on the chain
  2. When the miners can not keep up with the rate of unconfirmed transactions in the mempool the time it takes to complete transactions increases because they miners are also limited by the time interval permitted creating new blocks
  3. As the mempool becomes larger, miners select the transactions with the highest fee offered as their priority to process. Therefore higher fees paid on a transaction increases in likelyhood of being processed.
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#685
  1. The mempool is on the ledger and contains all unconfirmed transactions.
  2. The questions asks, “can’t keep up”. Does this mean not interested in the fee as too low? or can’t keep up with the number of transactions? Either way, the mempool grows.
  3. As the mempool grows, fees increase and miners compete to add transactions to the blockchain.
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#686
  1. What is the mempool?

The mempool is where unconfirmed transactions that have been validated by its respective node await to be appended to the blockchain.

  1. What happens if the miners can’t keep up with the rate of the new transaction?

The transactions will be prioritized by satoshi per byte.

  1. How does a growing mempool effect transaction fees?

A growing mempool will increase transaction fees due to the limited size (1 Mb) of a block which leads to miners prioritizing transactions with higher fees relative to their memory.

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#687

  1. It is space that has each node for unconfirmed transactions.

  2. Mempool will grow.

  3. Transactions will be more expensive or more time consuming.

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#688
  1. The mempool is a data structure that every node has. In the mempool there are the transaction unconfirmed.
  2. The mempool grows and the time to confirm each transaction is longer.
  3. The fees grow up too.
#689

Its where the nodes store the recording of the unconfirmed transactions that the miners can incorporate into there next block.
2.
The mempool will grow bigger and the transactions with the highest fee will be prioritised becouse of supply and demand.
3.
The fees will go up becouse the mempool miners will be interested in the highest ROI on there block.

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#690
  1. A mempool is a pool in each node of transactions not yet confirmed on the blockchain.
  2. The mempool will get larger, and the cost of transactions will increase.
  3. A growing mempool incentivise miners to accept higher fee transactions.
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#691

  1. Mempool - it is a node’s collection of all the unconfirmed transactions. Than miners will pick them
    up(firstly ones with most expensive fees) to add them to the block.

  2. If Miners can’t keep up with the transactions to be pick up from Mampool to put them to the block this will result in delays of transaction times.

  3. This will result in the fee increase due to the competition to get transaction to the next block first. This way a larger fee attracts miners to pick up transaction first.

#692
  1. a data base of transaction that has not been added to the next block
  2. they will only add the highest fee/byte transactions to he block
  3. the more demand for transactions, and the less supply of miners confirming those, the higher the fees, and if there is few transaction demand, but high supply of miners, it will be cheap
#693

1. What is the mempool?
The mempool is a list of unconfirmed transactions

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

3. How does a growing mempool effect transaction fees?
Transactions with higher fees will get priority

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#694

  1. A pool of transactions waiting to be confirmed

  2. The mempool will increase and miners will prioritize transactions with high fees

  3. They usually increase

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#695
  1. Mempool is a pool of unconfirmed transactions waiting to be added to the next block
  2. The mempool will grow in amount of unconfirmed TX’s
    3.Miners want to work on higher sat/b TX’s so if you want a transaction to be mined it must be worth it for the miners.
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#696

  1. The mempool is the store of all unconfirmed transactions.

  2. Blocks take longer to produce and the mempool increases in size.

  3. The transaction fee rises.

#697

1/ Its a pool of unconfirmed transaction waitingto be confirmed and added to block
2/The mempool grows bigger and the transaction time are bigger . takes more time to proces
3/Higher the transaction fee faster transaction process. More transactions in mempool higher the fees

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#698

1.The mempool is the place wkere are stored the unconfirmed transactions
2. If the miners can’t keep up with the rate of the new transaction , the mempool size grows up , and the transaction confirmation times will be bigger
3.Miners pick up the greater fee transactions first. So in a growing mempool if you want that your transactions to be quickly confirmed , you have to put higher fees

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#699
  1. What is the mempool?
    Is the place where transactions hare sent to be confirmed
  2. What happens if the miners can’t keep up with the rate of the new transaction?
    It takes longer for the confirmation of the transactions
  3. How does a growing mempool effect transaction fees?
    Fees could rise. The higher the transaction fee or the less input and output can produce a quicker the confirmation of the transaction.
#700
  1. What is the mempool? A list of unconfirmed transactions waiting to be added to a block.
  2. What happens if the miners can’t keep up with the rate of the new transaction? As the transaction size increases in the mempool the wait times will increase - as every transaction can not be put into the current block.
  3. How does a growing mempool effect transaction fees? As the mempool grows the fees will typically move higher due to normal supply and demand game theory.
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#701

The transaction fees go up, not down.

#702

  1. Mempool is a data structure that each node has. Each node has a list of unconfirmed transactions.

  2. The Mempool grows and the time to confirm the transactions will be longer.

  3. The fees would be higher.

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#703

1:
The Mempool consist of all the TX that has not been confirmed.

2:
Slower TX time and higher fees

3:
Prices for TXs gets higher

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