16
votes
Accepted
Does every transaction on Stellar need XLM as a bridge between 2 assets?
No,
Stellar offers path-payment.
This means that an user can trade ASSET1 directly to ASSET2 in 2 case:
There is a specific trading pair ASSET1/ASSET2 in Stellar Decentralized Exchange
There is a "...
- 1,009
11
votes
Accepted
Reason for base fee change?
One reason would be a change in dollar value of a lumen. At the time when the base reserve was set to 10XLM, the 20XLM necessary to open an account amounted to well under one dollar. At the current ...
- 922
10
votes
Does every transaction on Stellar need XLM as a bridge between 2 assets?
The other two answers are totally correct, but I wanted to add some color.
Technically, you can create a path payment in Stellar to trade assets using any bridge, but generally you need to use a ...
- 126
8
votes
Accepted
Benefit of overpaying fees
I've asked a similar question on Slack a few months ago. After digging in the Stellar Core sources, I figured out that the fee is considered when Core decides what transactions to include into the ...
- 6,896
8
votes
Accepted
Are there any steps taken to prevent spamming the Stellar network?
The only spam protection currently in place is the transaction fee of .00001 XLM. This is very cheap, and doesn't totally prevent spam, as we saw in the case of the recent stellarpool spam. It is, ...
- 340
8
votes
Accepted
How is Stellar base reserve voted?
The voting is done via online communication between those who run nodes, the final change is voted on using the consensus protocol.
Validators are the people/nodes that comprise the Stellar Network ...
- 392
7
votes
How can I close a Stellar Account?
The account merge operation does that.
I don't know any wallet that supports it, but an easy way to do it without programming is stellar laboratory
If there are any other assets move them with ...
- 2,534
6
votes
Does every transaction on Stellar need XLM as a bridge between 2 assets?
You can trade any asset for another when a matching offer exists.
It is also possible to do cross-asset payments with up to 6 different hops.
This process of finding the best path of a payment is ...
- 1,300
5
votes
Does stellar takes fee for resolving a federated address?
No, it does not take any fees, it's just tool to resolve stellar addresses and return relative public key, and it does not connect with Stellar network
- 256
4
votes
Accepted
How are changes in the stellar protocol implemented?
You can read the network configuration section in the admin guide.
Here is the relevant snippet:
For a new value to be adopted, the same level of consensus between nodes needs to be reached as for ...
- 2,203
4
votes
Accepted
What is "Bump Sequence"?
As far as I can understand it from the feature description, it has nothing to do with the lightning network.
The only effect from the mentioned operation is a bump (increment) of the account sequence ...
- 6,896
4
votes
Accepted
Can a token issued on Stellar determine its own transaction fees?
No, it's not possible. The maximum you can do is to control who is allowed to purchase your token with AUTHORIZATION REQUIRED flag.
- 6,896
4
votes
Accepted
Do transaction fees scale with the size of the transaction?
Transaction fees are calculated over the number of operations into a transaction
Each operation "costs" a base fee (currently* 100 stroops -> 0.00001 XLM) regardless of operation type or operation ...
- 1,009
4
votes
Accepted
What's the business model for being an anchor?
Many(most?) anchors have withdrawal fees, including apay.io (https://apay.io/out).
Another possibility is working with other businesses and charging them a fee to use it - but this is probably more ...
- 1,184
3
votes
Accepted
How to compute for fees in multi currency transaction
Actually Stellar doesn't choose a path. You (or the software you use) are supposed to define one.
You can actually check various orderbooks and compute the cost to find the best path. You find the ...
- 464
3
votes
Accepted
Why failed transactions are not shown in Horizon in any way?
Horizon can ingest failed transactions but it's turned off by default. You can enable it by:
Setting env variable: INGEST_FAILED_TRANSACTIONS=true,
Setting param switch: --ingest-failed-transactions.
- 3,878
3
votes
Send funds with Fees Included or Not Included?
Fees are always paid for in the native currency (XLM), so you can't cover the cost of a transaction using USD like in your example
- 2,203
3
votes
Send funds with Fees Included or Not Included?
There is no way to send lumens directly on the Stellar Network without the sender paying the fee. This fee is built directly into the Stellar Network.
"Stellar deducts the entire fee from the ...
- 502
3
votes
What is the policy for changing base fee?
There is no official policy. When a need arises, the community (of validators) can discuss the issue and decide whether they want to make a change or not.
To answer your other question, the reserve ...
- 340
2
votes
Accepted
Is it possible to create a private stellar network without transactions fees?
To create a private network without native currency and fees you'd need to modify stellar-core code. But please remember that without fees the network is vulnerable to spam attack.
- 3,878
2
votes
Accepted
What is the policy for changing base fee?
Actually, there's an informal official policy:
The base reserve and base fee can change, but should not do so more than once every several years. For the most part, you can think of them as fixed ...
- 98
2
votes
Are there any steps taken to prevent spamming the Stellar network?
As Ben Ayles has said, currently the only spam protection in place is the transaction fee. This subject has been discussed a few times on Reddit.com. Notable ideas to combat this include filtering ...
- 21
2
votes
Accepted
How much should I pay nodes?
Stellar has a fixed base fee.
You can calculate the expected fee with this formula
(# of operations × base fee)
where base fee is 100 stroops. See the docs.
Nobody can earns XLM from his validator ...
- 196
2
votes
Accepted
From where is the transaction fee for a custom token (build on Stellar) that is charged by Stellar Network?
The transaction fee is deducted from the account that acts as the source account for the transaction envelope.
Using the JavaScript SDK, it's the account used to construct the TransactionBuilder:
...
- 1,947
2
votes
Accepted
Why higher than base fee is charged when activity is below capacity?
The gist of what SDF Core developers commented on the issue:
It turned out that presently the testnet is always in the fee surge pricing mode because the condition if (operations > ledgerHeader....
- 6,896
1
vote
is it possible to make money from Token transaction fees?
One workarounds for this case is:
Set "authorization required" for your asset but don't allowTrust to any user in general. Instead require them to sandwich every payment + payment fee operation ...
- 2,534
1
vote
Accepted
How much stellar core nodes i need to maintain to grant free transactions for me?
No, it doesn't work that way. Running a validator does not eliminate the fee requirements.
- 6,896
1
vote
Accepted
How can I close a Stellar Account?
Try Stellar Expert's "account demolisher":
https://stellar.expert/demolisher/public
- 126
1
vote
How much does it cost to exchange 100 USD for EURs on Stellar Network?
Using your example, in order to withdraw EUR from Anchor2, you will need to trade your Anchor1:USD for Anchor2:EUR on the distributed exchange (SDEX).
The cost will be the exchange rate of that trade,...
- 3,367
1
vote
Accepted
Stellar standalone and network fees
It seems that the fee can be set by the core administrator. See /upgrades?mode=set. What happens if you set it to zero?
- 3,367
Only top scored, non community-wiki answers of a minimum length are eligible