Insolar Launches Testnet 1.1 making it the most Scalable Enterprise Blockchain Platform

Enhancements have allowed the network throughput to increase to over 19,000 transactions per second on just 20 nodes

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Insolar, a global technology company building innovative public and private blockchain solutions, just launched the Testnet 1.1 of its blockchain platform by making use of external nodes in its network. A number of corporate and academic partners have already reserved their nodes, including several bluechip companies and top tier academic institutions. The Swiss technical University ETH Zurich and Toronto’s York University will be participating.

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The launch of the Testnet 1.1 coincides with recent improvements in the performance of the Insolar platform. The fixes and enhancements have allowed the network throughput to increase to over 19,000 transactions per second on just 20 nodes. As an example, Paypal can only handle 193 transactions per second.

Insolar, the company that calls itself the most secure, flexible and scalable blockchain for business, successfully launched its Testnet 1.0 in Juanuary this year, with a throughput of over 10,000 transactions per second on 20 nodes. During Testnet 1.0, all the participating nodes were hosted internally by Insolar.

Since Insolar’s platform is linearly scalable, each new active network node added to the network allows for the platform’s speed to increase. This makes the speed at which the platform can perform practically unlimited. The significance is decisive: in earlier generations of blockchain transaction speed typically becomes slower when more nodes join the network.

With its unrivaled scalability, Insolar has set a valuable milestone for achieving widespread enterprise adoption of blockchain, a technology which can revolutionize the way the world does business. Gartner predicts that in the near future, 20% of global economic infrastructure will be running on blockchain-based systems, which will add a colossal US $3.2 trillion in annual business value.

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Wieke Beenen

About Wieke Beenen

Writing has always been the red thread in my life. In the early 90's I attended the Journalism program at the School for Journalism in Utrecht and later the History and Journalism program at the RUG in Groningen. I spent a number of years working in the Caribbean boating industry as a first mate on several charter boats as well as in the island media writing about culture, flora and fauna. After moving back to the Netherlands I started my own translation business in 2005. After a short detour teaching kids English at several high schools, I'm now back doing what I like best, writing and editing content for Blockchain News.

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