"The value of true crypto assets lies in its decentralization nature and its isolation from the financial system. "
Proof of Stake is the most probable direction for the future because it is truly decentralized, distributed, secure and ASIC resistant, thus rendering null the incentive for mass-mining, Stabila coin will remain in the control of the cryptocurrency owners, regardless of any exterior efforts to hijack or manipulate the blockchain.
Stabila aims to be the cryptocurrency for the people, enabling the coin holders to gain from its inherent model and from the range of financial instruments made available through Moneta ecosystem.
The main characterising element of Stabila crypto-asset is that it is not a claim on either an issuer or a custodian. However, its users attach value to it because they believe that:
i) its supply will remain limited, and
ii) market participants will agree on its price
Because every transaction published into the blockchain imposes on the network the cost of needing to download and verify it, there is a need for regulatory mechanism, typically involving transaction fees, to prevent abuse. Developing and maintaining the blockchain and it’s ecosystem is based on the support funds.
Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Stabila owned by a miner (Governor/Gs), the more mining power it has.
• With Proof of Stake (POS), Stabila Governors( miners) can mine or validate block transactions based on the amount of Stabila a miner holds.
• Proof of Stake (POS) was created as an alternative to Proof of Work (POW), which is the original consensus algorithm in Blockchain technology, used to confirm transactions and add new blocks to the chain.
• Proof of Work (POW) requires huge amounts of energy, with miners needing to sell their coins to ultimately foot the bill; Proof of Stake (PoS) gives mining power based on the percentage of coins held by a Governor(miner).
• Proof of Stake (POS) is seen as less risky in terms of the potential for Governors(miners) to attack the network, as it structures compensation in a way that makes an attack less advantageous for the miner.
Moneta wallet is a digital storage service made for the holding of blockchain assets and carrying out its transactions. To make all operations safe, Moneta wallets use public-key cryptography, which performs as an encrypted system that can be decrypted when the private key of a user matches with the public key of the wallet. Moneta wallets provide a specific list of functions: the storing of asset addresses and keys on the user’s computer, the transferring and receiving of assets both online and offline, the providing of information of completed transactions into the blockchain, the detailed history of transactions, and information about the current account balance. Moneta wallets exist as web services, applications.
Moneta implementation of its own on-chain governance. Moneta blockchain, allows stakeholders to vote for network changes. Proof of Stake (PoS) concept. Moneta is a decentralized blockchain platform that is self-governing and establishes a true digital commonwealth. It is a platform linked to a digital token, called Stabila or STB. The platform is not based on mining. Token holders get a reward for participating in the proof-of-stake consensus mechanism.
Genesis block. Genesis Block is the name of the first block of the Moneta chain. The Genesis Block forms the foundation of the entire Moneta trading system and is the prototype of all other blocks in the blockchain. Genesis Block will launch the process of Stabila and Moneta Ecosystem trading.