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