Insolar recently launched its MainNet beta, boasting some of the highest throughput in the blockchain sphere and the first of several versions which shows promise to conquer the enterprise blockchain space.

Following extensive testing conducted by both Insolar engineers and external experts, we have decided to reschedule the release of MainNet and the coin swap that is planned to take place at launch.

While the network meets all requirements and is secure and stable, we came to the conclusion that further testing, debugging and minor but varied improvements are required before the full public release of MainNet. The Insolar community will also benefit from the enhanced security of the network following the implementation of the feedback we received from Kaspersky Labs and other security experts.

We understand that announcing a reschedule so close to the supposed launch date is disappointing to the members of Insolar community — up until late last night we hoped that we could both deliver a great product and deliver it as scheduled. Furthermore, it is important to reiterate that the network is in a good shape to have been released at the beginning of November. However, when facing the choice between being fully on schedule with a good enough product, and delivering a groundbreaking product we are proud of but with a slight delay, we unanimously agreed that we would opt for the latter.

To fully refine the inner workings of the network and incorporate the rest of the feedback received, Insolar will delay the release of MainNet to the second half of January 2020.

Details on how the swap from INS ERC20 tokens to XNS Insolar native coin will take place will be announced mid-January 2020.

We value the trust placed in us by holders of INS tokens and Insolar is committed to working closely with customers and partners to propel blockchain adoption in the enterprise world. As such, we have several client announcements to make in the following MainNet launch.

As a platform built for business, it should come as no surprise that Insolar has an impressive line-up of enterprise firms set to onboard onto the MainNet. These firms, which include market leaders in verticals such as financial services, commodity trading and other industries, will be revealed in the months ahead — stay tuned!