On September 18, 2018, the "Blockchain Practitioners Conference China 2018" was held in Shanghai. The summit attracted nearly 800 blockchain practitioners, more than 200 investment institutions. Besides, numerous blockchain entrepreneurial teams, as well as Internet giants and financial blockchain media came to the summit. Blockchain practitioners from more than 20 countries attended the event. This shows how popular this conference is becoming.
As a strategic partner of the summit, InterValue attended the meeting and conducted in-depth communication and exchanges with entrepreneurs in the blockchain industry. At 10 am, Dr. Jason Loong co-founder and Chief Security Officer of InterValue, gave a wonderful speech on the theme of “Leading the Global Million TPS Blockchain Infrastructure R&D”.
InterValue aims to provide a global value Internet infrastructure. The existing blockchain infrastructure is overall not functional, especially due to transaction congestion, high transaction costs, weak anti-quantum attack capability, and low node anonymity. Cross-chain communication and multi-chain convergence capabilities are weak, the storage space is large. InterValue optimizes the protocol and mechanism of blockchain technology at all levels, and realizes the support protocols of the value transmission network. It is a true blockchain 4.0. In addition, the team provides the underlying platform for all types of DApp development, which can provide a realistic and feasible technical way to build a global value Internet.
According to Dr. Jason Loong, InterValue designed a double-layer and sharding Gossip DAG consensus mechanism named HashNet---HashNet consensus reached 280,000 TPS within one single shard during the tests and the whole network exceeded million TPS. It has obtained the TPS performance inspection certificate and inspection report issued by the China Telecommunication Technology Laboratory and is a global leader. But at the same time, it also faces new technical challenges, such as: storage problems caused by high TPS, local full-node and sharding dynamic management problems, and fragmentation timing reorganization. The InterValue team is currently working to solve technical issues and will continue to work on all aspects of the plan.
Dr. Jason Loong participated in the “Cross-Chain Practitioner Awards Ceremony” on behalf of InterValue and won the “Best Technology Innovation Award in Blockchain” in the afternoon. This also means that InterValue has a unique position in the innovation of blockchain technology.
Innovation is the only way to go beyond and solve the problems of the existing blockchain industry. In the key features and ecosystem diagrams of InterValue, the design and implementation of each key technology are reflected in innovative thinking. As the pioneer of the blockchain 4.0 ecosystem, InterValue provides the basic blockchain network for various value transmission applications based on the principle of innovation. InterValue becomes the cornerstone of the entire blockchain industry. It forms a perfect ecosystem based on blockchain by using its advantages to reshape all aspects of human society.