STABILA: Creating a decentralized financial network

in stabila •  3 years ago 

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INTRODUCTION
Stabila is a Decentralized Autonomous Organization that works on making financial markets accountable for their actions. This is why it is transparent about all of the financial transactions that take place in its ecosystem, as well as why the trustless and secure nature of the #blockchain has been integrated into its operations. The code in this DAO platform is verifiable, immutable, and most importantly, autonomous since power lies solely with tokenholders who earn rewards on a daily basis through exchange of stake tokens.
Stabila has continued to become a more popular cryptocurrency thanks to their ability to provide opportunities for users that have previously seemed unattainable. For example, Stabila provides security and high-speed transaction capabilities that other cryptocurrencies do not provide, thereby assuring the future of Stabila's coin in the long run. This makes all future crypto trading using #Stabila's token to be faster and more user-friendly. By way of this accessibility, Stabila is being recognized as a viable alternative to Ethereum when it comes to #blockchain development.

Stabila makes it possible for people to make use of the outsourcing industry and make some money from anywhere in the world. The team behind this ambitious project is making it possible to take advantage of an industry that has been growing with each passing year! Regardless of where your business is based or where you are based, #Stabila enables anyone around the world to realize he or she can make use of their time by engaging in projects that will pay them daily by using smart contracts through our platform! It’s truly a token that allows users to create what they need. This is why we like to call it revolutionary, as this project got started after thinking outside the box.

The STABILA #Blockchain Protocol is a fast, efficient and groundbreaking way of giving both investors and owners quick access to the kind of asset-backed investments they might be interested in. As a secure online marketplace for buying, selling and trading investment products that are unavailable through traditional channels, brand new players are welcomed to the world of tomorrow’s financial tools in order to ensure the online future for their investments or simply just to educate themselves about ways to make money.

The STABILA Blockchain Protocol is a revolutionary platform bringing both investors and traders together in one ecosystem so they can interact with each other and enjoy the kind of asset-backed investments that don't generally come so readily to those that aren’t in the know. As a secure online marketplace for buying, selling and trading investment products that are unavailable through traditional channels, it enables fresh players to invest how they want through new financial tools for the online future – all to ensure their money doesn’t sit idly by or go to waste if not invested properly or harvested decisively.

Stabila hosts many different events to help support the transparency of financial transactions and long term investing strategies in #Stabila's niche market.

THE FEATURES OF STABILA
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.

STABILA ARCHITECTURE
The #STABLA platform is a #decentralized network for shared services. It uses three architectures – Google Protocol Buffer, Ethereum Consensus Layer, and an Application Layer - to create a multidimensional system that cuts out unnecessary intermediaries from transactions in supply chains and customer relations. It allows distributors to have direct contact with manufacturers at every step in the process of choosing, ordering, and using products

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CONSENSUS
STABILA uses delegated proof of stake which relies on executives and Governors. There are 21 Executive Governors in #STABILA, who handle the creation of blocks. Account holders can delegate their voting power to any one of them by converting their unvested balance into vested cryptocurrency tokens. Having done this, customers can trade their tokens for someone else's vested token and thus vote for that person as an Executive Governor during election periods scheduled every six months. The highest voter will become the new Executive Governor after a multi-step verification procedure is completed.
One of the most exciting new cryptocurrency advancements is a process known as "Proof Of Stake." The advantage of this technology is that it helps responsible participants to help validate each new transaction block within the network. This particular strategy helps all type of currency systems are open, democratic and #decentralized by allowing anyone with tokens at stake to all be eligible.

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 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

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.

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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.

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

  1. A contract account is basically a smart account that's been established by an ordinary account and can also be activated by one.
  • 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
  • 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.
  1. An SRC10 token is stored in a token account.
  2. Normal transaction is handled through a regular account.

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. 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.
  2. Normal transactions with regular bandwidth use cost bandwidth points.
  3. There is no charge for any query - it costs neither UCR nor bandwidth.
    DECENTRALIZED EXCHANGE
    A #decentralized exchange is made up of multiple trading pairs. In each pairing, you're able to trade a SRC10 token with #STB or any other SRC10 token out there. So, for instance, if you wanted to exchange one of your SRC10 tokens for another type of SRC 10 token, this is called a single pair (notation "Candlestick"). Similarly, if you were to trade your SRC10 token against #STB (or vice versa), this would be considered a single pair as well (notation "Candlestick"). Also note that any number of single pairs can exist within this structure.

TOKENOMICS
Max supply........30,000,000
Block producing Speed........3
Total supply......... 30,000,000
Consensus................ 15
Miners....................... 2
Circulating supply.... 20,000,000

CONCLUSION
The STABILA system lets anyone who has an account in our systems apply to become a member of the Executive Board. Every six hours, we take a look at who the Block Creators are, and remove them if they've broken any laws or acted maliciously toward other members. We check up on these people once a week to ensure that they're being honest with us. There is a one-time fee associated with joining the board, and of course it's refundable when you leave your position on the board as well.
Every STABILA network account (also referred to as an “STAB”) is given a voting weight of 1. To acquire additional voting power, the STAB must first deposit some Cured Diamonds on the exchange by exchanging them for original diamonds. The amount of new voting power gained will therefore be equal to the value of CDed STB deposited in exchange for STO. Once that voting power has been acquired, it may be used to vote on any issue allowed by our software's rules and procedures. If this account later loses the Cured Diamonds it gained through exchange, all of its remaining voting power will be automatically transferred into proprietary currency called "STU". From this point onwards, this account's voting rights are worthless until it re-deposits enough Cured Diamonds to regain a 1 weight once more. As you can see, these rules effectively incentivise our users to maintain ownership of enough original diamonds following each round so that they can participate in future votes when necessary.

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: Zumec
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3434507
Proof of Authentication: https://bitcointalk.org/index.php?topic=5379099.msg59046886#msg59046886
Telegram Username: @zumec20
STB Wallet Address: SjpNNHa6u3BPES5fJp8RdbnXS9CBDjC1sb

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