STABILA: The future of financial services
INTRODUCTION
The blockchain is seen as the next big thing. Everybody is looking for a #blockchain that is not only scalable, but one that is not controlled by a single entity. #Stabila offers this potential.
The #STABILA [project](https://stabilascan.org/) is dedicated to #decentralizing the financial system by offering public blockchain services and technical support for high throughput, high scalability, and high availability for all #Decentralized Applications (DApps) in the #STABILA ecosystem.
#Stabila is a #decentralized #blockchain-based system that offers faster and more secure transactions with end-to-end encryption, compared to conventional transactions. #Stabila offers the potential for blockchains to be the foundation of an unstoppable and safe system.
THE STABILA ARCHITECTURE
The three layers that form the STABILA architecture are the Core Layer, Application Layer, and Storage Layer. The Core layer is responsible for maintaining core data such as financial transactions in addition to conducting advanced procedures such as incentivizing network [participation](https://www.facebook.com/stabilacrypto) by verifying all of the blocks contributed by miners. The Application layer processes and queries data from the Core Layer and hosts a marketplace where participants can exchange information pertaining to all kinds of products or services. The Storage Layer stores encrypted data on a #decentralized PKI which any app can connect with through an API.
DECETRALISED EXCHANGE
#Decentralized Exchanges are a type of platform which can be used to trade assets from one person to another without traditional intermediaries, like third-party brokers. You set your own rates on this type of exchange, and the trades happen in order without someone overseeing it or trying to take a cut of the profits. This way, you get fair pricing instead of being taken advantage of. For example, when trading real estate comes into play you want an exchange that isn’t going to charge exorbitant fees just because they think they can get away with it because you don’t have other options available to you. The only problem is that right now there aren’t too many #decentralized exchanges out there yet - which is why we developed the #STABILA #blockchain with #decentralized exchange features built-in so that people who use our technology can benefit from what we hope will someday become the norm in terms of how asset transfers are handled.
STABILA CONSENSUS
The #STABILA consensus protocol allows stakeholders to choose from 21 different validators who will act as block-generators on the network. This is a variant of proof-of-stake (PoS) where stakes are cast for different active players every 3 seconds in quick succession. The [Governosrs](https://www.linkedin.com/company/stabilacrypto) have been voted into their positions by stakeholders and may continue to vote in new potential holders at any time. To be continuously validated as a generator all Gs must get more than half votes which is 77% at that given stage.
ACCOUNT
There are three types of accounts in STABILA network.
1. Standard transactions are handled using regular accounts.
2. SRC-10 tokens are stored in token accounts.
3. Contract accounts are basically smart accounts that are established by
ordinary accounts and can also be activated by them.
Account Creation
A #STABILA account can be created in one of three ways:
1. Use the API to create a new account.
2. Move #STB to a different address.
3. Send any SRC-10 tokens to a new address.
TRANSACTION
#STABILA uses ECDSA cryptography method with an SECP256K1 selection curve for securing transactions. When a user or merchant initiates a transaction, the SHA-256 hashing function will be applied to the transaction details to ensure data is not tampered with. The public key is generated from the private key using elliptic curve mathematics with coordinates (x,y).
BANDWIDTH
Smart contracts consume both UCR (units of conventional resources) and BP (bandwidth points), whereas conventional transactions just consume bandwidth points. #STB users may earn bandwidth credits by generating Contracts of Deposits (CD). Every day, 500 free bandwidth points are accessible through the daily credit reward. For example, if a smart contract transaction is broadcasted, it is transferred and processed by the network in a byte array fashion. The amount of bytes in that transaction compared to the overall rate of bandwidth points will get you the many required bandwidth points for that specific transaction.
FEE
Most transactions over the #STABILA network cost UCR tokens because as with most networks, we want to make sure that all of our users are abiding by fair use practices. For example, if a certain transaction happens to use abnormally high amounts of bandwidth for its own good, then other transactions around it will start suffering which is not exclusive to the #STABILA network but any kind of data sharing network. Therefore, in order to keep the #STABILA ecosystem both safe and efficient, these kinds of smart contract transactions require STABILITY tokens.
STABILA VIRTUAL MACHINE
SVM’s name stands for #STABILA Virtual Machine, which is a fully virtualized machine. Its mission is to create an efficient, secure and scalable #blockchain service. SVM was initially a fork of TRON TVM. SVM works in tandem with the current Solidity smart contract development environment. DPOS consensus is also supported by SVM. On SVM, transaction and smart contract operations are free, and no #STB is used. The compiler converts the Solidity smart contract into bytecode that the SVM can read and execute.
SMART CONTRACT LICENSING
Smart contracts do not include original documents of assets. Smart contracts are separate documents and therefore lack papers proving the ownership of assets (assets are also not in possession of respective owners). Smart contracts have no capability to communicate with third party connections. It is highly recommended that there should be a licensing model in place to ensure clients on the STABILA platform will be protected from missing smart contract collateral.
TOKENOMICS
Total supply....... 30,000,000
Miners.............................21
Max. Supply.................30,000,000
Consensus................... 15
CONCLUSION
Every account in the #STABILA Network is eligible to apply and become a member of the community. Such an account can then participate in the governance (block creation) process if they are successfully voted into a position as a governor, who build up their reputation based on how consistently they follow functionality set rules. This Process occurs every six hours, when every governor who creates the missing blocks will have to re-apply in order to remain relevant, so that it doesn’t get centralized by only one person/party
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/
AUTHOR
Bitcointalk Username: Ulomaco
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3427515
Proof of Authentication: https://bitcointalk.org/index.php?topic=5379099.msg59049931#msg59049931
Telegram Username: @ulomaco
STB Wallet Address: SQAucyuEq68rzLwRi4fMDq7cavHnpP8fk6
