Landing Transactions in 1-2 Blocks Without a SWQoS Provider: A Solana-Specific Solution
As a trader or developer who executes exchanges on Solana, you are likely aware of the importance of fast transaction processing. However, navigating the Solana blockchain can be a cumbersome process, especially if you rely solely on the expensive SWQoS (Solana Web3 Quality of Service) provider. In this article, we will explore alternative methods to settle transactions in 1-2 blocks without getting bogged down by the bank.
Challenges of SWQoS
Before we dive into the solution, let’s quickly address the challenges of using SWQoS:
- High Costs: The fees for executing complex transactions can be astronomical.
- Network Congestion: Solana has experienced network congestion in the past, which has made it difficult to execute transactions quickly.
Dedicated Payment Node (SWT) Solution
One possible solution is to use a dedicated payment node, which provides faster and more reliable transaction execution. Here is an overview of how you can use SWT (Smart Wallet Transaction) to settle transactions within 1-2 blocks:
Step 1: Set up SWT
You will need to install the Solana Node Manager (SNM) or Solana Wallet application, which will provide access to the dedicated node.
Step 2: Configure SWT
Once set up, configure SWT to connect to the dedicated node. This usually means setting the node address and port number in your application configuration file (e.g. “solana.config.js”).
Step 3: Using SendRawTransaction
To execute a transaction using SWT, simply call the
import { Web3Provider } from: "@solana/web3.js";
import { sendRawTransaction } from `web3-utils";
const web3 = new Web3Provider(
// Node address and port number
"
);
Step 4: Retrieve the transaction ID using getTransaction
After a transaction has been executed using sendRawTransaction(), you can retrieve the transaction ID (txid) using the `getTransaction() method.
const transaction = await web3.getAccount();
const txId = transaction.id;
Step 5: Complete the transaction in 1-2 blocks
With SWT, you can now control the transaction execution process. You can complete the transaction in a shorter time:
- Using the "sendRawTransaction()" method with an optional "minCost" parameter to a lower value (e.g. "-200").
- Combining multiple transactions into a single operation using the Solana Web3 API.
- Using the "getTransactionId()" method to retrieve the transaction ID earlier, which can then be used to complete the transaction.
Here is an example of how you can perform these steps:
``` script
import { sendRawTransaction } from "web3-utils";
import { getAccount } from: "@solana/web3.js";
const web3 = new Web3Provider(
// Node address and port number
"
);
// Define a function to execute the transaction using SWT
async function landTransaction(transactionData) {
const tx = await sendRawTransaction(
transaction data,
{ minCost: -200 } // Set the minimum cost to execute the transaction
);
const transactionID = tx.id;
return transactionID;
}
// Define a function to retrieve the transactionID previously
async function getTransactionId(transactionId) {
const account = await web3.getAccount();
return account.id;
}
// Example usage:
const transactionData = { // The desired transaction data
accounts: [
// List the desired accounts here
],
};
const txid = await landTransaction(transactiondata);
// Use the transaction ID to execute the original transaction using getTransaction()
const originalTxId = await web3.
