- Insolar’s TestNet set to increase the network’s transaction speed to go beyond 10,000 transactions per second
- The CEO of Insolar, Andrey Zhulin says the launch is right on schedule
- Insolar’s technical white paper to be released this month
On January 22, 2019, Insolar announced the launch of its TestNet that aims at increasing the platform’s transaction speed to up to more than 10,000 transactions per second. Along with this announcement, Insolar also gave the release date for its platform’s technical white paper, January 30th.
This news is a follow up of an announcement made on Dec 20, 2018, about the release date of the TestNet. The objective of the TestNet was to test scalability and the transaction speed of the network. The Insolar team stated that it is vital to examine the TestNet since it is a one of a kind technology that has never been deployed before, thus there’s no previous experience of its functionality. Insolar also urged its users to participate in the testing.
Insolar’s Lightning-fast Testnet
The CEO of Insolar, Andrey Zhulin said that launching of this TestNet is a significant milestone for the company which is in line with their aggressive development timeline. Additionally, he mentioned that the test net was robust, could support multiple node roles, and is an inspiring technological innovation where nodes increase performance.
The launch to come this fast is a great achievement for the company and thanks to its revolutionary architecture, Insolar fans around the world can now enjoy impressive speeds generated by the TestNet.
The revolutionary architecture delegates different roles to separate nodes as well as distributing processing tasks and storage efficiently among the nodes. Besides the impressive speed, Insolar’s TestNet, through its architecture, ensures cost efficiency, strengthened security, and allows companies to be able to process transactions for a longer time.
The Insolar nodes are divided into two – virtual and storage nodes. The storage nodes are further divided into light material nodes that are responsible for storing the recent history data and heavy material nodes which store partial ledger copies to increase security. Virtual nodes handle transactions and computing aspects of the network. Unlike other crypto platforms, computing and transaction tasks are not performed simultaneously, but instead, each smart contract is assigned to a single node.
The Upcoming Insolar Technical White Paper
The highly awaited technical white paper will be launched on January 30th and is a 70 – page document detailing the goals of the platform, its key features as well as the core technologies.
Technically, the paper will emphasize the enterprise-focused features of Insolar along with its many technical innovations. The chief architect of the project mentioned that the technical white paper would be available to a wide audience and comprehensive, outlining the many unique capabilities of the platform and their enterprise benefits to the real world.