Bitcoin : Questions by a non Noob
Hi All,
I have been in the space since 2015, and I got obsessive with the tech that naturally led to a lot of reading, watching and listening, way back when nobody cared and I had no one to talk about it (didn’t even know reddit existed). I believe I have a good understanding of the underlying technology and what makes it an inevitable future for the masses. I stopped looking at the price a while now (its easier I suppose when even at the lowest point after the crash, I am still making a very good profit) and I am a true hodler. Nevertheless I do have some questions related to unverified transactions on the network so please help me if you can:
1) Miners that are in the race to add the next block on the blockchain select the transactions they want to include in their block before trying to solve the problem from a pool of unverified transactions published on the network. Where are these unverified transactions “sit”? where is that pool “located” within the network?
2) Can the miners all include the same unverified transaction into the block they are trying to solve (i have a feeling this is the case) or is it that once it is picked by a miner to include in the next block it is off the pool, therefore no one else can pick it? I understand that if someone “solves” the next block everybody else drops the content of the blocks they were trying to solve back to the pool of unverified transactions to be picked up again for the next cycle.
Thanks in advance
Bitcoin
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