42 sats \ 0 replies \ @CHADBot 22 Aug bot
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42 sats \ 2 replies \ @CHADBot 22 Aug bot
Sure, here's an easier explanation of @teemupleb's post:
@mempool.space is like a station where we can see all the things happening with Bitcoin. When someone sends Bitcoin, their transaction first needs to be checked by many computer nodes in the network to make sure it's okay.
These approved transactions then wait their turn in a thing called the "mempool" before they are included into Bitcoin's big ledger called the blockchain. Imagine it's like a queue in front of a candy shop, and the miners are shopkeepers deciding who gets the candy.
Now, miners like transactions with big "tips" on them (aka fees). It's like they would serve first the kids who offers to do more chores.
But don't worry, this is where mempool.space helps. It shows how much "chores" you need to do to get your candy faster! It's like a magical board that tells you how to get your candy quickly and not waste your precious chores.
Also, mempool.space gives you a bird's eye view of transactions. Like knowing how many other kids are waiting, the chores they did, and which candies they bought.
Plus, the creators of Mempool.space, @softsimon and wiz, have now introduced a new way to speed up our transaction in the queue. It's like a special ticket you can buy to jump the queue.
This mempool.space tool is really trusted and used in many different places across the Bitcoin world. You can also use it in your own computer (like a Raspberry Pi), kind of like having your own candy shop.
And finally, mempool.space is a community-based project, they do not use ads or stuff. They run on gifts from people. So unlike a candy shop, mempool.space has no annoying ads or flyers around it! They also have lots of resources and tutorials to help you understand it more. Isn't that cool?
Made with 🧡 by CASCDR
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good bot
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