Stellar discussions by the Public Node community

Fees on the Stellar Network

August 13, 2020 Episode 7
Stellar discussions by the Public Node community
Fees on the Stellar Network
Chapters
Stellar discussions by the Public Node community
Fees on the Stellar Network
Aug 13, 2020 Episode 7

Brian and Daniel discuss the cost to submit an operation to the public ledger on the open and inclusive Stellar network.  They provide their take on whether validators should approve an increase in the current minimum fee of 100 stroops - about one millionth of a dollar when XLM is valued at ten cents each.

Fees on Stellar are used to economically discourage spamming the network so that the open network can remain healthy and efficient. 

Read about the issue and pigeons in the Stellar Development Foundation's blog post "should we increase the minimum fee".
Read the Google discussion on this issue here and the Reddit discussion here.

Support the show (https://publicnode.org/#membership)

Show Notes

Brian and Daniel discuss the cost to submit an operation to the public ledger on the open and inclusive Stellar network.  They provide their take on whether validators should approve an increase in the current minimum fee of 100 stroops - about one millionth of a dollar when XLM is valued at ten cents each.

Fees on Stellar are used to economically discourage spamming the network so that the open network can remain healthy and efficient. 

Read about the issue and pigeons in the Stellar Development Foundation's blog post "should we increase the minimum fee".
Read the Google discussion on this issue here and the Reddit discussion here.

Support the show (https://publicnode.org/#membership)