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Jul 2

Mempool Sniping: The Challenges for Ordinals and Shell Finance's Response

In the Bitcoin network, transactions broadcasted to the mempool are not immediately confirmed. Most transactions remain "unconfirmed” until a new block is mined, which can take a few minutes to over an hour (depending on the current average gas fee). Due to varying block times, "unconfirmed" transactions are easily replaced by other users using a higher fee rate (RBF = Replace-By-Fee), leading to the original transaction being discarded. This phenomenon is commonly known as "mempool sniping."...

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