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Transaction Mempool Meaning

A transaction mempool (short for memory pool) is the temporary holding area on a blockchain node where new transactions wait to be confirmed. When a user broadcasts a transaction, it is propagated across the network and each node validates its basic parameters-such as sufficient balance and correct signatures-before adding it to its local mempool.

Validators or miners then select transactions from their mempools, prioritising those with higher fees, to assemble the next block. Because each node maintains its own mempool, there is no single global queue; rather, a decentralised set of pools synchronise as nodes relay transactions.

Mempools also help manage network congestion: when the volume of new transactions exceeds block capacity, fees rise and transactions may linger in mempools longer. Once a block containing a transaction is appended to the chain, nodes remove that transaction from their mempools.

Understanding mempools is essential for estimating confirmation times and choosing appropriate fees, and the concept underscores how blockchain networks balance openness with finite throughput.

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Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

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