Stabila Creates An Ecosystem Where Financial System is Decentralized To Allow Users Manage Financial Tools Themselves

ebewah (29)in #stabila • 3 years ago

Introduction :
This project has committed itself to creating an ecosystem where financial system is decentralized enough to allow users manage financial tools themselves, giving them control over what would have been the role of a middleman. The dApps available in the stabila space will assist the users by preventing any attacks against the system and minimizing risks that users might face.

Why is stabila unique?
Stabila is quite a unique cryptocurrency because its goals and ambitions are quite different from the rest of the crowd #Stabila. Its features alone show that the platform has future and lasting plans for the users of their platform. Stabila doesn't have any charge for transaction fees. Not only that, stabila network can support as many as 2,000 transactions per second.
Users who hold and stake and hold the Stabila coin(STB) have a chance to partake in the Executives' voting process #STB.

Why is stabila valuable?
The most exciting and valuable benefit of using stabila is the fact that users from all over the world can use it to gain access to financial instruments.
Stabila is a part of the leading projects that people refer to as web 3.0 #Stabila. The main aim of the web 3.0 is to create an environment where anybody can use the internet freely and in a decentralized way. This new network will also feature real-time benefits.
From a developer's point of view, stabila is the real deal because it is being built in a way to accept high-level language in their smart contracts. In the future, developers will be able to use any programming language to develop on stabila's open-software design.

Stabila Virtual Machine
The SVM (svm) is a Turing complete virtual machine that is lightweight. The SVM is fully integrated into the current environment. It features a new machine register, the single-bit register, which allows operations between the CPU and RAM.
A virtual machine is a computer that emulates a physical computer. A virtual machine allows multiple operating systems to run on the same physical computer. The SVM provides the environment in which operating systems can be run.

Decentralized Exchange
A #decentralized exchange is a cryptocurrency trading platform that is not run by any company or anyone. It is instead a network of users who interact with each other. What makes it a true #decentralized exchange is the fact that there is no single point of failure or control. The primary platform that the Stabila Network is built on and will run on is a #decentralized exchange. The decentralized exchange is built into the network as part of its architecture. There are several different components of this exchange. This blog will look at these components and how they work together.

Stabila coin(STB)
The main token of stabila is the STB, and users can not only use it to vote on the platform but also hold and stake it #STB. Users will earn profits when the value of STB increases in the market. The maximum supply of the token is 30,000,000 STB, and it's circulating supply is 20,000,000 STB. Just like bitcoin, it is a unit of value, with its smallest unit called Unit. 1,000,000 Unit makes up 1 STB #STB. STB was introduced into the market in September 2021 through private sale of 85% of the initial supply of STB. Moneta Holdings will hold 15% of it.
How to mine stabila
STB cannot be directly mined by the public. But, the DPoS consensus requires users who stake STB while maintaining an amount of STB in an authorized crypto wallet to mine blocks and authorize transactions. The block miners will be called Governors. The platform's DPoS makes use of 79 Executives who will verify transactions and 21 Governors that will create blocks. Governors are usually selected through a voting process through STB, and the highest of all votes are picked in order #STB. The stabila network creates a new block in three seconds, and the 21 Governors are rewarded in return. As we know, the concept of mining still involves blockchain technology since it involves a network of decentralized computers #Blockchain. However, it uses fewer computers to mine unlike in networks like Bitcoin and Ethereum where there is a need for a good number of updated and fast computers to mine.