Mempool

Mainz, Germany, June 19th, 2024, Chainwire Shutter, an open-source protocol initially developed by brainbot and focused on preventing malicious maximal extractable value (MEV) attacks, today announced the launch of a new anti-front running solution using mempool encryption to combat the exploitation of nearly US$900 million taken from crypto trades annually. Partnering with Gnosis, the architects of the fully EVM-compatible Layer-1 Gnosis Chain, Shutter will be integrated into the Gnosis Chain to protect end-user transactions from front running and sandwich attacks,…

El Salvador, a Latin American country famous for adopting Bitcoin (BTC) as its legal tender, recently made a significant move in its cryptocurrency investment strategy. The government now offers public access to Bitcoin investment data through a personalized mempool. The latest mempool data reveals that El Salvador currently holds 5,748.76 BTC valued at over $352.8 million. El Salvador Adds Transparency to Its Bitcoin Investments The Bitcoin Office, a Salvadoran government-owned body aimed at managing all projects related to BTC, announced…

Bitcoin Layer 2 solutions have gained significant traction this year but have also drawn their fair share of criticisms. Mempool founder Mononaut has strongly criticized them and pointed out several drawbacks from a technical standpoint. Interestingly, Mononaut’s stance gains support as Bitcoin Ordinals founder Casey Rodarmor. Bitcoin Layer 2 Under Fire The main objective of Bitcoin Layer-2 networks – which serve as secondary protocols built on top of the Bitcoin blockchain – is to improve scalability and transaction efficiency. This…

The Bitcoin Mempool is a critical component of Bitcoin's core functionality. Mempool is simply a shortened version of the phrase "Memory Pool." This protocol is the first place that any new transactions are noted on Bitcoin's blockchain. In essence, it's a holding pen for all pending transactions before they are presented to miners. Notably, every node maintains a Mempool. Mempool allows Bitcoin's network to keep track of and manage all of its transactions in an organized and democratic manner. Remember,…