New York Based Insolar Launches Official Testnet with Industry-Leading 10,000+ Transactions Per Second Throughput

Enterprise blockchain platform Insolar is thrilled to announce the official launch of its testnet, which will validate its position as the world’s fastest enterprise blockchain platform, by an order of magnitude, with minimum speeds of 10,000 transactions per second. Insolar’s testnet comes less than two months after the company was announced to the public. Its impressive speed is the result of a revolutionary architecture that assigns different roles to nodes and distributes storage and processing tasks efficiently among them. “Insolar’s…

New York to unveil cryptocurrency task force with new legislation

A New York politician is unveiling what he says will be a one-of-a-kind task force designed to oversee and study cryptocurrency use in the state. Governor Andrew Cuomo signed a bill last week called “The Digital Currency Study Bill,” according to a social media post from NY State Assemblymember Clyde Vanel. The task force will comprise of industry investors, consumers and academics that will research patterns in cryptocurrency and issue reports on all things digital currency, cryptocurrency and blockchain. “The technology…