InterValue is a blockchain of a new generation (version 4.0), which is a two-level hash graph based on a hybrid and randomly supported function. The project is aimed at the environmental improvement and expansion of blockchain technology in the industrial area. This blockchain is designed to carry out mass storage of assets and thereby create an ideal infrastructure for the development of the blockchain network. At the same time, special attention is paid to the creation of decentralized applications for mass popularization.
The main objectives of the platform
The technology of blockchain by its capabilities in many ways surpasses the Internet, so it allows users to make real transactions with assets while in the world web a person is given the opportunity to make exchange transactions. The combination of the two technologies in one single shell will connect the present with the future.
To perform this operation, InterValue has the necessary qualities and functions of the network. The distribution of cartographic values is carried out at the expense of the network infrastructure where each definite node is certified by the graph itself for its validity. In the future, this will create an artificial intelligence in such a way that all information that will flow into the network will be stored digitally. This factor will facilitate the creation of a virtual person who will work in an autonomous mode. AI can create a real life for a virtual person.
PROBLEMS
Every day there are more and more projects that create new detachments. Among them are NEO, EOS, ArcBlock and so on. But they do not give users enough freedom to use, they are far from Blockchain 4.0 because of certain problems.
What are these problems:
Productivity . Low labor productivity is perhaps the most urgent issue. The number of transactions per given is clearly not enough to serve new client applications;
Complexity . Today, applications for blocking are difficult for ordinary users. Some of them require the installation of complete nodes on the computer. It is difficult for a regular consumer to use modern Blochein;
Great value . This is a very strong obstacle. Enterprises need a lot of time to make a decision. There is also a risk that after the introduction of an expensive solution in the market it will be much more economical and effective solution;
Blocking . This problem exists, although it is more difficult for the uninitiated to understand. This is the so-called "platform blockage" problem. It turns out that any Blochein, like the platform, can be blocked, so developers should have additional ways to prevent this. And this requires additional resources;
Low versatility . Although the media give Blockage the properties of omnipotence, but this technology is still in its infancy and requires the development of basic functions and mechanisms of application.
Proceeding from the foregoing, today there is every reason to revise the main mechanisms of the Blockbuster, and to redesign them, laying the foundation for solving the identified problems in technology.
The purpose of the InterValue project is to create an infrastructure for Block 4.0.
It will include:
Anonymous network p2p, based on Tor and VPN on the blockroom - This will make anonymous nodes and they are difficult to track.
HashNet data structure - This significantly reduces the amount of memory required by the nodes. This increases the security and efficiency of the data.
Two-layer consensus mechanism - It is based on the interaction of HashNet and the confirmation mechanism of BA-VRF. This increases the transaction speed to a million transactions per second without compromising consensus.
Counter-attack mechanism for quantum attacks - It is based on the lattice algorithm for NTRUsign. This reduces the risk of failure of quantum attacks, and the quantum of development is advancing.
Anonymity system - It is built on the same characteristics as, for example, Monero and ZCash. Remember those who may not know. We are talking about the principles of zero knowledge and ring records.
Virtual machine for smart contracts of Moses - He supports both Turing in the Mosaic language, and declarative contact without Turing. Moses has direct access to Blockchain and can simultaneously be used in applications for public, private and hybrid consortia.
Conclusion
What this InterValue project proposes looks cosmic enough and it is not completely clear how the authors intend to implement such a large-scale application. After all, in order for this concept to "come to life" and become workable, it is necessary to combine several technologies into one working shell. Undoubtedly, in the case of the implementation of such a large-scale idea, the project will reach the main places in the market of cryptocurrencies.
To learn more about the details of this project visit the official website https://www.inve.one/index.html and read the whitepaper: http://www.inve.one/InterValue_whitepaper_en.pdf
