Mempool.Space Receives $100,000 Grant – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Square Crypto, the open-source Bitcoin development arm of payments company Square, is supporting one of Bitcoin’s most popular open-source blockchain explorers, mempool.space.

The project is run by the pseudonymous Wiz and softsimon, who will be receiving $100,000 from Square Crypto in a year-long grant denominated in BTC.

“Not even two weeks after announcing bitcoin-denominated grants, we’re giving @wiz and @softsimon_ @mempool 14,043,207 sats … a month for 12 months,” Square Crypto tweeted.

Bitcoin block explorers allow users to browse through publicly-recorded bitcoin transactions. The Bitcoin mempool, or memory pool, is where unconfirmed transactions are stored in a Bitcoin node while they “wait” to be validated. Mempool.space allows users to explore the state of the mempool and these pending transactions, allowing Bitcoiners to estimate transaction fee rates and determine wait times for unconfirmed transactions, thus helping them set priorities with their own transaction fees.

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