Enterprise blockchain platform Insolar today announced the official launch of its testnet, with minimum speeds of 10,000 transactions per second, the company is aiming to build one of the fastest enterprise blockchains. Alongside the launch of its testnet, Insolar also released its new technical white paper.
Insolar was previously known as INS Ecosystem. The team says, “While our principles have not changed, our vision has expanded. We aim to become the world’s leading blockchain tech company that powers innovative, transparent, and efficient business networks.”
Insolar’s testnet comes less than two months after the company was announced to the public. Its speed is the result of an advanced architecture that assigns different roles to nodes and distributes storage and processing tasks efficiently among them (see “Insolar Node Architecture Overview” below).
“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.
The technical white paper, will be a detailed 70-page document covering its platform goals, key features, and core technologies. The whitepaper will emphasize Insolar’s many technical innovations and enterprise-focused features.
“Insolar’s technical whitepaper will be both comprehensive and accessible to a wide audience,” says Insolar Chief Architect and white paper author Kirill Ivkushkin. “It will outline the platform’s many unique capabilities and their real-world enterprise benefits.”
Insolar Node Architecture Overview
- Insolar divides nodes into two groups: Virtual nodes (carrying out processing and validation) and Storage Nodes.
- Among Storage nodes, there are two divisions: Heavy Material nodes and Light Material nodes. Heavy Material nodes store partial copies of the entire ledger (partial for increased security) while Light Material nodes store recent history and are used for traffic within the network.
- Virtual nodes handle computing and transactions, but unlike other blockchain platforms, these tasks are not handled simultaneously. Instead, each smart contract is delegated to a single node. In this category, there are also Validator nodes, which approve transactions, and Pulsar nodes, which generate randomness every 1-10 seconds to prevent node collusion.
- The Insolar protocol applies numerous consensus algorithms, based primarily on BFT (Byzantine Fault Tolerance), but offers robust scalability.
- The Insolar testnet will include multiple node roles, including Virtual, Pulsar, and Storage, to mirror upcoming mainnet performance.