STABILA: The future of financial system is decentralized

martinport (26)in #stabila • 2 years ago

INTRODUCTION
#STABILA is a platform designed with stability in mind. The #STABILA platform offers a public #blockchain service with high throughput, flexibility and reliability. Users can license various use cases from the platform, including anti-fraud ones to protect against legal or financial issues developing within their DApps. Not only does the platform offer these services for widely available viewing/use by any interested party, it also provides a #decentralized space for developers to work on DApps of their own creation. The platform has been designed in such an innovative way that it can deploy all of these #decentralized applications directly onto its own system.
#Stabila is dedicated to building a financial platform for the next generation. Their protocol gives investors the benefits of decentralization and will protect our clients’ digital assets at all costs. They have come up with an unprecedented solution that allows investors to be more flexible and reliable in their transactions and they are proud to be one of the most widely used cryptocurrency wallets on the market today.

STABILA ARCHITECTURE
#STABLA is an AI-powered #decentralized platform for shared services and products, making their utilization and interaction significantly simplier.
#STABLA is a three layer architecture. The first layer is the #STABILA protocol based on Google Protobuf, which allows multi language extension by default. The second layer is a consensus layer which defines the default transaction mode and ensures the network security. The final layer is the application layer, which defines the economic model, the consensus, and smart contracts which allow the ecosystem to grow.

STABILA VIRTUAL MACHINE
The SVM (svm) is a Turing complete virtual machine that is lightweight. The SVM is fully integrated into the current environment. It features a new machine register, the single-bit register, which allows operations between the CPU and RAM.
A virtual machine is a computer that emulates a physical computer. A virtual machine allows multiple operating systems to run on the same physical computer. The SVM provides the environment in which operating systems can be run.

DECENTRALIZED EXCHANGE
A #decentralized exchange is a cryptocurrency trading platform that is not run by any company or anyone. It is instead a network of users who interact with each other. What makes it a true #decentralized exchange is the fact that there is no single point of failure or control. The primary platform that the Stabila Network is built on and will run on is a #decentralized exchange. The decentralized exchange is built into the network as part of its architecture. There are several different components of this exchange. This blog will look at these components and how they work together.

CONSENSUS
Many new networks suggested the Proof of Stake (PoS) consensus technique. Token holders in PoS networks lock their token holdings in order for them to be able to produce blocks. The longer the period of token holdings being locked, the more opportunities a token holder will have to produce blocks. The more blocks a token holder produces, the more rewards that token holder will gain.
The STABILA consensus process incorporates a novel Delegated PoS approach in which 21 selected members called governors review and confirm the network’s transaction blocks. The network's members who hold CD accounts have the opportunity to select the governors, with the top 21 being selected by supermajority vote.

ACCOUNT
In the Stabila network, there are three different kinds of accounts. A) A normal transaction is handled through a regular account. B) An SRC10 token is stored in a token account. C) A contract account is basically a smart account that's been established by an ordinary account and can also be activated by one.
- Account Creation
There are three ways to create an account on the Stabila platform. The first is the easiest and fastest way and it only requires the user have some basic technical knowledge so they can use the API and create a new account through code. Additionally, it is also possible to move SRC10 tokens to an existing #STABILA address or send any SRC10 tokens to a new #STABILA address directly via your command line wallet, if you happen to prefer this method of creating an account.
- Private key and addres generation
An address and a private key can be used to create an offline key pair. The user address generation algorithm begins with the creation of a key pair, followed by the extraction of a public key, which is then incorporated into the #blockchain in order to complete a transaction.

TRANSACTION
#STABILA uses a typical elliptical curve domain (ECDSA) cryptographic system for transaction signatures. We currently have our choice of the SECP256K1 curve to use as our selection. The public key is a point on the elliptical curve, while the private key is a random number that is first multiplied by the base point of our elliptic curve equation to get our public key. This is done before any transactions take place for added security during application development execution. To start building a platform blockchain, we must first convert unprocessed information into byte format and then hash it using SHA 256 afterwards to lock things in place and make it all happen as required when implementing features into production.

BANDWIDTH
Smart contracts consume both bandwidth and units of conventional resources, while also consuming UCRs.
Users can earn bandwidth credits simply by generating deposits. These are contracts of deposit, which are listed and distributed by the #STB network. There is a limited number of free bandwidth points that can be accessed every day to help users pay their expenses. When an #STB transaction is broadcast, it's replicated across the Tokenbox and distributed as a byte array which includes information about the specific coin that has been transferred by its owner. The amount of bytes needed to store the transaction multiplied by the same number of bandwidth points required for one transaction equals daily max payout limits for such a currency network.

FEES
Most of the transactions you perform on the #STABILA network are free, but bandwidth usage is subject to costs owing to system constraints and fairness. 1. Normal transactions with regular bandwidth use cost bandwidth points. 2. Smart contracts that are not coded effectively for cheaper bandwidth can prove both expensive in UCR as well as requiring additional bandwidth points so that their transactions may be broadcasted and verified by other users. 3. There is no charge for any query - it costs neither UCR nor bandwidth.

STABILA VIRTUAL MACHINE
SVM is an acronym for #STABILA Virtual Machine, which is a fully virtualized machine. Its purpose is to create an efficient, convenient and reliable blockchain service. SVM was initially a fork of TRON TVM that works in tandem with the existing Solidity smart contract development environment. DPOS consensus is also supported by SVM. The notion of UCR (Unique Chain Register) is used in SVM because transactions and smart contracts executed on SVM are free of charge and no #STB is required. The compiler converts the Solidity smart contract into bytecode that SVM can read and execute accordingly.

SMART CONTRACT
Smart contracts are the most important instruments of #blockchain and the vision of the future. However, they are not perfect yet. Their main problem is that they cannot connect with the outer world, which makes them ineffective in many cases. To solve this problem, we are implementing parts of our platform on top of Ethereum .

TOKENOMICS
Total supply....... 30,000,000
Circulating supply...... 20,000,000
Block producing speed.... 3
Minners......... 21
Consensus....... 15
Max. Supply...... 30,000,000

CONCLUSION
#STABILA is a platform designed to take the best parts of #blockchain technology and fuse them with real-world industry concerns. Users are encouraged to participate through the process of running their own nodes, allowing them make judgements in real-time using the knowledge they have gathered. Nodes can then reach consensus on proposed changes which then becomes a #Blockchain via a deterministic consensus protocol.

PROJECT LINKS
Website: https://stabilascan.org/
Telegram: https://t.me/stabilastb
Whitepaper: https://stabilascan.org/static-pages/white-paper
ANN: https://bitcointalk.org/index.php?topic=5379020.msg58848428#msg58848428
Facebook: https://www.facebook.com/stabilacrypto
Twitter: https://twitter.com/moneta_holdings
Youtube: https://www.youtube.com/channel/UChFtE8tAVlkWGkFrUb-7KOQ
Reddit: https://www.reddit.com/r/moneta_holdings/
LinkedIn: https://www.linkedin.com/company/stabilacrypto
Instagram: https://www.instagram.com/monetaholdings/