Meet-up | InterValue Attends Singapore’s Blockchain Warm Up Party

On September 19, 2018, the "Let's Meet-up! & Blockchain Warm Up Party" hosted by Block Mania took place at Raffles City Convention Center in Singapore. This Meet-up gathered many well-known blockchain projects, investment institutions, and blockchain media.

Clement, on behalf of InterValue's project, gave a great speech on the theme of "InterValue: Building a Highly Scalable, Usable and Secure Next Generation Blockchain". Besides, he gave a detailed introduction of the current situation and recent developments of the InterValue project.

At the beginning of the speech, Clement gave a brief introduction of the different stages of development of blockchain. He summarized some problems such as the low performance of the current blockchain infrastructure, high thresholds and high cost of use, platform locking, and narrow application range. He said that InterValue's goal is to solve these problems in the current blockchain space, to make its performance such that it can be realistically used and in a secure manner.

InterValue is an ecosystem that draws on the benefits of the existing Blockchain 3.0 project. In terms of performance, 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 4 million TPS. In terms of usability and application, it promotes cross-chain communication, multi-chain convergence, multi-industry dApp development, and smart contract through off-chain data access. In terms of security, InterValue offers formal verification of smart contract code, anti-quantum attack encryption algorithm and hash function. In addition, it features anonymous transactions based on zero-knowledge proof and ring signature, and P2P network node communication anonymity. InterValue solves the problems of the existing blockchain infrastructure and builds a more prosperous application ecosystem by improving the underlying technology performance and providing support for industry applications.

During the speech, the guests were amazed and very enthusiastic about InterValue’s network performance, which exceeds 1,000,000 TPS. Many participants asked for more details about this performance.

Finally, Clement highlighted the core technical team of the project. The InterValue team is very experienced in the blockchain field and has a strong background in handling it. The team members have previous experience with technology companies such as IBM, Alibaba, Tencent, etc., during which they accumulated deep knowledge in product technology development, operations and marketing.

During this Meet-up, InterValue’s COO Scott Guo and the management of BN Capital, CFA, SoPay.org provided many updates about the characteristics and current progress of InterValue, especially regarding the 1,000,000 TPS milestone and the ecosystem development plan. All parties are very enthusiastic about the future development of InterValue.

InterValue will conduct more extensive and in-depth cooperation with these high-quality projects next time. At the same time, the project will soon make a new step in reaching out to a larger audience across the world. Stay tuned!