feat: simplify transaction timeout

[matthewwalsh0]

Explanation

Simplify the transaction timeout mechanism to not count attempts, but instead check the time since submit, or when the transaction was last seen on the network.

Calculates the timeout duration using the blockTime from the accelerated polling feature flags.

References

Checklist

• I've updated the test suite for new or updated code as appropriate
• I've updated documentation (JSDoc, Markdown, etc.) for new or updated code as appropriate
• I've communicated my changes to consumers by updating changelogs for packages I've changed
• I've introduced breaking changes in this PR and have prepared draft pull requests for clients and consumer packages to resolve them