Assets, Bitcoin

How Big Is the Bitcoin Mempool?

The Bitcoin mempool is a collection of all the unconfirmed transactions waiting to be confirmed on the Bitcoin network. When a transaction is broadcast to the network it is first verified by all the nodes in the network.

Once it is verified, it then goes into the mempool where it waits to be picked up by a miner and included in the next block. The size of the mempool is constantly changing and can range from a few thousand to over a million unconfirmed transactions. .

The mempool size has been increasing steadily over the past few years as the Bitcoin network has grown. This is to be expected as more and more people use Bitcoin and send more transactions.

The good news is that even with a large mempool, most transactions will still confirm within a few hours as long as you have paid a high enough fee. If you are willing to wait longer for your transaction to confirm, you can always choose a lower fee.

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