STABILA: An excellent currency choice for financial services to the unbanked and underbanked

INTRODUCTION

STABILA is a #decentralized blockchain protocol committed to reducing the strain of online fraud in e-commerce and minimizing risk for customers. As its name implies, one of the goals behind #STABILA is the #decentralization of more traditional [financialhttps://stabilascan.org/) systems so that they can be publically audited while being open to everyone. By creating an alternative form of structured finance, #STABILA allows users to interact with a digital economy. Stabila has a market cap of $345 million 

Stabila is #decentralized, meaning it works differently than fiat currencies which are all tied to one central bank. Due to this #decentralization, #Stabila is not at the mercy of a single economy, government or other influence.

We started out with an open-source default to make the financial system #decentralized. This protocol is designed to have high throughput, flexibility, and reliability. Built on top of the foundation are applications (dApps) and protocols which help stop fraud for their users and protect them from risk, allowing them to create all incentives for an even more successful path towards #decentralization for all.

#STB is an excellent currency choice for developing countries. It affords people that use it the ability to carry their [wealth](https://stabilascan.org/) with them in a way that can be stably measured by others, unlike other types of currency or income like stock or commodities. #STB is also a better inflation hedge than gold because it doesn't rely on physical attributes like gold does. Plus, it’s been around longer and has been proven a trustworthy means by which to navigate your financial situation while protecting against inflation.

THE STABILA FEATURES 

STABILA VIRTUAL MACHINE

Stabila Virtual Machine (SVM) is a fully virtualized #blockchain service created to provide users with a safe, convenient and efficient living environment with the latest in #Stabila series of virtual machines. The SVM currently supports DPoS consensus, transaction rewards, smart contract liquidity providers and other cash services (UCR). Users running the SVM delegate operate using three unalterable rules of conduct: - User Rewards - Prevent Transaction Faults - Decrease Type Errors These two concepts work together to create an agile machine that operates just as efficiently as it was programmed to.

SMART CONTRACT

​Stabila is a complete #blockchain driven #decentralized platform for shared services. Utilizing three layers, the #Stabila protocol has been created using Google Protocol Buffers, Ethereum’s Consensus Layer, and an application layer. It removes unnecessary intermediaries from [transactions](https://stabilascan.org/) in supply chains and customer relations. This means that users have direct contact with manufacturers at every step of choosing, ordering and using products. Additionally users have total control over the goods they wish to purchase or order through trust proxies like smart contracts.

DECENTRALIZED EXCHANGE

Stable Tokens are a part of the #Stabila Network. The token pairs on our #decentralized exchange consist of multiple different trading pairings. One type of pairing is referred to as an exchange because it involves one #STABILA network token (denoted as SRC) or a #STB paired up against another SRC network token or even SRC to #STABILA. The #STABILA blockchain code is written in Java and operates on the TRON TVM platform.

CONCENSUS

Many new networks have suggested the Proof of Stake (PoS) consensus technique. Token holders in PoS networks "lock up" their token holdings in order to transform them into block validators. The validators propose and vote on the next block in turn. One difficulty with traditional PoS is that validator power is proportional to the number of tokens that have been locked up. As a result, parties with huge amounts of the network's "basic currency" hold excessive power over the network ecosystem.

The STABILA Consensus Process employs a novel Delegated Proof of Stake approach in which network blocks are created by 21 elected Governors (Gs). Members who choose to enroll in the network by depositing their #STB account holdings have the opportunity to vote for a selection of executives, with executives known as Governors. The top 21 Governors consist of a Leader, Lieutenant and 20 Enablers.  The Leadership triumvirate is responsible for managing governance functions such as enacting amendments and conducting consensus voting initiatives on proposals listed within our Governance section, making decisions about project token allocations and kickstarting Treasury activities. All other Executive positions serve advisory roles that help the Leadership triad, including liaison positions with external parties.

TRANSACTION 

STABILA utilizes 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 in order to get our public key before any transactions take place for added security during development execution. To begin building a basic #blockchain platform we must first convert unprocessed information into byte format, and then hash it in order to ensure we keep private data secure at all times during application development

STABILA ARCHITECTURE

The STABLA platform is a #decentralized network for shared services. It uses multiple architectures - Google Protocol Buffer, Ethereum Consensus Layer, and an Application Layer - to create a multidimensional system that allows users to bypass unnecessary intermediaries involved in transactions at every step of the process when choosing, ordering or using products.

BANDWIDTH

Smart contracts can consume both bandwidth and conventional resources and also cost UCRs. However, you may be able to earn tokens for earning your own deposit. There are a limited number of tokens that can be accessed every day to help meet the costs. When #STB transactions are broadcast, they're replicated across the network and distributed as byte arrays which include information about the specific coin that has been transferred by its owner.

ACCOUNT

In the #Stabila network, there are three different kinds of accounts.

1. Normal transaction is handled through a regular account.

2. An SRC10 token is stored in a token account. 

3. 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

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.

 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. 

Normal transactions with regular bandwidth use cost bandwidth points.  There is no charge for any query - it costs neither UCR nor bandwidth.

TOKENOMICS

Max supply........30,000,000

Total supply......... 30,000,000

Consensus................ 15

Block producing Speed.................. 3

Miners....................... 2

Circulating supply.... 20,000,000

CONCLUSION

There are a number of requirements one must meet to become eligible for becoming an executive in the #STABILA Network. In order to apply for an executive position, a user must currently be ranked as having more than 10 000 POS blocks. The top 21 most commonly used accounts will be elected as governors, and they'll have power over block creation on the network. These power-users will need to make a deposit which will be refunded after they leave their active governing position with #STABILA tokens.

In order to access the system, users must pay a small amount of #STABILA. Your vote as a user will translate into real-world action so your preference should be given serious consideration by entrepreneurs and investors alike. The higher your number of votes, the more seriously you should be taken by those in the business who are looking for funding. If you aren’t part of closed-door meetings, however, don’t worry because you can always gain admittance after amassing enough people in your community behind you or spend some time to bring these people on board with you before participating in any formal discussions about funding for projects that may interest them. 

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: Martinport 

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3433564

Proof of Authentication: https://bitcointalk.org/index.php?topic=5379099.msg59098438#msg59098438

Telegram Username: @Martinport 

STB Wallet Address: SZT8GpWmfdPvqagY3YHudLxkh2eTEwCrMx