General
What is Ethstable?
Ethstable is a permissioned, Ethereum-compatible blockchain built for secure, high-throughput settlement of digital representations of fiat currencies, commodities, and other financial assets. It’s designed for enterprises and financial institutions rather than retail or permissionless public use.
Who is Ethstable for?
Institutions, banks, payment institutions, custodians, commodity houses, corporates, and approved service providers — that need a controlled settlement environment for tokenized assets. Participation is not open to anonymous users.
How is Ethstable different from a public blockchain like Ethereum?
Ethstable uses the Ethereum Virtual Machine (EVM) and standards like ERC-20, so it works with familiar Ethereum tooling. But it is permissioned: every validator and user is a known, vetted entity that has passed onboarding and KYC/AML checks. There is no public mining or staking, and the network isn’t exposed to public cryptocurrency markets.
How is Ethstable different from a public blockchain like Ethereum?
Ethstable uses the Ethereum Virtual Machine (EVM) and standards like ERC-20, so it works with familiar Ethereum tooling. But it is permissioned: every validator and user is a known, vetted entity that has passed onboarding and KYC/AML checks. There is no public mining or staking, and the network isn’t exposed to public cryptocurrency markets.
Access & Participation
Who can join the network?
There are three primary roles: Validators (Authorities) who produce and seal blocks; Asset Sponsors/Issuers who originate tokenized assets; and Network Users who hold accounts and use tokens and smart contracts but don’t produce blocks. Auditors, regulators, and technical operators may have monitoring or governance access.
How do I get access?
All validators and users must complete onboarding and KYC/AML checks under the governance framework before participating. Contact the Ethstable consortium to begin the onboarding process.
Consensus & Performance
What consensus mechanism does Ethstable use?
Proof-of-Authority (PoA). A vetted set of validators with verified identities take turns proposing blocks in a deterministic order. Their right to validate comes from their identity and reputation, not from computing power or token stake.
Why Proof-of-Authority instead of Proof-of-Work or Proof-of-Stake?
For an enterprise setting, PoA offers predictable block times, high throughput, energy and cost efficiency (no mining), and accountability — validators are legally and reputationally answerable, and misbehavior can be sanctioned through governance.
How fast is settlement?
Blocks are produced on a slot-based schedule, and each block must be signed by its proposer and reach a configurable threshold of validator confirmations before it’s final. In typical configurations, finality is reached within a small number of blocks — on the order of seconds to tens of seconds.
What happens if a validator goes offline or misbehaves?
The network tolerates a portion of validators being offline as long as a majority behave correctly. Consensus contracts can detect double-signing, record misbehavior on-chain, and let governance suspend, rotate, or remove validators. These are backed by off-chain contractual and legal remedies.
Building on Ethstable
Can I use my existing Ethereum tools and contracts?
Yes. Ethstable is EVM-compatible and supports Solidity, common SDKs, and standard wallet libraries, so existing contracts can be ported and existing tooling reused with minimal friction.
Which token standards are supported?
ERC-20 for fungible tokens, with support for other standards such as ERC-721 and ERC-1155 where appropriate. Additional standards (e.g. ERC-777, ERC-4626) may be adopted as the ecosystem matures.
Is there a gas fee?
Yes — an ETH-like native gas unit is used purely for metering and fees within the network. It is not exposed to public cryptocurrency markets, and gas pricing and limits are set by the consortium for predictable costs.
Can smart contracts enforce compliance rules?
Yes. Contracts can embed logic such as whitelisting/blacklisting of counterparties, jurisdictional and transaction-limit rules based on KYC attributes, and conditional (delivery-versus-payment) settlement. Contracts can be audited and certified under consortium governance before production deployment.
Governance & Compliance
Who governs Ethstable?
A consortium of participating institutions. It manages validator admission/suspension/removal, network parameters (block time, gas limits, fees), protocol upgrades, and asset-onboarding standards, using on-chain voting contracts and codified procedures.
Privacy & Security
Who can see my transactions?
Ethstable is a permissioned ledger, so transaction data is visible to authorized participants. Additional privacy layers may be applied where needed — partitioned subnets/channels, selective disclosure and encryption of payloads with keys held by relevant counterparties and regulators, and privacy-preserving cryptography subject to regulatory approval.
How is the network secured?
The threat model covers external attacks, insider/compromised validators, and oracle manipulation. Mitigations include geographic and organizational validator diversity with node-level redundancy, hardened and regularly audited validator infrastructure, formal and external security audits of core protocol and critical contracts, and governance powers to suspend validators and deploy emergency patches. Regular security exercises and incident-response planning are part of consortium governance.
Scaling & Roadmap
Can Ethstable handle high transaction volumes?
PoA supports higher throughput and lower latency than Proof-of-Work. The network scales through high-capacity validator infrastructure, protocol tuning (block size, gas limits, block times), and application-level techniques like batching and netting with on-chain final settlement. Sharding or sidechain approaches may be introduced in future if a single chain’s capacity is exceeded.
What are common use cases?
Cross-border payments, treasury and cash management, tokenized deposits and money market instruments, and commodity financing.
What’s on the roadmap?
Potential items include expanded token-standard support and on-chain financial primitives, enhanced privacy and confidential transactions, more sophisticated oracle and attestation frameworks, additional identity/credentialing integrations, and progressive decentralization of governance.
