InterValue is a highly practical decentralized distributed application development platform that can implement various underlying network protocols for value transmission networks, build global value network, and provide basic networks for diverse value transmission applications. Meanwhile, it is also a completely open community ecosystem. It is a user-friendly high-availability decentralized distributed application development platform that can transcend national boundaries and allow each participant to achieve a corresponding value.
We have listed some questions and answers, hoping to help you understanding better to InterValue.
General issues:
Q1: The definition of Blockchain 4.0, how to realize?
At present, the industry generally believes that the development of the Blockchain can be divided into four eras. The 1.0 era is the implementation of digital currency represented by Bitcoin. Its main function is to support the technical foundation of distributed ledger and Bitcoin circulation. In 2.0 era, Blockchain is more widely used in the financial field where digital currency and smart contracts are combined. In the 3.0 era, the Blockchain began to penetrate into the government, health, culture, and art fields, playing its decentralized and irrevocable features in the areas of intellectual property protection, information security management, etc. by the 4.0 era, the Blockchain will as an infrastructure for various industries and human daily life applications, a well-established ecosystem based on Blockchain technology will be established, eventually changing people's lifestyles extensively and profoundly.
Currently, the Blockchain technology is subject to the consensus mechanism, high-energy-consumption competition, smart contracts that do not have the complete Turing-complete, linear single-chain structure and other defects, and cannot meet the performance requirements for large-scale commercial applications in the Blockchain 4.0 era. So recently, the Blockchain 4.0 technologies based on the HashNet data structure have gradually attracted the attention of the industry. The consensus algorithm based on this data structure can achieve a qualitative leap in transaction throughput and scalability, and at the same time it supports Turing-complete advanced Declarative smart contracts can support a variety of upper-level application scenarios and eventually form a complete ecosystem based on Blockchain.
Q2: What’s the core innovation of the InterValue?
The core innovation of InterValue is the proposed HashNet consensus protocol. The HashNet consensus protocol attempts to form a divide-and-conquer distributed system through "on-chip autonomy. Inter-chip collaboration". It uses an unprecedented fragmentation algorithm to organically integrate HashGraph data structure, multi-signature, PoW consensus, etc., in high transaction throughput rates. The perfect balance is achieved between decentralization and security.
Q3: The Chinese name of InterValue is 互联价值, what does it mean? And what’s the goal of its name?
InterValue Chinese translation is the value of interconnection, indicating that InterValue is a truly trusted value network that can be used extensively and applied. It will be an important step to be explored on the trusted Internet. If the industry is waiting for the next generation With the advent of Blockchain technology, InterValue is an attempt to break through the limitations of the Blockchain and implement the Blockchain from another path.
Q4: The development progress of InterValue, the problems encountered in the early development, as well as the harvest, how to realize?
We are now at the basic development of InterValue 2.0 alpha chains. Our teammate is refining the design of the white paper. The current issue is concentrated on the refinement of the consensus mechanism for cross-chain transactions. This is a difficult issue in the whole Blockchain projects. We have created the basic step of the cross-chain consensus through teammates’ endless efforts.
Q5: The key direction of development of InterValue, bottom chain, chain application, landing?
The progress of InterValue follow-up products is divided into two directions: platform development and application promotion. In the direction of platform development, it is envisaged to adopt four iterations of iterative upgrades to make the InterValue public chain go according to the project's vision. At present, platform development has entered the second stage, and the team is stepping up its research and development of the HashNet consensus protocol. Applying the direction in the chain, it is planned to gradually promote the InterValue platform to fall into the application scenarios of medical care, internet of things, IP copyright, culture and entertainment, public service and education, and to open up the connection between the virtual world and the real world. After the completion of the development of the InterValue underlying chain, the first application to be launched by the team is a highly secure and persistent information storage service, which gradually realizes the mapping between the real world and the virtual world after accumulating sufficient data.
Q6: What are the technical characteristic of IntetrValue?
It has fast transaction confirmation, anti-quantum attack, anonymous node communication, anonymous protection of transaction, advanced a smart contract, data link and so on.
Q7: What’s the difference between the InterValue and other underlying technology?
InterValue takes advantage of the chains in the Blockchain 1.0, 2.0 and 3.0 addresses their outstanding issues, break some key technologies, and support more prosperous application ecosystem. As is shown in figure 2-3, InterValue designs the chain-down data mapping mechanism and a new enhances data structure based on directed acyclic graph(DAG), and hash graph(HashNet), HashsNet based consensus and BA-VRF based consensus mechanism, an advanced Turing complete intelligent contract with external triggers, keccack 512 and NTRDSign based anti-quantum cryptanalysis algorithm, ring signature and zero-knowledge proof transaction anonymous protection mechanism. It has functional characteristics ofBlockchain 4.0 such as fast transaction confirmation, anti-quantum attack, anonymous node communication, anonymous protection of transaction, advanced smart contract, data link and so on. It also supports fair distribution mechanism to support third-party asset distribution and cross-link communication, multi-chain fusion and other functions.
Q8: What’s the underlying data structure of the InterValue?
A new data structure HashNet derived from DAG(directed acyclic graph) is proposed, which greatly reduces storage space required by nodes and improve efficiency and security of data storage.
Q9: How InterValue realize high transaction currency and fast confirmation?
We design an efficient and secure double-layer consensus mechanism consisting of HashNet consensus and BA-VRF(Byzantine agreement based on verifiable random function)consensus, which supports high transaction concurrency, fast confirmation and building ecosystem for different application scenarios, in version1.0, due to the fact that HashNet consensus is much difficult to implement, we first implement a double-layer consensus mechanism combining DAG consensus with BA-VRF.
Q10: What’s the advanced smart contract of off-blockchain data?
We design Moses virtual machine(MVM) which supports declarative non-Turing complete contract as well as advanced Turing complete contract programmed in Moses language. MVM is able to access off-blockchain data conveniently and securely and supports the issuance of third-party assets, which can be integrated into applications in term of public, permission (private) or consortium (hybrid) blockchain.
Q11: What’s the InteValue cross-chain technology?
InterValue is not only a self-contained Blockchain network but also a bridge to support cross-chain communication functions, such as cross-chain asset exchange and cross-chain asset portability. By usingInterValue platform, anyone can develop financial applications in accordance with the requirements of application scenarios. The basic idea of the InterValue cross-chain communication module as relay chain thoughts and implementing the cross-chain communication modules as a full node overly layer over the basic chain of InterValue. In the technology roadmap, we not only keep the independence of cross-chain interoperability but also reuse all kinds of functions offered by the basic chain of InterValue.
Q12: How to realize the anonymous node communication of the InterValue?
Combining the advantages of Tor-based anonymity and Blockchain-based distributed VPN, we design a novel anonymous P2P overly network, including anonymous access method and encrypted communication protocol, which greatly enhances anonymity of nodes in the network and ensures that it’s hard to trace node address and crack communication protocol.
Q13: What’s the anti-quantum hash?
New anti-quantum algorithms are devised, which replaces existing SHA series algorithm with the Keccak-512 hash algorithm, and replaces ECDSA signature algorithm with an integer lattice-based NTRUsign signature algorithm. These algorithms reduce the threar coming from development of quantum computing and the gradual popularization of the quantum computer.
Q14: How does InterValue do on transaction anonymity?
Based on anonymity characteristics of cryptocurrency such as Monero and ZCash, zero-knowledge proof and ring signature is applied to transaction anonymity and privacy protection, which perform with a highly cost-effective ratio and excellent security to satisfy privacy requirements in different application scenarios.
Q15: How is consensus mechanism of InterValue?
We design an efficient and secure double-layer consensus mechanism consisting of hash-net consensus and BA-VRF(Byzantine agreement based on verifiable random function) consensus, which support high transaction concurrency, fast confirmation and building eco-systems for different application scenarios. In version 1.0, due to the fact that HashNet consensus is much difficult to implement, we first implement double-layer consensus mechanisms combined DAG consensus with BA-VRF.
Q 16: How does InterValue do about ecological motivation?
Various token allocation methods are utilized, which support double-layer mining for incentives.
Q 17: Which application can InterValue realize?
Distributed social network application
Divergent contract trading application
File storage grid application
Q18: Which scene can InterValue realize?
The main scenes of InterValue are as follows: ⑴ digital currency ⑵ extensive financial application ⑶ non-financial applications.
Digital currencies
The main application scenes of digital currencies are as follows ⑴ third-party asset issuance ⑵ crowdfunding ⑶ Extensive financial application
The main application scenes of extensive financial application are as follows: ⑴ cross-border payment, supply chain finance, digital bill ⑵ asset securitization, bank reference, insurance.
Q 20: What is the foundation of InterValue?
InterValue foundation is a non-profit organization. Through the establishment of related departments, the foundation is committed to the development of InterValue and manages the open source, community construction and deliberation of InterValue of improvement. Moreover, to make the project run better, the foundation is also committed to the financial, team building and external relations.
The founder of InterValue is Barton Chao. Blockchain industry practitioner, Ph.D. senior expert of P2P. Cryptography, network security, and Blockchain. He is a pioneering developer of Blockchain since 2009. his main work contains researching underlying technologies of Blockchain, combining Blockchain with industry, and applying Blockchain technology in actual application scene, since he has planned and developed a number of Blockchain related projects, he has profound understanding and rich practical experience of the technical principle of the Blockchain, the underlying technology, the middle-layer protocol, applications on the chain, application scenes, development trends and etc.
Q21: What is the establishment plan for InterValue?
The roadmap of InterValue consists of two phases: development phase and the production phase. After four times of iterative upgrade in the development phase, InterValue will be shaped in accordance with our vision and enters into the production phase. From the release of the InterValue 1.0 in 2018, we will apply InterValue platform in some application scenes, such as the medical industry, internet of things, IP copyright, culture and entertainment, public service, education and so on. We will explore the application of InterValue with the community and expand its application areas.
Q22: What’s InterValue's future Token release plan?
InterValue aims to build a comprehensive and full-featured Blockchain 4.0 underlying technology platform, which supports commercial organizations and governmental agencies to construct public Blockchain, consortium Blockchain, and private Blockchain to satisfy their respectively business features and requirements. In order to support public Blockchain, InterValue introduces the token policy in the incentive layer to realize flexible consensus schemes. The built-in token named INVE stimulates the community to maintain the public Blockchain of InteValue and develop DApps, and then it increases the value of the public Blockchain of InteValue and promotes InterValue’s network effect.
For the latest and more information of InterValue, such as technical white papers, software releases, developer communities, and more, please visit the official site: http://www.inve.one
Contact us
Whitepaper: whitepaper@inve.one
Community management: community@inve.one
Foundation: foundation@inve.one
Others: support@inve.one
Telegram: https://t.me/InterValueProject