Insolar Price (XNS)

Insolar is a platform that enables developers to embed trust in transactions, reducing business friction and unleashing economic potential. Insolar’s DLT platform allows to build and deploy highly scalable and secure applications that reduce business friction and unleash the economic potential of new ecosystems.

Insolar PaaS is a born-in-the-cloud reinvention of distributed ledger technology that allows developers to easily embed digital trust in transactions. The platform is layered and modular for flexibility, while high-level technological and business frameworks are built into the architecture.

The Insolar platform allows for different kinds of network deployments, whether public, private or a mixture of the two. The platform’s public network is Insolar MainNet.

Key components of Insolar MainNet include its native XNS coin, Insolar Wallet, Insolar Explorer, and a secure, third-party audited architecture with the storage and speed necessary for real-world enterprise application deployment.

XNS powers Insolar MainNet

Insolar’s native coin, XNS, is used to power the most scalable DLT for Fortune Global 500 clients.

Insolar XNS has three functions:

Payments: The coin is a medium of exchange for transferring value to settle application fees, resource fees, and subsidies.

Staking: Utilizing the coin as collateral locks up value and represents a commitment to the security of the network.

Governance: The mechanisms to bring about autonomous governance of the network as a self-sustaining ecosystem are fuelled by XNS.

Insolar’s Assured Ledger technology offers throughput of over 19,500 transactions per second on 20 nodes and over 500 participants to multi-party transactions. This level of scalability is provided for by the platform’s unique architecture, which includes:

Separation of concerns — with calculation, throughput & storage done by nodes with different roles Dynamic computation model — transaction processing by one dedicated executor, transaction validation by a configurable number of validators; executor and validators selected randomly OmniScaling — dynamic management of CPU / throughput / storage in the network, independently Everything is a smart contract — any object/action is implemented through a smart contract