Blocknative introduces tools that help to monitor transactions that are to be confirmed on the mempool. The company has received over 12 million USD for further development of its products. In 2020 Blockcnative raised about $5 million for creating a transaction tracking service.
The main function of the initiative is to track the status of transactions that expect confirmation on the mempool. With the help of this system, other platforms will be able to monitor transactions that have not been transferred to users’ wallets. One of the key issues for crypto traders is that despite the mempool data is publicly available, users have no idea how to use it. According to Spencer Bogart, the company representative, many developers have already started to use Blocknative tools to control their projects.

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