Insolar price is $0.00423114
As of the latest data, Insolar (XNS) is currently priced at $ 0.00423114. Over the last 24 hours, its price has increased by +0.00%.
Insolar (XNS) is a blockchain-based platform engineered to solve real-world business challenges and enable seamless interactions between companies. It strives to set a new standard for blockchain business applications, aiming to achieve the most scalable, secure, and easy-to-use blockchain technology. Insolar was designed with the mindset of making blockchain more accessible and legitimate for businesses.
The Insolar project was launched by a diverse team of seasoned engineers, developers, and experts in distributed systems, cryptography, business, and law. The specifics about the main individuals behind Insolar are not readily available, but the collective team brings together a wealth of experience and dedication to the platform.
Insolar operates using a blockchain-oriented model that focuses on delivering enterprise-grade blockchain solutions. It uses hybrid architecture, that combines both public and private networks to provide high levels of scalability and security. It is designed to enable thousands of transactions per second and be easily integrated into existing enterprise systems, making it an attractive option for businesses seeking to leverage blockchain tech.
Insolar claims to bring unique advantages to the table for its users. Firstly, it is built on a hybrid architecture, designed to balance both public and private networks, providing high scalability without compromising security. Secondly, it can handle up to 20,000 transactions per second, which makes it highly efficient. Insolar also uses unique, fair governance policies, with the goal of building a user-oriented platform.
The total supply of Insolar, according to the most recent data, is 1000.0M. However, the circulating supply currently stands at 140.3M.
Insolar (XNS) can be purchased on various crypto exchanges. These are the trading platforms where it's most commonly bought and sold: BitMax, KuCoin, Binance. Always remember to consider selecting exchanges with a good reputation and secure platform.
Insolar utilizes a method of consensus (the process by which all nodes in the network agree on the state of the ledger) that combines Proof-of-Stake (PoS) and Byzantine Fault Tolerance. This hybrid model is designed to further increase the security of the network and protect against fraudulent activities.
Remember, it's crucial to keep your cryptocurrency investments secure. Storing your XNS in a secure wallet, not sharing sensitive information, and keeping your devices safe from malware play an essential role in protecting your crypto assets.
As per the latest available data, Insolar currently sits at #1 in terms of market capitalization which is $ 0.6M. This is an important metric as it gives an indication of its relative size and position within the cryptocurrency market.
In the last 24 hours, the trading volume of Insolar has registered at 16.1. This figure gives a clear indication of the currency's recent popularity and demand on cryptocurrency exchanges.
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