Part 1. Development Progress of InterValue.
1. Project Progress
(1) Light Node 3.0: We completed the first round of debugging and launched the regression test.
(2) Full-node development: We completed the upgrade of full-node “Adding & Exiting Mechanism” and successfully tested it; We completed the local full-node joining and prepared the implementation of the enhanced sharding management mechanism.
(3) Local full-node development: We completed the mass transaction data storage mechanism design and function development;
We optimized anti-split function and ran the test; We completed consensus data snapshot mechanism verification code and implemented it; We completed 20% of the review function of nodes; We completed the anti-quantum attack function.
(4) Light Node 3.1: We completed content and prototype review, UI design and development plan in progress
2. Whitepaper
(1) We modified some regular details.
(2) We updated team member information.
(3) We revised the English version of the translation.
Part 2. Strategic Cooperation
1. Blockchain + Fintech 丨 InterValue’s Technical Cooperation Partner ChenHan Information Technology and Magcloud Technology Join Forces
On October 9, 2018, InterValue’s technical partner, ChenHan Information Technology, officially signed a long-term strategic cooperation agreement with Magcloud Technology. Both sides will join forces and collaborate in blockchain strategy research,
technical research and application development.
2. InterValue Gets Involved in the Art Trade Field and Commits to Solving the Trust Crisis
On October 10, 208, InterValue reached a long-term strategic cooperation agreement with Fangwu Network. Both sides will cooperate in the field of art trade and work on implementing blockchain-based solutions. With this cooperation, InterValue will open a new curtain for the application of blockchain technology in the field of the art trade. Besides, it also provides a trust guarantee for the art market.
3. We cooperated with several major exchanges and implemented the technical issues.
Part 3. Media Activities.
1. Newsletter: InterValue Releases Project Progress
The InterValue team made some upgrades to the HashNet consensus algorithm and achieved important technological breakthroughs in mass-data storage, quantum attack resistance, and shard management. In terms of smart contracts, the problem of state consistency detection in an asynchronous Byzantine environment protocol was solved and the progress was implemented in the DAG. Well-integrated smart contracts provide a good foundation for the future. In terms of cross-chain operations, we completed the scheme of cross-chain transactions based on the relay node mechanism and the changes are under implementation. In terms of anti-quantum attack, we finalized the design of the hash algorithm and signature algorithm. Both of them are being integrated into the full nodes, local full nodes, and light nodes.
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.
(11) In June 2018, the InterValue 2.0 testnet launched the world’s first local full-node, light-node alpha test.
(12) In July 2018, InterValue launched its first bounty program.
(13) In August 2018, the InterValue 2.0 testnet was awarded the TPS performance testing report and testing certificate issued by China Telecommunication Technology Labs.
(14) In August 2018, InterValue’s Chinese and English white papers are updated from 4.0 to 4.5.
(15) In August 2018, InterValue officially released the INVE ERC20 Token.
(16) In August 2018, InterValue team officially established the Xiangjiang Blockchain Research Institute.
(17) In August 2018, InterValue officially established Blockchain Security Division.
(18) In September 2018, InterValue officially got its INVE token listed on FCoin.
(19) In September 2018, InterValue opens the bounty conversion.