Why are @Solana Transactions failing?

A thread... 🧵 1/ Lets start from the very basics.

From the point of view of a user, when they make a trade, there are three things that can essentially happen:

1. Tx gets executed successfully without any error.

Two major wins for @Solana are minimal transaction fee and its fast execution time.

Lets learn how it compares with Ethereum's transaction mechanism and why Solana needs a lot of rework before it is ready for scale.

A thread 🧵... 1/ In this thread we'll try to explore how Solana's transaction fee mechanics work and why it still needs a lot of rework, in simpler words, we'll try to answer:

1. How txs fee works on Solana.
2. How txs are scheduled.
3. How it compares with Ethereum's mechanics.

One of the major shortcomings of @ethereum is the complicated UX.

Let's learn how EIP 4337, proposed by @nethermindeth & @opengsn in sep'21, tries to solve it with Account Abstraction.

A thread 🧵... 1/ Well let's start with what account abstraction (AA) means.

Account abstraction provides users the ability to use accounts at a higher level with less knowledge of the processes going on underneath.

Like using a gmail account without knowing how it functions.

Generating decentralized trust is quite hard.

Let's learn how @eigenlayer is leveraging this very fact to fuel innovation on @ethereum.

A thread🧵... 1/ This thread is long, stick with me!

There's a lot that is new in the protocol, and I want to make sure I do justice to its novelty.