Transaction Success Rate

Definition ∞ Transaction success rate measures the percentage of attempted transactions on a blockchain network that are successfully processed and recorded. This metric reflects the reliability and efficiency of a network’s consensus mechanism and overall infrastructure. A high success rate indicates robust network performance, minimal congestion, and effective handling of transaction volume. It is a key indicator of a blockchain’s operational health and user experience.
Context ∞ Crypto news often cites transaction success rate when evaluating the performance and scalability of various blockchain protocols, particularly during periods of high network activity or congestion. A declining success rate can signal underlying technical issues or network limitations, potentially impacting user confidence and adoption. Developers continuously work to optimize network architecture and consensus mechanisms to maintain a consistently high transaction success rate.