March saw the launch of the external Insolar Blockchain Platform Testnet 1.1, in which outside participants are able to deploy nodes within the network. Following on from the successes of the Insolar Testnet 1.0, the platform has managed to demonstrate speeds in excess of 19,000 tx/s on 20 nodes.

The first month of spring also saw Insolar conclude a partnership with a Canadian firm to build a transactive energy platform in Toronto. This is just part of the hard work the business development team has been completing, with negotiations about creating proof of concepts and the implementation of full-scale blockchain projects currently ongoing with over 30 global companies, including several Fortune 500 firms.

Following the release of the roadmap, the team is gearing up for the release of the mainnet and fully-functioning platform later this year.

1. Community

Announcements

Insolar launches Testnet 1.1 with public nodes

Following on from the launch of Testnet 1.0 in January of this year, the Insolar team launched Testnet 1.1 at the beginning of March. Aside from several optimizations of the network, Testnet 1.1 is open for external nodes to join. Partners who have deployed to the network include several bluechip companies and top tier academic institutions. The network throughput has reached speeds in excess of 19,000 transactions per second.

Transactive energy system partnership with Toronto company announced

Insolar has entered into a cooperation agreement with Canada’s Hero Engineering Inc. to develop and test a blockchain-based platform for improving the resiliency and efficiency of energy systems.

Funded in part by a federal grant from Natural Resources Canada (NRCAN), the Insolar blockchain will be integrated into a transactive smart grid prototype, which is designed to improve the uptake of distributed generation of renewables, electric vehicles, energy storage systems, and smart thermostats.

Top Tech News

Development update. February 18 — March 2, 2019

Development update. March 4–16, 2019

Top Articles

Value of Blockchain in Manufacturing

Insolar co-founder Peter Fedchenkov explains how blockchain is set to overhaul manufacturing, especially additive manufacturing. The article provides concrete insights and examples of how distributed ledgers can bring transparency and value to all areas of the manufactured goods lifecycle.

Insolar Smart Contracts

Smart contracts have been billed as the transactional technology of the future, but what value do they bring to blockchain and how are they implemented on the Insolar platform? Read the article learn about Insolar smart contracts and how several new features are introduced to the realm of process automation, whilst reducing costs and increasing privacy for transactions.

2. Engineering

A new Block Explorer has been released, in which the network load formula has been changed.

The App Logic team has made several improvements to the slot elements storage system in the conveyor for simpler and more consistent access. Auxiliary scripts for registering nodes and obtaining certificates have also been added, and the “Conveyor Worker” component has been developed as the controller of the slots logic. Moreover, a prototype of raw handlers generation was created.

The Ledger team has been undertaking internal refactoring and carrying out stability fixes that have led to improvements in system stability.

In-memory storage processing has been altered so that light material nodes now store data in RAM instead of in the hard drive, which greatly improves their performance.

The Network team has been very busy, improving Pulse checking so that Insolar nodes now check the validity of pulses from pulsars to prevent malicious input. They have also designed the gateway: an internal network component which is responsible for network state transitions on every node and is the key component in building a reliable network.

Moreover, they have implemented rules for network majority and minimum network roles, which provide additional stability and maintainability for the Insolar network. Not only this, but they have also created the roadmap for TestNet 2.0.

Furthermore, preparations have been made for a PublicNet oracle, which will undertake ETH20 to Insolar token migration, with the problem of a possible Ethereum chain rollback solved. A smart contract has been written which will store burned ETH20 coins until the respective native Insolar wallets have been created.

3. Team

Sergei Mironov joined Insolar as a DevOps Engineer

Sergei is a systems engineer with over five years of experience in supporting and automating highload systems. Before joining Insolar, Sergei worked in RTB advertising with big data, highload and fault tolerance.

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