Part 1. Development Progress of InterValue.
1. Project Progress
(1) Full-node development: We optimized the output methods of the interface’s verification and log information.
(2) Local full-node development: We completed 70% of the partial data RocksDB upgrade; We expanded the minimum unit Atom of INVE (1INVE=10^18Atoms); We optimized the definition of message data structure (transaction, contract, text, etc.); We optimized the concurrency method of transaction signature verification; We optimized transaction query interface.
(3) Mainnet testing and code refactoring: We tested the biggest bottleneck at present. At the same time, we solved problems of performance and improved the TPS.
(4) Light node 3.3.0 - multi-chain wallet: We completed 95% of development tasks about the first phase of INVE, BTC wallet and its cross-chain transaction.
(5) Smart Contract: We added two Http interfaces (nonce query and address query interface); We improved the world state storage module.
(6) Cross-chain: overall system’s joint debugging of the relay-node, light node, full node, local full-node.
(7) Others: We discussed and determined the Mainnet plan.
2. Whitepaper
(1) We modified some regular details.
Part 2. Strategic Cooperation.
We cooperated with several major exchanges and implemented the technical issues.
Part 3. Media Activities.
1. The Core Members of the InterValue's Technology Partner Were Selected into the CCF TCBC
According to the official news from China Computer Federation (CCF), Barton Chao, Chairman of InterValue's Technology Partner - Chenhan Information, and Dr. Jiang Xinwen, the professor of the InterValue blockchain project, were selected into the CCF TCBC on December 5th. The member of Chenhan Information Co., Ltd. was selected by the China Computer Federation (CCF) TCBC, which marks the recognition of the company.
2. Completion of InterValue's Cross-chain, Supporting Transfer and Exchange of INVE, BTC, ETH
InterValue's cross-chain has been completed on December 5th. It supports the transfer and exchange of INVE, BTC, ETH. The main goal of the cross-chain mechanism is to provide value interconnection capabilities between different blockchain projects. Thus, it ultimately changes the isolated existence of blockchain projects and achieves ubiquitous value interconnection.
What do you want for Christmas? I expect to receive INVE.
The cross-chain mechanism has two characteristics: first, the transaction efficiency is only subject to the slower recognition in the two related chains. Second, it does not add conditions on the blockchains that participate in the cross-chain. There are a great number of feature InterValue's cross-chain mechanism, such as high transaction efficiency, good user experience, low access threshold, high-security performance, and full traceability.
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.
(20) In November 2018, InterValue officially got listed on the Hotbit.
(21) In November 2018, InterValue officially got listed on the Bitget.
(22) In November 2018, InterValue implemented the Turing Complete Smart Contract on the DAG.