STABILA - Decentralize The Financial System

INTRODUCTION

STABILA is a project focused on creating a decentralized financial system for everyone. STABILA Protocol provides a public blockchain service with high throughput,flexibility and reliability. All of the #Decentralized Applications (DApps) in the STABILA Space are licensed to counter fraud and minimize risk for its users by using smart contracts.

THE ARCHITECTURE OF STABILA here are three layers of STABILA architecture, namely storage, core and application. In the company’s structure all these components are unique and cannot be combined, which means there is no startup kit or platform you can use to build your own
decentralized application. The most difficult task is to learn how it works inside out before starting the development process. So far we only use Google protocol buffers for the STABILA protocol. But it also allows multi language extension by default, which is a plus if we want developers to expand the functionality of our protocol itself in any independent language they know. I would like you to find more information about this protocol in order not to make any mistakes while developing our project.

STABILA Virtual Machine (SVM)

In the current world of technology, it is imperative that you make sure your company’s product incorporates the latest in virtual machine technology. The SVM is a very lightweight virtual machine and has been fully integrated to the current environment which means that it's highly responsive to data.

DECETRALISED EXCHANGE (DEX)

Decentralized Exchanged Exchange feature of the application code is implemented in SRC-10 tokenization platform. Dependent on specific trading pairings, cross-trading between different numbers of coins can create a decentralized exchange. A trade that takes place between two different pairs of coins (a combination of 2 to 3 or 4 separate currency values) is referred to as an exchange.

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 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.

CONSENSUS

Delegated proof of stake

Many new networks suggested the proof of stake (POS) consensus technique. POS stands for "proof of stake" which involves cryptoasset owners or stakeholders locking up their tokens in order to secure the network. The people who stake their assets, also known as validators, then vote on potential future blocks and add them to the#blockchainonce it has been validated. In many POS systems, these validators get rewarded with fees taken from each transaction that they validate plus a block reward.

The STABILA consensus protocol allows stakeholders to elect 'Governors' who will act as block validators on the network. Delegated Proof of Stake (DPOS) is employed by the protocol in which 21 fully confirmed stakeholder accounts are voted to validate blocks every 3 seconds. The Governosrs are voted by the stakeholders who have the opportunity to become a Governor at any time. To stay a validated block-producer all Gs have one vote and must get more than half votes (i.e., 77 percent) to remain in that position. With each new selection, previous Executives lose their positions and have return power as Ordinary Account members where they can restart their climbing of votes/rankings on the network as another citizen account member with economic value / stake.

Account Creation

A STABILA account can be created in one of three ways:

Use the API to create a new account.
Move STB to a different address.
Send any SRC-10 tokens to a new address.

ACCOUNT

There are three types of accounts in STABILA network.

Standard transactions are handled using regular accounts.
SRC-10 tokens are stored in token accounts.
Contract accounts are basically smart accounts that are established by ordinary accounts and can also be activated by them.

PRIVATE AND ADDRESS GENERATION

An address (public key) and a private key is important for the creation of an offline key pair. To start, the user address algorithm input is made for the potential user address generation process to start with the generation of a key pair, followed by the extraction processes when using the public key. This can be described as a 64-(byte byte array representing x, y coordinates)

Extract the final 20 bytes of the hashed public key using the SHA3-256 function (the SHA3 protocol used is KECCAK-256). The initial address length should be 21 bytes, and 3F should be appended to the start of the byte array.

Use the SHA3-256 algorithm to hash the address twice and use the first four bytes as a verification code. You may acquire the address in base58check format by attaching the authentication code to the end of the initial address and encoding it with base58.
The first character of an encoded Stabila Mainnet address is S, and it is 34 bytes long

PRIVATE AND ADDRESS GENERATION

Extract the final 20 bytes of the hashed public key using the SHA3-256 function (the SHA3 protocol used is KECCAK-256). The initial address length should be 21 bytes, and 3F should be appended to the start of the byte array.

Use the SHA3-256 algorithm to hash the address twice and use the first four bytes as a verification code. You may acquire the address in base58check format by attaching the authentication code to the end of the initial address and encoding it with base58.
The first character of an encoded Stabila Mainnet address is S, and it is 34 bytes long

TRANSACTION

STABILA uses ECDSA cryptography method with an SECP256K1 selection curve for transaction signature. The public key is a point on the elliptic curve, while the private key is a random number. To get a public key, first generate a random integer as a private key, and then multiply the private key by the base point of the elliptic curve to get the public key. When a transaction takes place, the unprocessed data is transformed into byte format first. The unprocessed data is subsequently hashed using SHA-256 algorithm.

BANDWIDTHusers 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 an STB
Smart contracts consume both UCR (units of conventional resources) and BP (bandwidth points), whereas ordinary transactions just consume bandwidth points.STB transaction is broadcast, it is transferred and stored across the network as a byte array. The amount of bytes in a transaction multiplied by the total bandwidth points rate equals the number of required bandwidth points for that transaction.

FEE

Most transactions on the STABILA network cost bandwidth points 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 UCR tokens paying for security deposits and for making sure no one will try to disrupt the operation or stop it without having paid a sufficient amount of UCR in charge. There are no network fees involved in doing what needs to be done or sent over there so they're pretty fair and safe this way.

STABILA VIRTUAL MACHINE

SVM's name stands forservice. 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. STABILA Virtual Machine, which is a fully virtualized machine. Its mission is to create an efficient, secure and scalable blockchain

SMART CONTRACT

SVM is compatible with EVM and more standard virtual machines. This will help to expand the capacity limit of the Ethereum blockchain. Because of the potentially fraudulent nature of smart contracts, it is recommended that all users have licensing mechanisms before they can implement SVM.

SMART CONTRACT LICENSING

Smart Contracts do not come with associated assets and therefore lack asset backup proofing mechanisms. Smart contracts are also not capable of communicating with external parties. The suggested licensing model works effectively with only one asset-backed smart contract. This ensures that clients on the STABILA network will be safeguarded in the event that a smart contract owner is unable to keep up with his smart contract, which may happen from time to time as an organization carrying out operations on STABILA network has no obligation to work indefinitely.

TOKENOMICS

Circulating supply = 20,000,000
Total supply = 30,000,000
Block producing speed = 3
Miners = 21
Consensus = 15
Max. Supply = 30,000,000

CONCLUSION

STABILA is an ambitious project which has one main goal: to provide a completely decentralized and scalable blockchain which will be capable of working with built-in infrastructure that is not compatible with the main network. Their team is working on creating a system that can work with this infrastructure to enable its platform to have the same functionality as current financial networks.

PROJECT LINKS