Header banner
Revain logoHome Page
David Olayide photo
Lagos
1 Level
371 Review
-127.75 Karma

Review on Insolar by David Olayide

Revainrating 2 out of 5

Insolar Ecosystem

Insolar, is also recognized also recognized as XNS is a token from Russia just like I heard and the cryptocurrency was created on the Ethereum blockchain. The XNS coin has a circulating supply of 40 000,000 and the total supply is 1,000,000,000 XNS. Insolar is a blockchain protocol that has the original design and plan or purpose to build and facilitate trust between platform users, also to serve as a payment mechanism that will monetize network operations and then to also achieve a price stability for digital currencies that we have around us today. When I tried to get more information about the project by visiting the official website, but I met with a block wall. All I saw was that the site had closed down nothing else came to light so I am quite uncertain how the project is going to be. From what I could find however, Insolar seems to have this ecosystem of it’s own and this includes the Insolar Wallet, and an internet search engine called the Insolar Explorer. Then there is also the native cryptocurrency of the project, called XNS too that is used to fuel and support the operations of the platform.With the use of smart technology and other advanced tech systems and design as well, I am quite sure that the project is very reliable and can be used by anyone.



Pros
  • Uses the blockchain technology to provide a trusted payment mechanism
Cons
  • Largely unpopular
  • Looks abandoned