INTERVALUE: An Introduction to the Most Robust Practical Blockchain 4.0 Project

This is the first article on my three-part series on InterValue. I will introduce InterValue and outline some of its innovative blockchain solutions. And in later articles will break down InterValue’s core features.

Simplexity

The Story of Blockchain so far

InterValue is the most advanced Blockchain 4.0 project, with a speed of 1m TPS, that seeks to create the first robust internet infrastructure for the Internet of Value, designed for now and the future. Intervalue introduces new solutions for common blockchain limitations to create the perfect ecosystem that can support dapps for vast industrial applications in finance, digital currency, supply chain, entertainment, healthcare, energy, social media, law, Internet of Things and agriculture among others. Some of the inherent limitations of current Internet architecture that InterValue seeks to solve are little application, low transaction throughput, high commissions, extended confirmation times, vulnerability to quantum attacks, poor anonymity, blockchain value islands(lack of interoperability), storage space load needed and many more. InterValue’s technological innovation include:

📌Anonymous P2P overlay network. Network nodes are accessed anonymously but communication between them occurs in an encrypted manner P2P.

📌Novel data structure To be able to run most nodes today, one of the setup steps requires downloading the whole blockchain since genesis block. As of March 2018, Bitcoin’s blockchain was only 163 GB, and this will only get bigger

Hashnet- InterValue proposes a new data structure improved on DAG(Directed Acrylic Graph) called Hashnet, which simultaneously reduces storage space required by nodes and improving the efficiency and security of the data storage.

📌Consensus A novel two-layer consensus protocol which will be rolled out in two stages. Initially, will comprise DAG consensus and BA-VRF initially and then rolled out to Double layer consensus consisting of Hashnet consensus and BA-VRF(Byzantine Agreement based on Verifiable Random Function) consensus Essentially, offers quick confirmation, high transaction concurrency and whose application can fit various industrial functions.

📌Anti-quantum attack

Bitcoin uses the ECDSA signature algorithm which currently vulnerable to quantum computing.

InterValue devises a new algorithm, the Keccak-512 hash algorithm and introduces NTRUsign signature algorithm to replace the quantum-vulnerable ECDSA.

📌Transaction anonymity through implementation of zero-knowledge proof and ring signatures borrowed from Monero and Zcash
📌Smart contracts
Both non-Turing complete and Turing complete can be supported on the Moses Virtual Machine

📌Crossing and merging chains
📌Ecological motivation
📌Industrial application

Conclusion

Website: http://www.inve.one/?utm_source=icodrops

Telegram: https://t.me/joinchat/HFJWYxCcv_bhLzTrdfzmGQ
Twitter: https://twitter.com/intervaluepro

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Originally published at steemit.com on July 25, 2018.

Solidity&Web3 dev/writer