You're reading from Rust for Blockchain Application Development

Product typeBook

Published inApr 2024

PublisherPackt

ISBN-139781837634644

Edition1st Edition

Concepts

Web Security

Author (1)

Akhil Sharma

Adding memory pools

A memory pool, often referred to as a mempool, serves as a holding area for pending cryptocurrency transactions awaiting validation and inclusion in a block on a blockchain network. It stores unconfirmed transactions, acting as a temporary repository before miners select and verify them for block inclusion. Significantly impacting blockchain efficiency, the mempool plays a pivotal role in transaction processing and network performance. Its function involves validating transactions, ensuring they comply with network rules, and prioritizing them based on associated fees or other criteria. The mempool’s role in decentralized systems, such as Bitcoin, Ethereum, and various altcoins, enhances transaction throughput and responsiveness. Applications of mempools extend beyond basic transaction storage; they influence fee estimation algorithms, network scalability solutions, and transaction acceleration services, which are vital in optimizing blockchain operations...

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Rust for Blockchain Application Development

Published in: Apr 2024Publisher: PacktISBN-13: 9781837634644

Author (1)

Akhil Sharma

Akhil Sharma is a Software Engineer and an entrepreneur. He is the CTO of Dominate, a SaaS product company, and the founder of Myrl Tech, a tech services company providing technology consulting to some of the top enterprise companies in the world such as HP, 3M, Honda, Bose, and Adobe. He has 12+ years of industry experience and a solid understanding of building digital products. He is adept at multiple programming languages such as Golang, Rust, Ruby, Python, and JavaScript. He has mentored hundreds of engineers offline and discovered that they knew the programming language and the concepts around it but were unable to use them in real-world applications. He aims to close this gap by teaching how to apply the concepts practically and build projects in real time.
Read more about Akhil Sharma

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Adding memory pools

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Author (1)

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