Topic: Bitcoin mempool and why it's getting more attention this days (Read 114 times)

You don't understand mempool. There is no single node nor a global node that represents all the transactions. Do you know what happen when a transaction is broadcast?

It gets rebroadcasted across all the nodes of the bitcoin network and before each node accept a transaction into their pool, they validate it and confirm if it was a authentic transaction(meet consensus rule of bitcoin transaction) and then rebroadcast the copy to another nodes until the transaction is broadcasted to all available nodes on the bitcoin network. This is where they stay until a miner take them, mine them before included in the next block and they can contain as much as many transactions depending on the size of the mempool.

The question is how should a bitcoin block size contain more transaction so that the we don't have to experience more transactions waiting on the mempool, that has been an unending argument by developers, everyone has different opinions regarding this but just mote that the each bitcoin block size can accommodate a maximum of 4 million weight units.

There isn't a way to improve the mempool. It's a single feature that all nodes keep a copy of for themselves once a transaction is broadcasted to the network. The term you're hearing about mempool being clogged is because a lot of those unconfirmed transactions are stored in the mempool, until such time that a miner decides to include these transactions in the block that they mined. You don't improve the area wherein broadcasted transactions are stored. The high fees are causing all of these unconfirmed transactions, and the mempool has nothing to do with it.

You’re misunderstanding the mempool thing. First there is no general mempool but rather each node has its own mempool. It is were transactions broadcasted are first stored in before each nodes pick those transactions and include them into their candidate block and subsequently to later to the blockchain. It is not it that stored on the blockchain but the transactions in the block, it is just like a waiting room first for transactions before they get selected into the block by each node.

Now if there is anything that needs to be improved for transactions confirmation it is the block that actually holds the transaction in a blockchain. If the size of the block is increase then there will be more transactions included in a single block and it will in turn increases the number of transactions getting Confirmation.

 Short answer - nohow.

Mempool is just  a RAM space allocated by each node to store transactions waited to be included into block.   Any enhancements made to this space (like    increasing its size or improving  I/O performance) wouldn't significantly impact the speed at which transactions incorporated into a block by miners.

Several non-fee techniques exist to improve the mempool and speed up transactions even during peak traffic. Bundling multiple transactions into a single batch allows them to be processed as a single unit. This lowers the mempool's overall transaction count, improving space efficiency and reducing congestion. Algorithms can rank transactions according to their size and fee. Prioritising and managing high-fee, low-size transactions can help the mempool clear quickly over time and potentially reduce overall congestion.

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Recalling that improving the mempool is an ongoing project requiring a combination of technological advancements, community consensus, and coordinated efforts from network users is imperative. The strategies and tactics employed by different blockchain networks to deal with mempool congestion may differ.

Take note that there is no general BTC mempool, and each node in the network has their own individual mempool, and it is simply just a 'waiting room' for unconfirmed BTC tx's.
You do not understand what you are talking about. Look, nodes validate BTC tx's and keep them in their mempool, waiting for miners to pick up this unconfirmed tx's and add it to their block, nodes have always stored uncomfirmed tx's in their mempool. Mempool has nothing to do with speeding up BTC tx's or high tx fees, if you are talking about bigger block size, then it makes more sense.

The way mempool is, only high transaction fee that is enough to get a transaction confirmed early when the mempool is congested is the only thing that you can do. Although, if you know a mining pool operator, the person can help you to include your transaction into a block. There is free ViaBTC accelerator, but people that wants to submit their transactions every hour are many, taking up the 100 transactions within 1 or 2 seconds, making it not impossible for most people to make use of the free accelerator.

The Bitcoin mempool have a long history of being  an important player in the Bitcoin ecosystem.
Most investors don't even know about it because their was no record of it, until 2016 when it congestions start creating awareness to the minds of not just it developers but also we the supporters.
The shocking part is that due to how fast it was, their was no record keeping of it's stats from 2010 to 2016, but look at it today, it's now gaining more attention for the wrong reason due to congestions and more adoptions.
My question is how can the mempool be improved to speed up transaction even with it congestions, aside from high fee's?