06:36 <stellar-slack> <meetreks> Hi, quick question

06:37 <stellar-slack> <meetreks> would appreciate if someone can help with that

06:37 <stellar-slack> <meetreks> what part of the network does stellar run

06:37 <stellar-slack> <meetreks> and what is that we have to do running our own stellar core servers

06:38 <sacarlson> I guess it runs on the world wide web maybe the question is what ports does it listen on?

06:40 <stellar-slack> <meetreks> well my question really is

06:40 <stellar-slack> <meetreks> what really does stellar-core does

06:40 <stellar-slack> <meetreks> and why should I run my own version

06:40 <stellar-slack> <meetreks> for ex

06:41 <stellar-slack> <meetreks> Bitcoin nodes -- I can mine and get some BTC

06:41 <stellar-slack> <meetreks> Ripple -- no use as there is no mining concept

06:41 <stellar-slack> <meetreks> Stellar -- ????

06:42 <sacarlson> only reason I can think of to run your own node as far as I'm conserned is maybe added security, I'm not sure what the benifits would be

06:43 <sacarlson> but I think I've heard of them offering payments to nodes if they meet some standards

06:44 <sacarlson> I might also see faster transaction speed and reliability if I had my own node

06:44 <sacarlson> if I was a bank or gateway I would want to run a node

06:47 <stellar-slack> <meetreks> would the bank not want to connect using a gateway

06:47 <stellar-slack> <meetreks> likefor ex

06:47 <stellar-slack> <meetreks> Fidcor uses Snapswap

06:47 <stellar-slack> <meetreks> as the gateway

06:48 <stellar-slack> <meetreks> why would a bank want to use its own node

06:48 <stellar-slack> <meetreks> and provide consensus across the entire network

10:49 <sacarlson> meetreks banks and companies like snapswap are or would be gateways and would want to run nodes to allow faster transactions and more security

10:50 <sacarlson> and to improve the performance of the network

11:18 <stellar-slack> <meetreks> So basically, I build a mode to run stellar-core and the rest is automatically taken care by the software within stellar-core?

13:50 <sacarlson> meetreks I originaly tried to install stellar node I think stellard but failed to get it running due I think to the setup configs. I later found I didn't really need it for what I'm doing and it's more important to learn how to use it before installing a node

13:51 <sacarlson> the api to the local node is the same as that of the remote one I now use

16:16 <stellar-slack> <monsieurnicolas> an entity, like a bank could rely on another one for network access, but then it puts the bank in a weird situation where they put full trust that this other entity is not lying to them about balances etc. The bank can decide to run its own validation scheme (like compute hashes of transactions sets against headers or call many entities to come up with some consensus), but they would just be re-inventi

16:16 <stellar-slack> does (and probably with weaknesses).