Topic: 🚀 [ANN] Stabila Public Chain (STB) | Decentralize the financial system. 🚀 - page 4. (Read 2112 times)

Thank you. I can say your question is essential in the sense of signaling genuine, meaningful, and necessarily-ongoing inquiries. These are grapple-worthy, substantive questions that not only require wrestling with but are worth wrestling with, that could lead users to some critical insight.

"So the big question is what will make new projects to use stabila instead of the rest alternatives, sol, polygon, polkadot, avalanch, tron already provide cheap transaction fees and good service, what is different with stabila network."

First of all, it is people's choice. Why have to choose from many yogurts if there is greek yogurt. Why have to choose from many brands when there is one initial brand?

Now talking about brands. Every brand distinguishes itself with certain elements like quality, style, price, etc...
  
The Solana blockchain has suffered an outage for the third time in a matter of months. It is unclear whether the issue was a simple network failure because of high traffic or collapsed because of hackers' distributed denial of service (DDoS) attack. Reports indicate other developers are dissatisfied with the drop in confidence Solana's repeated glitches have caused, complaining of a lack of transparency at the decision-making and at protocol developers' group Solana Labs and expressing frustration that new problems keep appearing. Words like "reboot," "downtime," "transaction failure," and "hard restart" generate terrible press and are not the ones people want to see as they are prepared to inject millions of dollars into a relatively new, fast-growing blockchain financial system.

Ethereum has many problems, and apparently, they will be fixing those problems over six years. They will not recover as their system is old, heavy, and not fit to change. Vitalik Buterin considers the personnel working with Ethereum as a bigger problem than the actual software, as he stated in a recent interview. While the personnel working on the project may or may not be problematic, it is undoubtedly not the only shortcoming. The new rollout and software upgrades will not solve the long-term problems plaguing the network from reaching leadership again. They will slowly fade away, the same as Polaroid did some time ago.

The whole Plkadot ecosystem revolves around money. Those who have more money (DOT) control everything in this blockchain. Ultimately many support the theory - it will fail.

Avalanche has its issues like transactions may be delayed if validators do not agree on the status. There is no liveness guarantee where conflicting transactions are concerned.

Tron is printing TRX out of thin air, worse than Federal Reserve does lately. TRX is minted out of nowhere, and the chain is not decentralized; versa, it is under totalitarian control. It is a dangerous game for its supporters or users.

Finally, the fraud on these blockchains is epic. Moreover, no one seems to have an interest in stopping that. It just raises questions about the actual stuff going on behind the scenes.

Stabila niche choice is :
Fraud & Scam Free
Financial Instruments

And Yes, I do agree Stabila needs a proper record and should not compare to ethereum until stabila has been able to prove it can provide all these services and handle them smoothly. The comparison was based on Stabila tests. Nevertheless, let us wait for the Defi ecosystem to be deployed in the nearest future. We shall get the answers very soon.  



Up to now, we are on time with our roadmap. I feel there is a lot of development going on right now and things may get complicated. If we will fall off track we will readjust the roadmap. 

Comparing stabila network with ethereum network won't give a proper record until stabila has been able to prove it can provide all these services and handle them smoothly as mentioned in the whitepaper, stabila has no projects in its ecosystem yet so it is possible it can process such high transaction per second compare to eth that has thousands of projects using the smart contract,
So the big question is what will make new projects to use stabila instead of the rest alternatives, sol, polygon, polkadot, avalanch, tron already provide cheap transaction fees and good service, what is different with stabila network.

Just go to your wallet and press Buy Stb button. You will be guided by the process. Can buy for BTC, ETH, USDT. Please make sure you fill in the address you will pay from. After payment and confirmation, your account will be credited with the respective amount of Stabila. It's easy. Ethereum and BTC confirmations make take longer, just have patience, otherwise, the process is automatic. You will get notified by email. In case of issues, there is a ticket system in place.



To start with mining you need to become an executive. Download our wallet-cli and apply for an executive. Now is rather expensive to apply for an executive. It is 1000 STB. In the nearest future this setting may be lower by governors, so it will be rather accessible to the larger public.


gRPC is a modern, open-source, high-performance remote procedure call (RPC) framework that can run anywhere. gRPC enables client and server applications to communicate transparently and simplifies the building of connected systems.

No limits on sending Stabila. STB is not based on TRX link)

A bit of patience. We list in February 2022 when users will be able to trade STB.
If you want to buy now the only place is buying from other Stabila holders or from Stabila web wallet at https://stabilascan.org/

https://bitcointalksearch.org/topic/50-zoom-airdrop-stabila-blockchain-25000000-5379099

Have you looked in the website footer where usually relevant information is placed?


Here is the link: https://stabilascan.org/static-pages/white-paper

You can deposit STB in custodian smart contracts and be issued stablecoins of the country of your choice.
You can make payments with STB. STB appreciation is something everybody expects.
STB Long-term Contracts of deposits are being discussed. 3,6,9,12 months. Can not elaborate on exact rates but probably above current banking rates. 

 

Reward = reward of 0.22 STB per produced block. You have to stake STB to become Governor. It's not that easy. Governor is liable for any bad acting with his STB stake. Governor can not claim his reward and stake unless he is resigning. The rewards in subsequent years will diminish greatly as there is only 10 mln STB for mining.

Price is not easy to control. In private-sale, it was easy, when Stabila started at $1.
However, when coin offering started, an algorithm was set in place, if the demand is growing the price will grow with it. If the demand is low, the price will go down.
The project subscriber list started in 2020. In 24 months we amassed a list of nearly 70000 interested individuals. At this stage, about 6300 people were served from this list only. Still serving our waiting list.
Last week we have opened Buy STB in the wallet as many people were asking for this feature. The policy is not to allow whales and big concentrations so the basic rule is one can buy under 1000 STB only.
By mid-February, we hope to finish with placements so there is no more concentrated STB and open trading so algorithmic-based pricing is transferred to market-based. If we were to compare to other mainstream cryptos, the Stabila price is very low and most probably will appreciate as more people want to get out of ETH and BTC. I am saying that because most of our users pay with BTC and ETH.     

We have started with 17 Servers, now there are 25. Slowly growing. Anyone can become an Executive.

Only STB holders can vote for Governors, so it's not for us to decide. If you hold STB then you decide who is leading the mining.

We are looking for our share of the networks that initially was 15% pool from in circulation supply. At this stage, we do have 4 servers on the Governors list.  

If this 21 Executives control a big chunk of reward isn't it dangerous to the growth of this project! They have the power to influence the stabila price as they want, and how to know these are not team members?
And why the price already so high when it is not listed in any exchange yet, what determines the price now?

Listing in February 2022. Tg: @stabilastb

Stabila mining is supported by the first 100 Executives at this time. If the committee decides to change it through proposals at a later stage it will reflect in dynamic properties. The first 21 Executives are called Governors and they do the actual mining and respectively they share the biggest chunk of mining rewards.  The rest 79 Executives are controllers and share a smaller amount but are still economically incentivized. Applying for an Executive position costs 1000 STB. Governors are elected from Executives by Stabila holders through voting.

Ethereum is one of Stabila's competitors. Ethereum has many problems, and apparently, they will be fixing those problems over six years. They will not recover as their system is old, heavy, and not fit to change. Vitalik Buterin considers the personnel working with Ethereum as a bigger problem than the actual software, as he stated in a recent interview. While the personnel working on the project may or may not be problematic, it is undoubtedly not the only shortcoming. The new rollout and software upgrades will not solve the long-term problems plaguing the network from reaching leadership again. They will slowly fade away, as Polaroid did some time ago.

Stabila is a decontaminated, upgraded, lightweight and scalable platform that does exactly what ethereum does. Stabila has its network of nodes, governance, smart contracts, and the latest 0.8.0 Stabila solidity compiler supports Stabila smart contracts environment. If ethereum is Mercedes, Stabila is like Brabus.

Looking at the white paper, one can see the following:

STB
STB stands for Stabila, which is the official cryptocurrency of STABILA PUBLIC CHAIN. (*like ETH on ethereum)

UNIT
UNIT is the smallest unit of STB. 1 STB = 1,000,000 UNIT. (*like satoshis in BTC)

Units of Conventional Resources(UCR)
Each command of smart contract consumes system resources while running, we use 'UCR' as the unit of the consumption of the resource. (*like gas on ethereum)

Thank you for responding well.
After I looked at your white paper, it looks like you created 3 tokens: STB, UNIT, and UCR, each with different uses. please correct me if i'm wrong.
Why don't you just create 1 token with more uses?
And What is the total supply of UCR tokens and Units?

There are not so many networks actually. Let me name them:
1. Bitcoin
2. Ethereum
3. Solana
4. Cardano
5. Polkadot
6. Avalanche
7. Algorand
8. Cosmos
9. Tron
10. Hedera
11. Elrond
12. Tezos
13. EOS
14. Stabila

All these networks are specialized and have their advantages and disadvantages. In my opinion, most of the networks lack a vector or a direction. Basically, they just go with the flow.
Let me put it in 3 points:
-We can do everything but actually not doing enough or not bringing value for their communities.
-Trying to outpace each other in TPS) That is the last nonsense. Any blockchain now can process 1000-2000 transactions per second. In my opinion, a TPS bigger than 300-500 will never happen unless it is rigged.
-Anywhere signals of bad acting. One may get the impression 99% is all about this. Pumps and dumps, useless tokens, useless promises, deceit, scams, fraud...  Bad image.

Stabila choice is to position very close to the following niches:
1. fraud/scam free
2. financial instruments

Stabila team is present 24H.
Support and development of the ecosystem are ongoing and we roll out more and more instruments.
In February will launch a whole Financial ecosystem on the Stabila blockchain.

The blockchain industry is in the process of maturing and Stabila wants to bring a matured product to its community.  

STABILA network has 4 types of resources: Bandwidth, CPU, Storage, and RAM.

We grouped the above into two resource conceptions: Bandwidth points and UCR.

Bandwidth Point represents Bandwidth, UCR represents CPU and Storage.
Ordinary transaction only consumes Bandwidth points. That is why ordinary transactions are free. Basically transferring STB is free.
Smart contract-related transactions consume Bandwidth and UCR.
Each command of smart contract consumes system resources while running, we use 'UCR' = the unit of the consumption of the resource.
For more in-depth on the model please see our documentation at https://stabilaprotocol.github.io/documentation-en/mechanism-algorithm/resource/

Smart Contracts will be activated in February 2022 by Stabila Governing bodies. We are awaiting an SVM Version upgrade to V.2.
The charge on smart contract deployment is currently pending approval by Committee and the proposal is 500 or  1000 STB. I will update you when a final decision is made.
FX oracles are licensed smart contracts that update and feed exchange rates to the ecosystem. 

SRC-10 is a system contract and has no smart contract capability. Asset tokenization is made through SRC-21, which is an actual smart contract. SRC-10 and SRC-21 are part of SVM [Stabila Virtual Machine]. So there is no SRC-10 network. We are a blockchain like any other (ETH, CARDANO, BITCOIN).

We are in talks with other exchanges, and the listing announcement will follow in Feb.

A user can transfer assets from one network to another himself. He does not need participation from other exchanges or anyone else. Our blockchain supports Oracles so that smart contracts can talk to the internet. There is no need for brokers.

Fees: Stabila STB transfers are free. Settings and transaction byte-size define contract triggers fees. An average smart contract transaction fee is under the $0.2 mark.