– Andreas Antonopoulos has spoken on transactions in the ‘mempool’.
– Antonopoulos says that all the unique nodes have their own ‘reservoir’ where they put transactions that are waiting on confirmation.
In a recent question and answer session, one of the most prominent members of the crypto space, Andreas Antonopoulos has spoken on transactions in the ‘mempool’ and how transactions that don’t get the green light end up getting lost in the queue.
Antonopoulos added that all the unique nodes have their own ‘reservoir’ where they put transactions that are waiting on confirmation. This is to help keep track of transactions that are not yet transactions as well as waiting for inclusion in the block.
Antonopoulos went onto add:
“Now this reservoir is obviously very important, the mempool is what it’s called. Miners have this mempool and they use it to collect transactions in between blocks, so when they are ready to produce a block or try to solve a block, they have transactions to put into the block, so they can earn fees.”
Blocks that get denied won’t be included in another block though and so it results in them being left behind in the mempool, according to Antonopoulos.
“When they take transactions out of the mempool, and they put them in the candidate block, if that block is successfully solved and propagated to the rest of the network. As the other nodes in the system see that block, they will look at what transactions are in the block and they will remove those transactions from their own mempool because they are no longer unconfirmed, they are now in a properly solved block.”