A Solana transaction’s journey from user submission to block inclusion can be arduous. Even once the transaction reaches the current leader, it must compete with other transactions for limited blockspace. Including transactions in a purely first-come-first-served fashion encourages spam and may block high-value transactions from ordinary users. To solve this problem we need a fee mechanism.
Public, Provable Prices
What happens when exchanges operate with a discrete clock? In our last post, we argued that blockchains have a system…
- Regulatory,
- Research