Moneta Holdings has developed Stabila, a cryptocurrency and blockchain. Stabila software supports smart contract and decentralized apps (known in crypto community as DApps). This makes it a good platform for additional cryptocurrencies, in addition to the Stabila cryptocurrency coin central to the blockchains operation. Stabila's founder and CEO Daniel Varzari is the face of the company. He manages Stabila offices across Europe, Americas, and Asia Pacific. Varzari established Moneta Holdings St. Vincent and The Grenadines 2021. The company's business is Blockchain, Stablecoins and crypto to fiat crypto, decentralized-central crypto exchange, online financial institution, stock & commodity asset class, tokenization, and digital marketplace.
What is Stabila cryptocurrency (STB) Coin
The smallest unit in STB, UNIT, is just like Satoshi for Bitcoin.
1 STB = 1,000,000 UNIT
The STB Coin is introduced to the market by private sale at 85.0% of initial 20M supply in September 2021. The remaining 15.0% of Stabila coin stock is held by Moneta Holdings. STB was issued by the STABILA public network.
Special Features for Stabila
Stabila uses a delegated Proof-of-Stake system. This means that it consumes far less power than other currencies such as Bitcoin. Stabila's architecture allows the network to process far more transactions than proof-of work systems like Bitcoin. This is because it relies on a large network of cryptocurrency miners. This is not a minor improvement over larger, older cryptocurrency networks. Stabila's 2021 whitepaper claimed that its delegated proof of work mechanism enabled for 2,000 transactions per minute, compared to three for Bitcoin or 15 for Ethereum.
How to Mine Stabila
The public cannot mine Stabila coins directly. The consensus network relies instead on those who stake Stabila currency and maintain a balance in an eligible cryptocurrency wallet to mine blocks and verify transactions. The Governors are the users who can mine blocks. Stabila's delegated proof of stake system relies upon 79 Executives for verification and 21 Governors to create new blocks for the network. These members are selected based on reputation ranking and votes from STB coin holders. Every three seconds, a new block is generated on the Stabila public blockchain. Governors receive a certain amount STB for their mining efforts. The blockchain concept is still viable because it relies on a network decentralized computers. It uses far less electricity (and computers) than networks such as Bitcoin and Ethereum. Anyone can mine the blockchain, even with slow internet connections or old computers.
According to the Stabila IOS/Android wallet's website newsletter, Stabilaclick will be in production by 2021. It is important that users keep their passwords and access information safe and secure, as with all cryptocurrency wallets. A user may lose their wallet access or make a mistake while sending cryptocurrency. This could result in the user losing access to their STB, as well as any other Stabila-compatible assets.