Blockchain
By Ayobami Abiola
1 / 10
Stellar Lumens with an Advantage
2 / 10
On the Flip Side
3 / 10
Transaction fees are key parts of a blockchain model, as they are used for different purposes on different networks.
4 / 10
One basic advantage Stellar Lumen has over the Bitcoin and Ethereum network it is possible to send ten thousand transactions for just ten cents ($0.10).
5 / 10
But since the transaction fee on Stellar protocol is so small, it can encourage spam transactions with phishing links in their memos to scam the receiver.
6 / 10
“About a year ago, there were several threads discussing the possibility of raising the minimum fee for Stellar transactions.
7 / 10
From the article, he stated that apart from the fact that spammers can utilize the super low fee, there remains a huge challenge from multiple developers who creates trading bots…
8 / 10
“The problem is, a lot of people built arbitrage bots, and they all look for the same opportunities.
9 / 10
The many failed transactions are included the ledger since their transaction fees are above the minimum.
10 / 10
Discussions are open for the reaction and response on the Stellar Developers Google Group.
The Currency Analytics
Want the full story?