Insolar Introduces Blockchain Testnet
Insolar has announced the launch of the testnet version of its blockchain protocol. The company also confirmed that their technical whitepaper will be published at the end of the month.
The introduction of the Insolar testnet was surprising because the firm has been in existence for barely eight weeks. Its standout feature is the rapid processing of transactions. In fact, it can handle a minimum of 10,000 transactions per second. These speeds are achieved by designating specific roles to nodes.
Andrey Zhulin, the CEO of Insolar, said that the deployment of the testnet is a significant step in the company’s development roadmap. He added that the testnet will demonstrate how linear scalability techniques can be used to improve scaling on blockchain networks.
The technical whitepaper will explain the objectives, features and technologies used in the development of the Insolar blockchain protocol. The most anticipated subject is the Insolar Node Architecture, the mechanism that enables blockchains to scale linearly. This technology is also cost-effective, secure and allows clients to process multiple blocks on-chain. According to whitepaper’s author, the document will explain the applicability of Insolar blockchain solutions in real-world situations.
How The Insolar Node Architecture Works
The architecture classes nodes into two categories; virtual nodes and storage nodes. The role of the virtual nodes is processing transactions. To improve network scalability, each virtual node handles a specific transaction.
Storage nodes, on the other hand, are divided into two classes, light material nodes (for storing recent history) and heavy material nodes (for storing partial duplicates of the blockchain ledger).