The internet is one of the most astonishing invention of mankind, it gave us lot of new opportunities such as blockchain technology.
Blockchain technology is born and implemented through the internet, in 2009 blockchain technology was developed and it has undergone massive development since then, it's seen by many as the most disruptive technology in this modern age.
Statistics shows that only about 0.03 percent of the world knows about blockchain technology, which is very little compare to the total world population, and as such a major issue in the sense that projects need to be understood to know it's weakness and strength.
Lack of understanding the future of blockchain technology led a bitcoin user in 2010 to use 10,000btc to purchase two pizza an equivalent to what would have purchase tons of pizza and many further things.
In this article I will briefly explain the challenges associated with the blockchain technology and how intervalue aims to solve it.
From core technologies to chain application, research and developments has been carried out for blockchain and experts have seen that there are many technical difficulties around block chain core technology, the infrastructure to support blockchain application is not balance, thus making many applications lack full efficiency. The security and speed of blockchain technology can no longer support big infrastructure and tech-company, the likes of bitcoin which has a 7TPS and ethereum having a 120TPS is relatively too slow for modern technology. This is why the need for improvement is needed so as improve the effeciency of blockchain technology.
INTRODUCING INTERVALUE
Intervalue is blockchain 4.0, a project that aims to provide a platform for the development of decentralised apps and also aims to develop a global value -internet.
Intervalue aims to build an infrastructure, that can solve current technical problems as well as supporting all domain applications in terms of ecological view. The blockchain 4.0 intervalue has a speed of 1m tps and will create the first robust internet infrastructure for the internet of value, designed for now and the future.
It will make use of the following technological innovations.
industrial application
Ecological motivation
Crossing and merging chain
Smart contracts
Consensus
Novel data structure - in this modern age for one to be able to run nodes, it's required to download the whole blockchain, and it's getting bigger with each passing day, intervalue offers a new data structure , improved on Directed Acrylic graph( DAG) popularly know as Hashnet , that will consistently reduce storage space required by nodes and thereby improving the security and efficiency of the data storage.
Anonymous p2p overlay network -
The network nodes are accessed in an incognito manner but the communication between them are done in an encrypted way.
Anti- quantum attack
While bitcoin uses the ECDSA signature algorithm, which is vulnerable to quantum computing.
Intervalue makes use of a unique algorithm called Keccak-512 hash algorithm and also integrates NTRU sign signature algorithm to supersede the quantum vulnerable ECDSA.
Transaction anonymity.
CONCLUSIVE THOUGHT
Intervalue the block chain 4.0 offers new solution to blockchain limitations so as to develop a better ecosystem that supports dapps for large industrial applications, the project is quite amazing and it's well known in the crypto space. The private sale has been concluded and there isn't any ico .
I think project like intervalue will lead blockchain tech into mass adoption and will give cryptocurrency a step further to mainstream adoption.
For more information refer to the links below and I urge you all to please read the white paper for more insights.
White paper : http://www.inve.one/InterValue_whitepaper_en.pdf
We are Inve.one and our announcement channel is https://t.me/intervalueofficial.
Also follow us on https://medium.com/@intervalueproject
Twitter: https://twitter.com/intervaluepro
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Also check out：
English - https://t.me/InterValueProject
Chinese - https://t.me/intervalue
Vietnamese - https://t.me/InterValueVietnam