The stabila platform has a big plan for decentralization of finance. It is a mainstream crypto secured by cryptography, which means it cannot be double-spent. It is decentralized and based on the proof-of-stake consensus. One important feature of the platform is that it is not owned by any central body, so no governing authority can control the movement and activities of stabila. Am extra logic layer is added to minimize manipulation and fraud on the platform #Blockchain. Many new platforms have proposed the use of the proof-of-stake network. Token possessors of STB lock their tokens, and they can now become block validators #STB. The block validators request and vote on the next block.
Just like Ethereum, Stabila has built its own dApps, wallet, and smart contracts. However, when it comes to supply, it is different from Ethereum because it has a limited supply of tokens. It also has plans to create more meaningful features for their ecosystem such as a trading platform. The total supply of Stabila coin(STB) is 30 million, and its circulating supply, 20 million #STB. What this means is that only 10 million of these stabila coins are left for miners.
Here is a brief history of stabila:
Stabila platform was officially founded in March 2019.
In February 2021, Moneta Holdings, an important name for stabila was built in St. Vincent and The Grenadines.
May 2021 featured Stabila opening its own open-source protocol.
In September 2021, stabila launched its own testnet and introduced its first web wallet.
In November 2021, stabila elected governors through users' votes.
That month, stabila launched its mainnet #Stabila.
In that same month, stabila's first block was created.
Governance
All accounts on stabila have the right to apply to become an Executive(E) #Stabila. If the votes favor them, they can simply become an executive. The first 21 executives will become Governors. Governors will have the right to create blocks. For better execution, votes are counted again, and the Governors are updated. Users are required to meet certain standards before they can become an Executive. This way, the platform can avoid unnecessary attacks. The users applying for Executive position will be charged 1000 STB from their account. They can then go ahead to apply for Governor position after they have passed the Executive stage.
Every 6 hours that the votes are counted, the top 79 Executives will share 78 STB amongst themselves. This reward is called Executive reward. It will be shared based on the highest of votes earned amongst the Executives.
The 79 Executives will earn 28,834 STB every year.
The 21 Executives who are called Governors(Gs) will share 1,596 STB mined every 6 hours #STB. This block incentive is also called Governor reward. It will be equally shared amongst the 21 Governors(Gs).
The 21 Governors will earn 2,330,657 STB every year. Note that every two years, the STB mining reward will be halved #STB. So, users who decide to participate in the interests of the platform will have Executive and Governor rewards to enjoy.
For More Information on Stabila Visit :
Website : https://stabilascan.org/
Telegram : https://t.me/stabilastb
Facebook : https://www.facebook.com/stabilacrypto
Twitter : https://twitter.com/moneta_holdings
Youtube : https://www.youtube.com/channel/UChFtE8tAVlkWGkFrUb-7KOQ
AUTHOR’S INFORMATIONS :
Bitcointalk Username : Lambaz
Bitcointalk profile link :
https://bitcointalk.org/index.php?action=profile;u=3395873
Stabila Wallet Address : ScRZWNcEGW89kDaemks6CFSU1m861U5hVs