Lightspeed cover image

Lightspeed

Why Are Solana Transactions Dropping? | Mert Mumtaz, Dan Smith

Apr 6, 2024
Crypto analyst Mert Mumtaz and blockchain expert Dan Smith discuss the reasons behind the increased number of dropped transactions on Solana, highlighting issues like spam, fee mechanisms, and the impact on user experience. They also touch on topics like Ellipsis Labs' funding, Ore cryptocurrency, and the cultural significance of Bitcoin in the evolving narrative of cryptocurrencies.
50:19

Podcast summary created with Snipd AI

Quick takeaways

  • Users are experiencing more failed & dropped transactions on Solana, leading to concerns about network reliability.
  • OR on Solana introduces a smart contract mimicking Bitcoin's proof of work mechanism, facing initial challenges but generating significant interest.

Deep dives

Bitcoin: A Cultural and Memorable Store of Value

Bitcoin is appreciated for its decentralized nature and cultural significance more than just an inflation hedge or money. It is seen as a valuable asset in the crypto space, offering a unique ethos that many engage with. The new wave of development around Bitcoin, including ordinals and altos, showcases an evolving landscape that is exciting to explore. The experiment with Bitcoin is ongoing, contributing to the diverse array of developments within the crypto community.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode