What is the Bitcoin Mempool?
The mempool is the network’s holding area for transactions that have been made but not put into a block yet. Every Bitcoin node on the network holds unconfirmed transactions in RAM and removes them once they are confirmed. From then on they’re held only on disk.
The mempool consists of all transactions waiting to be confirmed by the Bitcoin network. In order to maximize profits, miners typically give priority to transactions paying at a higher Fee Level.
https://blockchain.info/charts/mempool-state-by-fee-level
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