Review on Insolar by francis fernandez
INSOLAR: contributing to the globalization of the digital economy
In an increasingly globalized world; e-commerce has helped lower the barriers between minority merchants and large consortia.
In this regard, crypto has contributed considerably to the creation of many digital trading platforms. Such is the case of Insolar.
Insolar is a blockchain protocol whose fundamental purpose includes these main vertices:
• Build trust among platform users
• Serve as a payment mechanism to monetize your network operations.
• Achieve price stability for your digital currency
• Guarantee the autonomy and decentralization of its ecosystem through its XNS cryptocurrency.
Insolar uses its native XNS currency to promote the operations of its platform and has an ecosystem that includes an Insolar wallet, a search engine called Insolar Explorer and a storage capacity for the development of solutions applicable to the business world.
Insolar also has a valuable infrastructure made up of groups of servers with different functions (calculation, validation, execution, processing and storage) that allow high scalability in the network, to generate a large volume of operations per second in parallel in different users.
This infrastructure is powered by smart contract technology; Through which it complies with all its internal operating processes.
Its decentralized and autonomous operation model makes this network an efficient commercial platform to execute online operations.
Without a doubt, a valuable ecosystem for both companies and individuals.
Pros
- Provides security in your operations
- Allows the development of efficient solutions
- Contributes to the expansion of electronic commerce
- It is a very useful tool for developers
Cons
- Their currency has unstable value
