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MaxResnick1
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Idk who needs to hear this but an oracle update is also a cancel when the AMM quotes around the oracle update.
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MaxResnick1
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Fartcoin is digital liquified natural gas Hot air always rises
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I'm running some transaction landing experiments rn and i'm sending about 20 tps. Which I realized is more TPS that the entire Ethereum blockchain. I started with 0.05 Sol in my account, now i have 0.04984 Sol. OPOS
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On static transactions: Transactions should be fully static at submission. Why: Sequencers must be able to reason about transactions without executing them. And validators should be able to reason about block validity without executing the block. All sequencing-relevant inputs including but not limited to: 1. Fee Payer 2. Resource usage and fees charged 3. Insructions 4. Read and write access list Should be contained within the transcation. In fact, even which accounts are loaded should be static and not manipulable in the runtime to avoid cache misses (you certainly should be able to not read something that you asked for but you should not be able to read something that you didn't ask for). If the sequencer can’t simulate your transaction’s account locks and resource use without access to the runtime, its too dynamic.
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"Why is p90 wait time on ping thing still so long?" I think most people (who work on fee markets) understand that wait time in a FIFO m/m/1 queue with excess capacity is long tailed. That is most of the time you arrive when the queue is empty but some small % of the time the queue is full and when its full the wait time is super long in expectation when this happens. What people might not realize is that this is also the case for priority queues for any given priority level. Supose you are paying a priority fee that is higher than 30% of the other incoming traffic. Then your wait time in the priority queue is at least as long as under the FIFO queue with 70% load, and probably higher and much longer tailed because if you are sitting in the queue, any transactions with a higher priority fee that arrive go before you.
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Solana is not focused on CLOBs, FCFS, cancels before takes, or any other market structure. There are no Zealots here, only pragmatic people who want the tightest most liquid markets to exist on Solana. Whichever market structure leads to that is fine with us. But the reality today is that if an app wants to expirement with some new market structure Solana isn't the place to do that. Applications don't control their own sequencing on Solana, Validators do. That is not going to work long term.
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