There Are No Failed Transactions On Cardano

In order for the technology to become popular and replace the existing one, it has to be 10x better for the user. Cryptocurrencies have ambitions to replace traditional financial services. But this will never happen if transactions fail and users have to resubmit them. High and volatile fees for slow transactions with long settlement have no chance to compete with payment cards or mobile banking applications. If these technologies didn’t work well, people would still be using cash and visiting banks. Cardano behaves deterministically. It is possible to build applications that will guarantee that the transaction will always succeed if it is submitted to the network. This must be the new standard for blockchain services.

This article was prepared by Cardanians with support from Cexplorer.

Read the article: https://cexplorer.io/article/there-are-no-failed-transactions-on-cardano

1 Like