Post
Topic
Board Development & Technical Discussion
Merits 2 from 1 user
Re: Improving confirmation time
by
nullius
on 26/12/2017, 06:26:20 UTC
⭐ Merited by ETFbitcoin (2)
the mempool

There is no such thing as “the mempool”.  Thus, you have tried to build a lofty tower on a wholly nonexistent foundation.

Each node has a mempool, consisting of unconfirmed transactions it so happens to have heard of through Bitcoin’s gossip protocol.  Each node’s mempool is different from the others.

Correcting this single error in thinking about Bitcoin can correct many other errors, too.

Spinning around what achow101 correctly explained:  We already have a “coordinated ordered transaction mempool”, as you call it.  Our “coordinated ordered transaction mempool” is called the blockchain.  Transactions are “coordinated” and “ordered” by the blockchain, through the very same “confirmation” process as you attempt to shortcut.  What you are really trying to do is to invent a replacement for the whole proof-of-work mining system; and obviously, you have not done that.

P.S., it is also impossible to descramble eggs.