Mempool.space launches a new bitcoin transaction accelerator, partnering with major mining pools to offer faster transaction confirmations. Learn more about this innovative solution.
Bollywood Fever: This week, the open-source bitcoin explorer and onchain parser, mempool.space, introduced its new bitcoin transaction accelerator.
Announced via a post on X, the team highlighted its collaboration with several major mining pools that significantly contribute to the network’s overall hashrate.
Mempool.space and Several Mining Pools Launch Bitcoin Transaction Accelerator
Recently, the average BTC transfer fee has been below $1, or approximately 7.7 satoshis per virtual byte. Since late June, average fees have remained under the $3-4 range after peaking on June 7.
Mempool.space has now launched its transaction accelerator, designed to expedite transactions for users willing to pay a bit extra for quicker miner confirmation.
The beta version of the accelerator is now live. As detailed in their X post, users can “click Accelerate from the transaction page and pay with lightning or fiat.
No sign up necessary.” Initial pool partners for the Mempool Accelerator include Foundry, Mara, SBI Crypto, Spiderpool, and Ocean Mining. Requests are sent to these partners, who prioritize the transfer based on the payment.
Mempool.space also introduced a dashboard on their web portal to display transactions for transparency.
Alongside an image of a mined block, the team explained, “as part of our mission to improve transparency, the block audit feature has been updated to incorporate acceleration bid boosts (the numbers in purple).”
While Mempool.space is not the first to launch an accelerator program, other mining pools like Viabtc offer similar options, with some providing free prioritization allotments daily.
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