Cryptionary

Mempool

1. mining

The holding area in a node for all pending transactions on the network which have not yet been confirmed in a block. Not all nodes necessarily have a mempool, and those that do don't necessarily accept all broadcast transactions into their mempool.

1.1

Miners run full nodes which collect all broadcast transactions into their mempool. The transactions with the highest fees attached to them are usually selected and confirmed in the next block, confirming them and removing the transactions from the mempool. As the found block is validated by the rest of the network each node in turn removes the blocks included transactions from their own mempool,

* All terms and definitions may update as the Cryptionary improves.

All terms

Genesis Block Halving Hash rate Hodl ICO IEO Instamine JOMO Know Your Customer Lambo Lightning Network Limit order Liquidity Locktime Majority Attack Market Cap Market Order Masternode Maximalist Maximum Supply Mempool Mining Mining Pool Minting Baton Mnemonic Mooning 🌕Multi Signature Node OP_RETURN Opcode Orphan Premining Privacy Coins Private Key Proof of Stake Proof of Work Public Key Pump and Dump Rekt Replace By Fee