Part 1. Development Progress of InterValue.
1. Project Progress
(1) We optimized the light node structure: completed the docking of the local full-node interface (modification of the transaction data structure for both light nodes and local full-nodes); we optimized the hot and cold wallet function; fixed the bugs found during the test, and now the current system can support transaction tests; we removed some redundant code.
(2) We solved the problem of “no neighbors” after local full-node downtime recovery.
(3) We integrated the "snapshot generation and sub-segmentation" code into the node code.
(4) We wrote the "anti-split attack" code, and are currently writing a test program for actually testing it.
(5) We coded a dynamic management mechanism for connection and disconnection of nodes: defined the technical issue, prepared the plan and started development.
2. Whitepaper
(1) Some regular details have been modified.
Part 2. Strategic Cooperation.
1.We cooperated with several major exchanges and implemented the technical issues.
Part 3. Media Activities.
1.InterValue Participated in GLAB’s Training Camp
InterValue is delighted to be selected for this GLAB Global competition. Besides, the InterValue team attended the Training camp organized by GLAB in Hangzhou on September 11th. Isda Chen, the head of InterValue's investor relations, attended the event and gave a speech with the following title "Functional Blockchain 4.0 Infrastructure That Supports Over Million TPS" and received high praise from the jury.
2. 2018 Belt and Road Digital Economic Forum activities
The “Bring the Digital Economy and Smart Retail to the world” conference forum was successfully held in Dongguan by the China Cross-border E-commerce Service Center, Zhongke Weiyun and Hongmeng Digital on September 13, 2018. “Belt and Road” communications and information industry officials in the developing countries, business representatives and delegations and important partners at home and abroad attended the event. At the forum, InterValue, as one of the representatives of the “Hongmeng Digital” core enterprise, signed a cooperation agreement. It aims to build a Belt and Road digital economic platform.
3.InterValue participated in Vietnam CDAD 2018 Conference
The "Cryptocurrencies & Digital Assets Dialogue 2018” Summit was successfully held at the InterContinental Hotel in Hanoi, Vietnam on September 15th-16th. The conference gathered a variety of well-known blockchain projects from different countries, including InterValue. InterValue’s COO Scott Guo met with ICO Rating executive Mik Mironov. As one of the most impartial and objective third-party rating agencies in the world, the ICO Rating has shown great interest in the InterValue project. During the conference, Scott Guo also met with several managers from Huobi Global, the world's largest digital asset exchange. Both parties are looking forward to more cooperation opportunities in the future. This meeting served as a very good starting point for InterValue to increase its focus on the Vietnamese market. In addition, it will strengthen community building in Vietnam, and liaison with local government, institutions, media and industry opinion leaders. Overall, it aims to seek more opportunities for cooperation.
Part 4. The Historical Process of InterValue.
(1) In August 2017, Barton Chao envisioned the positioning, vision ,and functionality of InterValue.
(2) From September to October in 2017, InterValue created a team and refined the functions.
(3) In November 2017, InterValue created the R&D team, and began to write a white paper and a development plan.
(4) In January 2018, InterValue completed the first draft of the Chinese and English white papers.
(5) From February to March in 2018, InterValue completed Chinese and English white papers from InterValue 1.0 to 4.0.
(6) In April 2018, the InterValue v1.0 testnet was completed and put into practice.
(7) In May 2018, the development of the InterValue v2.0 testnet was launched.
(8) In June 2018, the InterValue v1.0 testnet wallet Demo was launched.
(9) In June 2018, the InterValue v2.0 HashNet consensus mechanism was verified.
(10) In June 2018, the InterValue v2.0 exceeded a million TPS.