The “transaction failure” faced by the Solana network is different from the typical transaction failures in general blockchain networks. In general, transaction failures are usually due to “transactions being processed by validators but not succeeding due to on-chain state.” However, according to developer cygaar, the current issue faced by Solana is that there are too many transactions on the network, causing the nodes to be overwhelmed and unable to process every submitted transaction. As a result, some transactions are discarded, and only a small portion of transactions can be successfully processed. Additionally, some bots are sending a large number of transactions to the network in order to maximize the chances of their transactions being processed, leading to a vicious cycle of network congestion.
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …