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What is the role of the "mempool" in the Bitcoin network?

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The mempool in the Bitcoin network is a pool of unconfirmed transactions that have been broadcast to the network but have not yet been included in a block by miners. Miners select transactions from the mempool to include in the next block they mine. The mempool helps to ensure that transactions are propagated across the network and that miners have a pool of transactions to choose from when creating new blocks.
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