Stellar Validators

alierciyas

Hey

I'm trying to understand why would someone become a stellar validator. Let me explain

I know that the XLM are pre-mind and they are being released to the community at a 1% rate a year + the transactions fees are sent to the community pool.

My questions

If stellar is a non profit organization how are they paying their stuff. I know they got a donation of 3 million (dont think it's enough) but I don't see how that can help in the future.

I will attach a link so you can understand who im talking about. Skip to 8:54 https://www.youtube.com/watch?v=X3Gj2nQZCNM

Can anybody become a validator? Why would they become a validator and i'm assuming they will need to use their computer to become one which means extra electricity cost. Why would they put in the extra work if they can just join the community pool and receive free XLM?

I hope someone can answer my question in normal english I watched the ''David Mazières: "The Stellar Consensus Protocol" | Talks at Google'' and I might be the dumbest person but I barely could understand what he was talking about

Regards Ali

CryptoMediaNetwork

From what i read, the validators receive the transaction fee and thats why its worth being a validator. In the future the amount of transaction some of these validators will have will be massive, like Tempo for example.

jamie

I can't answer all your questions but that's not correct @"CryptoMediaNetwork"#2066.

Validators don't get the transaction fee. I recently saw this on Stellar's slack channel:

"Validators don’t get anything in return. They validate to support the network, that’s why we still don’t have thousands, just 20-30 validators.

Companies who run business on Stellar are interested in running validator to make sure their interests preserved when upgrading network or in general to make sure that nobody is trying to trick them into paying for transactions that don’t exist"

I'll try answer some things but don't quote me on this.

@"SDF_Zac"#2360 might be able to explain more about this since he works for Stellar.

I'll watch this later.

(Can anyone become a validator) Yes, as far as I know anyway.

(Why become a validator) What I quoted more or less answers some of this but I assume big companies like IBM want to keep supporting to network in order to make it stronger. It's not necessarily all about earning more lumens for some people / companies. They could also push their transactions to their own validator too I think to speed things up.

NobleToker

Why run a node? Benefits of running a node You get to run your own Horizon instance:

Allows for customizations (triggers, etc) of the business logic or APIs Full control of which data to retain (historical or online) A trusted entry point to the network Trusted end to end (can implement additional counter measures to secure services) Open Horizon increases customer trust by allowing to query at the source (ie: larger token issuers have an official endpoint that can be queried)

Compute requirements CPU, RAM, Disk and network depends on network activity. If you decide to collocate certain workloads, you will need to take this into account.

As of early 2018, stellar-core with PostgreSQL running on the same machine has no problem running on a m5.large in AWS (dual core 2.5 GHz Intel Xeon, 8 GB RAM).

Storage wise, 20 GB seems to be an excellent working set as it leaves plenty of room for growth.

Taken from: https://www.stellar.org/developers/stellar-core/software/admin.html

To me it seems that with minimal system requirements most businesses that choose to operate on stellar will be able to run their own Node to keep data pertinent to what they need. They should be able to run a node from in house hardware/VM (business network); else use a service like AWS.