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
Insolar is building an open source, enterprise-grade blockchain platform that uses distributed trust to enable seamless interactions between companies and unlock new growth opportunities. Insolar’s 4th generation architecture, which blends the best of cloud, blockchain, and distributed tech, creates cost efficiencies, opens new revenue streams, and powers transformative business models; it is secure, scalable, interoperable, affordable, and easily deployed.
In addition to the platform, Insolar offers full-service blockchain consulting and product development to accelerate companies from proof-of-concept to production. Insolar is ranked #1 among blockchain projects worldwide in development activity, according to GitHub commits and independently verified by Cryptomiso and Coincodecap according to Cryptomiso. It is a global team of 60+ people in North America and Europe, including 35 full-time engineers, 10 leading blockchain academics from major institutions (York University, ETH Zurich, Princeton), and a founding team of serial tech entrepreneurs and enterprise veterans.
Disclosure: This article includes a client of an ESPACIO portfolio company
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