China famous computer science and technology doctor, Xi AN Electronic Technology University blockchain application and test laboratory deputy director, ZheJiang university blockchain research center distinguished researcher. Early blockchain practitioner, senior expert in P2P, cryptography, network security and blockchain. From 2009, he has developed the blockchain since he engaged in the Bitcoin, besides, he involved in the development of blockchain basic technology, the combination of the blockchain technology and the specific industry and the landing of the blockchain technology on Practical application scenario, he has a deep understanding and rich practical experience in blockchain technology theory, basic technology, inter-layer protocol, chain application and develop trend. On July 11, 2018 afternoon, in 2018 China network meeting – – China blockchain industry development forum, InterValue founder&CEO Barton Chao had a speech about “Practical blockchain 4.0 infrastructure which supporting millions of TPS”
This conference is hosted by China Internet Society, themed by ‘’Fusion Development •Synergistic co-treatment – – new time, new journey, and new power”, has become an important way for society to get know about the blockchain future development. On the blockchain industry development forum, people discussed warmly the “blockchain+internet” new thoughts, new problems, and new technology. As world first practical blockchain who supports amounts of application, InterValue, becomes the center of the conference with no doubt. In the speech, Barton Chao specifically listed the achievement that InterValue get. The new online InterValue2.0 testnet has achieved the newly designed HashNet consensus mechanism. HashNet consensus mechanism tries to form a distribution system by “inner-layer autonomy, inter-layer collaboration”
Based on the Hashgraph consensus algorithm that has achieved the sharding and layering, Gossip net which utilize the layering mixed structure and newly designed supportive nodes and status Parallel processing sharding mechanism, it can spread the transaction data quickly and increase the approximate linear TPS. It has high concurrency and transaction confirmation speed. The achievement of the HashNet consensus mechanism has make the platform storage and transaction speed of the InterValue into million TPS. Far over the other public chain of the industry. Barton Chao also mentioned that InterValue also does an original job in cross-chain communication and smart contract. InterValue 2.0 testnet local full nodes and light nodes global recruitment is ongoing, all of you are welcomed to participate in by signed in our official website, experience InterValue technology in advance.
Barton Chao received an interview by the Golden Finance Reporter after the meeting, he introduced: InterValue product roadmap is divided into two stages: platform development and application promotion. During the platform period of stage, it is upgraded through four rounds of iteration. It ended by the Intervalue products that fall into the application promotion stage as the project vision. After the online Intervalue 2.0 beta, Intervalue will continue to promote work in all aspects.
In the third quarter of 2018, cross chain communication and enhanced smart contracts were implemented based on the 2.0 beta, and anonymous privacy protection function based on zero-knowledge proof and multi-ring signature which will launch InterValue 3.0 beta.
In the fourth quarter of 2018, the encryption algorithm, signature algorithm and hash algorithm anti-quantum attacks will be added, and InterValue 4.0 will be officially launched on the InterValue main network.
At the same time, the application of the blockchain based on InterValue rapidly advance.It being planned and developed based on InterValue social platform and distributed storage grid.
In addition, the InterValue team, as a technology provider, already has cooperated with several companies which use blockchain technology to optimize and enhance existing business processes, also the InterValue infrastructure in multiple real-world applications and scenarios.
At the same time,it is actively constructing a developer community, blockchain technology popularization community, partner alliance, and will launch the DApp development incentive plan on InterValue to ensure that more resources, teams and technical talents to join the optimization and InterValue infrastructure itself. Based on the development of DApp based on InterValue, we will promote the popularization of InterValue blockchain technology and strive to apply InterValue as many industries and actual scenes as possible.
Integration and development • Synergistic and co-governance – new era, new journey, new forces-InterValue – the world’s first practical blockchain 4.0 project to support large-scale applications, highly practical decentralized distributed application development platform. The new technology of the bottom layer of the blockchain will be effectively integrated, and the community ecological co-construction will be built to create a new era of blockchain 4.0.