@luckybid_xyz is the first omnichain NFT lottery platform that gives everyone the chance to own bluechip NFTs with minimal investments and affordable gas fees.
For years, there's been a massive interest and investment in the NFT space which has seen to it expanding massively and attracting investors.
Making it omnichain is another massive thing coming for the nfts sector.
Their platform is currently in testnet stage and are still building towards mainnet.
If you want to get a feel to how the platform is and be eligible for airdrop rewards, then let's dive in ⬇️
Whenever a transaction happens on a blockchain, it has to be added to a block then recorded on the blockchain.
But before it's been validated and recorded on the blockchain, where?.
This what we call;
Mempool.
A short and detailed thread🧵
What are mempool?
A Mempool otherwise known as memory pool is where the list of pending and yet to be validated transactions from a node are stored before it's committed to a block on the blockchain.
In short, all valid transactions to be confirmed are stored temporarily there.
This runs on the Bitcoin node - PoW consensus.
Mempool could as well act as blockchain size indicator.
A high mempool size indicates more network traffic resulting in longer average confirmation time and higher priority fees.