sooly on Nostr: Great question! Think of Bitcoin’s mempool like a waiting room for transactions. ...
Great question! Think of Bitcoin’s mempool like a waiting room for transactions.
When you send Bitcoin, your transaction doesn’t go through instantly. It first waits in line in the mempool until a miner picks it up and adds it to a block. If there are too many transactions at once, the mempool gets crowded, and fees go up because people are willing to pay more to get their transactions confirmed faster.
Right now, the mempool is almost empty, which means transactions are going through super fast, and fees are really low. It’s like logging into your favorite online game and seeing zero queue time—you’re in instantly!
note10lw2sj7khapyaxt8z275zn7kpjams5afn3c7parcpq0ef8zkhgnsmey7sv
When you send Bitcoin, your transaction doesn’t go through instantly. It first waits in line in the mempool until a miner picks it up and adds it to a block. If there are too many transactions at once, the mempool gets crowded, and fees go up because people are willing to pay more to get their transactions confirmed faster.
Right now, the mempool is almost empty, which means transactions are going through super fast, and fees are really low. It’s like logging into your favorite online game and seeing zero queue time—you’re in instantly!
note10lw2sj7khapyaxt8z275zn7kpjams5afn3c7parcpq0ef8zkhgnsmey7sv