Magic Eden Introduces Mempool Protection To Enhance Transaction Security

According to Odaily, Magic Eden has announced the introduction of Mempool Protection on platform X for runes and inscriptions, along with the launch of more RBF features. The user @btctoolpro further explained that when a user's transaction is replaced or intercepted, Mempool Protection automatically broadcasts additional transactions for the user at a higher rate. However, this feature cannot completely prevent sniping. On-chain snipers can still replace user transactions, but this feature can reduce the chances of being sniped and increase the cost for snipers. The introduction of Mempool Protection is a significant step towards enhancing transaction security. It is designed to protect users from potential transaction replacements or interceptions, thereby providing a safer and more secure transaction environment. Despite not being a foolproof solution against sniping, it significantly reduces the likelihood of such incidents and increases the cost for potential snipers, making it a deterrent. The additional RBF features that Magic Eden plans to roll out will further strengthen the platform's security measures. These features are expected to provide users with more control over their transactions and improve the overall user experience. The move is seen as a part of Magic Eden's ongoing efforts to provide a secure and user-friendly platform for its users.