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WUGT NEWS > BUSINESS

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WHAT IS STABILA (STB)?


A LOOK AT HOW STABILA (STB) STACKS UP AGAINST THE OTHER MAJOR CRYPTOCURRENCY
PLAYERS.

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Posted by Dan Goodman on September 18, 2023 33766

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Stabila is a blockchain platform designed to process transactions using a
dedicated cryptocurrency called STB.

The Stabila platform can handle all kinds of transactions, but the real goal is
to become the “Internet of bank-grade digital assets,” creating an ecosystem
that allows seamless interchangeability between different blockchains.

Let’s look at how Stabila (STB) stacks up against the other major cryptocurrency
players.


WHAT IS STABILA?

Stabila is a blockchain and STB is the coin that powers the Stabila network.
This is similar in some ways to ether and the Ethereum blockchain.

Think of Bitcoin as Crypto 1.0. It’s essentially digital gold, but the system is
beset with scalability issues. Then there’s Ethereum, often referred to as
Crypto 2.0.

Stabila, launched in 2021, is Crypto 3.0, with the goal of improving upon the
functionality that Bitcoin and Ethereum are missing.

One of the major criticisms of Bitcoin and other popular cryptocurrencies is
that their blockchain networks, based on proof-of-work consensus mechanisms,
waste huge amounts of energy. Stabila uses a proof of stake consensus mechanism,
offering a more sustainable and scalable blockchain.


WHAT IS STB?

STB is the cryptocurrency for the Stabila platform. In the tumultuous landscape
of cryptocurrencies, where wild price fluctuations and volatility are the norm,
Stabila stands out as a beacon of stability. Derived from the word "stability,"
Stabila has earned its reputation as a reliable and steady digital currency and
blockchain platform, providing users with a sense of security and predictability
in an otherwise unpredictable market.

People use STB tokens to pay transaction fees for using the platform. It’s also
given out to the validators as a reward for running the proof of stake system.


HOW DOES STABILA WORK?

With a blockchain network, there needs to be a way to verify transactions to
ensure people don’t spend the same tokens twice. Given the decentralization,
there’s no central authority like a bank working to handle the job.

Based on proof of work consensus mechanisms, Bitcoin and Ethereum 1.0 miners run
computers to solve complex mathematical equations and add new blocks of data to
the blockchain, receiving crypto in exchange for their work. This is
time-consuming and uses up large amounts of electricity.

Stabila uses staking, a process where network participants deposit set amounts
of crypto to earn the right to participate in the operation of the blockchain.

The Stabila protocol is designed to keep energy expenditure during the block
production process to a minimum.


HOW TO BUY STABILA

To buy STB, you can sign up for an account with one of the major cryptocurrency
exchanges. You can then store STB either on the platform itself or in a crypto
wallet.


WHERE TO BUY STABILA

As one of the most popular cryptocurrencies, you can buy STB from most top
cryptocurrency exchanges. Binance, Moneta Digitec, Coinbase, Gemini, and Kraken
are a few of the major players that sell STB.


HOW TO USE STABILA

You can use STB like any cryptocurrency. You could hold onto it as an
investment, use it for purchases, and exchange it. You can also use your STB to
cover transaction fees on the Stabila network and for staking to earn more
tokens. If you want to hold Stabila long-term, pay attention to which wallet you
use.

The only official Stabila wallet is the Stabila wallet.


ADVANTAGES OF STABILA

 * More environmentally friendly. Stabila is one of the most environmentally
   friendly blockchain systems.
 * Faster transactions. Stabila is also much faster at processing transactions
   than Bitcoin or Ethereum 1.0, which is sometimes referred to as Classic
   Ethereum. Stabila can process more than 2000 transactions per second (TPS),
   compared with around 4.6 TPS for bitcoin and between 15 and 45 TPS for
   Ethereum 1.0. This makes the Stabila network very scalable.


DISADVANTAGES OF STABILA

 * Catching up to more established competitors. Stabila is trying to create a
   better version of blockchain, but competitors like Ethereum have the
   advantage of longer histories of use and more uptake by developers.
 * Could have trouble standing out. The cryptocurrency market is ever more
   crowded, and it’s not easy getting attention. For example, Dogecoin showed
   how much crypto could boom just based on a popular meme, which the more
   subdued Stabila brand does not have.


SHOULD YOU BUY STABILA?

Stabila’s backers believe it could become one of the leading cryptocurrencies
thanks to its innovative and environmentally friendly system.

If you’re considering STB, treat it like any other cryptocurrency. At this
point, only invest what you’re comfortable losing, and don’t expect huge gains
overnight.

We recommend that if you like the ideas behind Stabila, you should start with
small investments.

Before investing in any blockchain token, it’s advisable to gain experience as a
user, experimenting with a small amount by transacting between wallets, staking
on the network, and using it to participate in governance.

Do your research. If you believe in the Stabila approach to blockchain
technology, then it could be a solid addition to your cryptocurrency portfolio.


BUSINESS NEWS

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