Stabila - a blockchain-based smart contract platform that aims to support decentralized fintech applications and DApps
Hello all cryptocurrency lovers, back with my article, this time I want to review a very special project. I will review the Stabila Public Chain project aimed at decentralized finance and Dapps
Introduction
Blockchain is a digital technology today which is a development of crypto digital money such as bitcoin, ethereum, or other crypto digital assets. The benefits & functions of blockchain technology are not only crypto digital assets, but can be used for other sectors which are certainly related to digitalization technology. if understood correctly, blockchain is composed of 2 English words, block means a group and chain means chain. so the notion of blockchain is a technology with the use of calculations to make blocks connected to one another. the block is about observing a transaction to track the digital assets of the business network.
About Platfrom
Stabila Public Chain is a platform with smart contracts based on a blockchain digital network aimed at decentralized fintech applications, or DApps. and this network will be in stiff competition with the Ethereum and Bitcoin networks. The blockchain will be secured with a proof of owner system that will be delegated to make it a decentralized level for speed and efficiency. The network will be backed by its native utility token, STB, which is useful for payments, miner rewards, and system resources.
Stabila is made by industry Moneta Holdings. The Stabila system will use smart contracts & decentralized applications, and this will make the platform compatible with additional crypto digital assets. Stabila coin will be the transaction center of this blockchain.
Special features provided by Stabila Public Chain
Stabila builds systems with delegated proof of ownership, which means it will cost less than other digital assets like Bitcoin. The founders of Stabila created the Stabila network with the ability to serve multiple transactions that would be better than proof-of-work systems such as the Bitcoin digital asset, which depend solely on cryptocurrency miners.
In their whitepaper, Stabila states that it uses a proof-of-work mechanism that will be delegated to make 2,000 transactions per second, a far cry from other digital assets such as three for Bitcoin digital assets and 15 for Ethereum digital assets.
Wallet
Stabilaclick is the Stabila wallet on IOS/Android, which according to their website can be used by users by the end of 2021. As with other cryptocurrency digital wallets, it is important for users to be able to store their digital assets and user personal information in a digital wallet which is very safe. If the users & investors have lost their wallet passwords or mistransmitted digital assets to other users, then the users lose their access to the STB platform and their digital assets stored in their wallets.
Token
Similar to the small unit of Bitcoin called Satoshi, the small unit of STB is called UNIT.
1 STB = 1,000,000 UNITS.
Coin STB was launched into the digital asset trading market using a private sale of 85.0% of the total 20M supply in September 2021. Moneta Holdings owns the remaining 15.0% of the Stabila digital coin. The STB will be launched on the STABILA public chain network.
Conlusion
This project is great. That's because the Stabila team has been designing for five years for development on this platform and the development of this platform is still in the development stage to become the perfect platform. The goal is to provide an independent and safe system for users to use. Currently the platform is stable in Version 1, with a guarantee that it will create a licensed smart contract system so that users can use communication features on the internet, in February 2022.
For more information :
Website: https://stabilascan.org/
Telegram: https://t.me/stabila_stb
Twitter: https://twitter.com/moneta_holdings
Facebook: https://www.facebook.com/stabilacrypto
Linkedin: https://www.linkedin.com/company/stabilacrypto
Instagram: https://www.instagram.com/monetaholdings/
Reddit: https://www.reddit.com/r/moneta_holdings/