Enterprise blockchain platform Insolar is thrilled to announce the official launch of its testnet, which will validate its position as the world’s fastest enterprise blockchain platform, by an order of magnitude, with minimum speeds of 10,000 transactions per second.
Insolar’s testnet comes less than two months after the company was announced to the public. Its impressive speed is the result of a revolutionary architecture that assigns different roles to nodes and distributes storage and processing tasks efficiently among them.
“Insolar’s testnet launch is a major milestone in our aggressive development timeline,” says Insolar CEO Andrey Zhulin. “Our testnet is robust, supports multiple node roles, and will prove one of our most exciting tech innovations, linear scalability, whereby each new node increases performance proportionally.”
Beyond speed, Insolar’s unique architecture strengthens security, decreases costs, and gives companies the ability to process transactions longer than one block and large documents on-chain rather than off-chain.
Insolar Node Architecture Overview
Disclosure: This article includes a client of an ESPACIO portfolio company
2023 was a challenging time for many industries, yet growth and profitability in the consulting…
Conversational AI platform OpenFi has raised £500,000 in pre-seed funding round. Led by Bijan Morvaridi with additional…
Spain is an enduringly popular destination thanks to its culinary offerings, beautiful scenery and world-famous…
Most people don’t know that behind huge renewable energy projects lies a hidden cost—e-waste from…
The R&D funding arm of the US spy community, IARPA, is looking for "information on…
Our plastic problem is not going away. Despite years of environmental initiatives, we still produce…