CandleFocus Bitcoin Startup Satflow Targets 'Mempool Sniping' in New Token-Trading Rival to Magic Eden
2024-10-23
Author: Content Editor
Bitcoin infrastructure project Satflow has launched a decentralized exchange (DEX) for professional traders focusing on the Ordinals and Runes ecosystems. The aim of the DEX is to eliminate the practice of mempool sniping, which is more acute on the Bitcoin network compared to other networks. Mempool sniping involves hijacking transactions waiting to be added to a Bitcoin block and adding them back in with a higher fee, ensuring their inclusion in the next block. Satflow's DEX trades involve three transactions, making them "unsnipable in mempool." The company aims to provide a less expensive alternative to the popular NFT marketplace Magic Eden.
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