Sentences with phrase «larger mempool»

A larger mempool and more unconfirmed transactions meant that transaction fees were also quite high.

Not exact matches

Making the discount too large would lead people to use the witness space to store general purpose data on the block chain, or adversarial miners may fill excess space with random junk to defeat fast relay schemes that rely on similar mempools

This is not necessary, as small transactions can be confirmed when they hit mempool, you only need to wait confirmations if you are unsure about a buyer (applications can be built for risk assessment of the incoming wallet) or if the amount is too large.

Currently, as shown by the large size of the bitcoin mempool, the holding area of unconfirmed transactions, the Bitcoin network is congested, leading to high transaction fees and longer transaction verification periods.

Bitcoin cash was the result of an August 1st hard fork this year, with miners and enthusiasts signaling for larger block sizes to ease mempool congestion, lagging transaction times, and rising fees on BTC.