Cryptocurrency Q&A
How does the mempool accelerator work?
How does the mempool accelerator work?
GangnamGlamour
Tue Dec 17 2024
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7 answers
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The mempool accelerator is a service launched by the Bitcoin mining pool, Mempool. It aims to expedite transaction approvals on the bitcoin network by allowing users to pay extra miner fees and service charges. This service partners with major mining pools, covering about 40% of the global bitcoin hashrate, to prioritize transactions based on acceleration fees. Users can choose to accelerate transactions via the mempool.space platform, without the need for registration, using bitcoin, Lightning Network, or fiat payments. The accelerated transactions are displayed on Mempool's block audit dashboard for transparency.
7 answers
KimchiQueenCharm
Thu Dec 19 2024
They explain that Mempool forwards your acceleration request to their mining pool partners.
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SeoulSerenitySeeker
Thu Dec 19 2024
These mining pool partners have the option to accept or decline your acceleration request.
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Martina
Thu Dec 19 2024
If a partner accepts your request, they will prioritize your transaction.
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Alessandro
Thu Dec 19 2024
The Mempool Accelerator team presents their methodology in a positive manner.
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HanjiArtist
Thu Dec 19 2024
The prioritization is based on your new accelerated fee rate.
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