STABILA - A Decentralize the Financial System
Introduction
The demand for a shift in power from centralised to decentralised led to the creation of Bitcoin, also known as cryptocurrency. With the passage of time, we have seen the emergence of various virtual delivery systems, each with its own set of characteristics and capabilities. But, in a world full of cryptocurrencies, how do you know which ones are reliable? Which one has a lot of promise or is good for the future, and which one does not! This is a difficult nut to crack! So this post will highlight one such project that is still in its early stages but has the potential to make huge changes in the cryptocurrency world.
Let's look at Stabila!
What is Stabila?
STABILA is a project dedicated to decentralising the financial system. The STABILA Protocol is a public blockchain service that offers high throughput, flexibility, and dependability. The STABILA space's Decentralized Applications (DApps) are all licensed to combat fraud and reduce the risk for its users.
Features
A 3-layer architecture.
- Storage
- Core
- Application
The STABILA protocol is based on Google Protobuf, which allows multi-language extension by default.
STABILA Virtual Machine (SVM)
The SVM is a lightweight Turing complete virtual machine. The SVM is completely integrated into the present setup. Its goal is to develop a blockchain service that is efficient, convenient, dependable, secure, and scalable. SVM started as a fork of TRON TVM. SVM is compatible with Solidity's current smart contract development environment.
SVM also supports the DPoS consensus. In SVM, the concept of UCR is applied. Transactions and smart contract operations are free on SVM, and there is no need for an STB. The compiler turns the Solidity smart contract into a bytecode that can be read and executed by the SVM. The SVM then uses opcode to process data, which is similar to stack-based finite state machine logic.
An exchange that is not centralised (DEX)
The STABILA network has decentralised exchange functionality built-in. A decentralised exchange is made up of several trading pairs. A trading pair is a trade-off market between SRC-10 tokens or between an SRC-10 token and STB (notation "Exchange"). Any account can build a trading pair between any tokens.
The STABILA blockchain code was originally a derivative of TRON TVM and is developed in Java.
There are three types of accounts in the STABILA network.
- Regular accounts are used for standard transactions.
- Token accounts are used to store SRC-10 tokens.
- Contract accounts are smart accounts that are created by regular accounts and can be activated by them as well.
Creating an Account
There are three ways to create a STABILA account:
- Create a new account using the API.
- Relocate the STB to a new location.
- Transfer any remaining SRC-10 tokens to a new address.
The SVM's Compatibility
SVM is backwards compatible with EVM and will be compatible with additional standard virtual machines in the future. However, because smart contracts have the potential to be fraudulent, a licencing process is recommended before any user can build one.
Token & Tokenomics
Circulating Supply - 20,000,000
The number of STB coins that are publicly available and circulating in the market.
STABILA PUBLIC CHAIN 14
Max Supply 30,000,000
The maximum supply refers to the maximum number of STB coins that will be ever created.
Total Supply - 30,000,000
Total supply refers to the number of STB that currently exists and are either in circulation or locked for miners.
Block producing speed
3 Seconds per 1 block produced.
Miners/Governors
21 Block producing nodes.
Consensus - 15
67% of 21 governors to achieve consensus on producing next block.
1 STB = () Units - 1,000,000
UNIT is the smallest unit of STB
Roadmap
Jan 2021
Stabila [STB] Cryptocurrency/Coin development
Blockchain DPOS
Feb 2021
Moneta Exchange development.
Mar 2021
Stabila wallet is a digital storage service made for the holding of blockchain assets and carrying out its transactions.
June 2021
Moneta implementation of its own on-chain governance. Stabila blockchain, allows stakeholders to vote for network changes. Proof of Stake (PoS) concept. Stabila is a decentralized blockchain platform that is self-governing and establishes a true digital commonwealth. It is a platform linked to a digital coin, called Stabila or STB. Platform mining is the proof-of-stake consensus mechanism.
Sep 2021
Beta Closed Test. The software is capable of delivering value but is not ready to be used by everyone due to scaling ongoing development.
Oct 2021
Beta Open Test. Demonstrating the product to potential consumers, and testing among an extremely wide user base. Data Vault development launch.
Nov 2021
Genesis block. Genesis Block is the name of the first block of the Stabila chain. The Genesis Block forms the foundation of the entire Stabila trading system and is the prototype of all other blocks in the blockchain.
Jan 2022
Legislation and Compliances to specific Countries Regulations. Reserve system development. AML and KYC services integration. Custodian licenses.
Feb 2022
Moneta Exchange Launch. Executive committee announcement on Stabila [STB] listing. Smart contracts activation.
Mar 2022
Stablecoins integration and launch. Oracles settings. Custodian Launch. Reserve system deployment.
Jul 2022
Moneta asset tokenization system deployment.
Oct 2022
EMI license application and settings.
Dec 2022
[Fiat to Crypto]/[Crypto to fiat] service deployment.
Jan 2023
Securities Trading Marketplace deployment.
Team
Daniel Varzari
CEO
Igor Scovortov
CFO
Anastasia Kovaleva,
VP Asia
Conclusion
So Stabila looks like something great because of its blockchains, smart contracts and varied features which are provided by it. The project looks like a sure shot to invest right now as it has a large room to grow because of its early phase.
For more information
Website: https://stabilascan.org/
Whitepaper: https://stabilascan.org/static-pages/white-paper
ANN Thread: https://bitcointalk.org/index.php?topic=5379020.msg58848428#msg58848428
Bounty Thread: https://bitcointalk.org/index.php?topic=5379099.0
Telegram: https://t.me/stabilastb
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/
YouTube: https://www.youtube.com/channel/UChFtE8tAVlkWGkFrUb-7KOQ
Written by
K. Siva Arulmani
Bitcointalk Username: : @siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654