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Dev Docs

Blog Article

Protocol 15 Improvements

Author

Justin Rice

Publishing date

Protocol upgrade

Easier onboarding, for example

One way to picture how the new features work together: before Fee Bumps, Claimable Balances, and Sponsored Reserves, an app onboarding a new user faced some pretty difficult challenges. Typically, a wallet would explain the need for XLM, instruct a user to find a third-party exchange serving their jurisdiction to buy some, walk them through how to transfer that XLM to their wallet account, and go to great pains to help them understand how to maintain sufficient reserves to cover things like trustlines and offers. Each of those steps was pretty confusing for the non-crypto literate, so a lot of users would bail before ever really engaging with the app.

After Protocol 15, a wallet can offer in-app deposits via a Stellar anchor, who can accept a user's funds in their local currency and immediately create a Claimable Balance. The wallet can then cover lumen reserves and transaction fees on behalf of a user, so the user can start using the app pretty much immediately without knowing anything about blockchain or cryptocurrency. The user experience is seamless, and makes sense to crypto-enthusiast and the non-crypto literate alike.