Are there any factors that can affect the transfer speed of XLM?

3 answers

• Sarah MullengerAug 16, 2024 · a year ago
  The transfer speed of XLM can be affected by various factors. One important factor is network congestion. When there are many transactions being processed on the Stellar network, it can slow down the transfer speed of XLM. Another factor is the amount of gas fees paid for the transaction. Higher gas fees can prioritize the transaction and result in faster transfer speeds. Additionally, the distance between the sender and receiver can also impact the transfer speed, as longer distances may require more time for the transaction to propagate through the network. Overall, these factors can influence the transfer speed of XLM and it's important to consider them when making transactions.
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• Kamronbek2112Feb 23, 2021 · 4 years ago
  The transfer speed of XLM can be affected by network congestion, gas fees, and distance between the sender and receiver. Network congestion occurs when there is a high volume of transactions being processed on the Stellar network, which can slow down the transfer speed. Gas fees, on the other hand, determine the priority of the transaction. Higher gas fees can result in faster transfer speeds as the transaction is prioritized. Lastly, the distance between the sender and receiver can impact the transfer speed, with longer distances requiring more time for the transaction to propagate through the network. Considering these factors is crucial for understanding and optimizing the transfer speed of XLM.
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• N B Kundan SettyNov 13, 2020 · 5 years ago
  When it comes to the transfer speed of XLM, there are several factors that can come into play. Network congestion is one such factor. If there are a lot of transactions being processed on the Stellar network at the same time, it can slow down the transfer speed of XLM. Another factor is the gas fees paid for the transaction. Higher gas fees can prioritize the transaction and result in faster transfer speeds. Additionally, the distance between the sender and receiver can also affect the transfer speed. Longer distances may require more time for the transaction to propagate through the network, resulting in slower transfer speeds. Understanding these factors can help optimize the transfer speed of XLM transactions.
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