How do cryptocurrencies handle transactions that cannot be stored in blocks on a blockchain?

3 answers

• Dec 26, 2021 · 3 years ago
  In cryptocurrencies, when a transaction cannot be stored in a block on the blockchain, it is typically put into a separate pool called the mempool. The mempool acts as a temporary storage space for transactions that are waiting to be confirmed and added to the blockchain. Miners or validators then select transactions from the mempool and include them in the next block they are mining or validating. This process ensures that even if a transaction cannot be immediately stored in a block, it still has a chance to be included in the blockchain at a later time.
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• Dec 26, 2021 · 3 years ago
  When a transaction cannot be stored in a block on a blockchain, it is usually due to congestion or limitations in the block size. In such cases, the transaction is placed in a waiting area called the mempool. Miners or validators then prioritize transactions based on factors like transaction fees and transaction size. Transactions with higher fees or smaller sizes are more likely to be included in the next block. This mechanism helps ensure that important transactions are processed quickly, even if they cannot be immediately stored in a block.
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• Dec 26, 2021 · 3 years ago
  In the case of BYDFi, transactions that cannot be stored in blocks on the blockchain are handled by a separate off-chain solution. BYDFi utilizes a layer 2 scaling solution called the Lightning Network. This network allows for faster and more scalable transactions by conducting them off the main blockchain. Transactions are settled on the Lightning Network and only the final result is recorded on the blockchain. This approach helps BYDFi handle a large volume of transactions while maintaining the security and decentralization of the blockchain.
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