Cryptocurrency has been predicted to be the new face of the crypto world and gradually, with the developments of so many blockchain platforms daily, the dream of the crypto revolution is being achieved. Bitcoin started the blockchain 1.0 and was built to be a decentralized platform for the first digital cryptocurrency. The blockchain in itself serves as a servant for several transactions that have done over the period of its development. With daily upgrades in technology, several innovations are being added to the internet daily to ensure the maximization of its ability.
The crypto world has been propionated to take digitalization to the next level through its decentralized blockchain structure leading to the liquid currency revolution.
BLOCKCHAIN TECHNOVATION
Over the years blockchain technology has been evolved to solve underlying issues concerning the blockchain 1.0 which has been identified to include, slow transactional ability which limits its usage in real time, the operational latency of the mining blocks which leaves lots of exhaustion on the network nodes, the feeble natured security of the blockchain which made it quite susceptible to random attacks from hackers and finally, the issue with the user interface of the blockchain which makes it practically impossible for users with low technical knowledge to use them.
The low community adoption issue of the blockchain is the biggest threat to its development. Even blockchain 2.0 development which featured the smart contract seemed impregnable at the initial stage, the loopholes on them came in the form of error coding and hackers had a field day with billions of resources lost in a period of time. This prompted the development of blockchain 3.0 to take care of the market value of cryptocurrency and help to increase transaction ability through provision of an efficient and productive network. But even all the upgrades did not eliminate the underlying issues of the blockchain technology entirely. This was what prompted the development of INTERVALUE and its blockchain 4.0 realization dream.
The Blockchain 4.0
This was aimed at looking at newer technologies for the blockchain that deviates from the usual way of block loading operations on the nodes. Newer methods of block stacking were invented which includes the hash graph algorithm for the reduction of node storage space and a faster and efficient way of transactions on the blockchain. With the new method of Directed Acrylic Graph DAG, block stacking transaction queue is abandoned on favour of users verifying themselves and making the verification process a lot faster and efficient. This is what fueled the INTERVALUE project.
INTERVALUE was built on the premise of the Internet of Values to be the proper component of blockchain 4.0. INTERVALUE hopes to integrate all the properties of blockchain 1.0, 2.0 and 3.0 to create a new platform that will offer maximum efficiency coupled with new DAG consensus mechanism for faster verification operations and and a much better user friendly platform that will favour even the most technically deficient user on the platform. INTERVALUE looks to implement proper scalability of cryptocurrency with a much more assured method of security.
INTERVALUE aims to provide better and proper anonymity on the blockchain through its novel anonymous P2P platform which is highly encrypted through a communication protocol.
Data Structure Mechanism
INTERVALUE embraces its new hash mechanism of DAG for a faster mode of transactional verification and the reduction of node requirements therefore maximising output at low operational costs.
Transactional Anonymity
INTERVALUE delivers an anonymous transaction tag to all its users making it practically impossible for them to be tracked through their crypto addresses through the Zero knowledge proof mechanism.
Anti Quantum Attacks
INTERVALUE provides new ways of repelling operation based attacks which are aimed at derailing effective blockchain operations. INTERVALUE achieves this with an innovative lattice based signature algorithm.
PROPER SMART CONTRACTS
INTERVALUE is developing its smart contract on the Moses Virtual Machine MVM which supports the access of data which are not present on the blockchain.
CROSS CHAIN MECHANISM
INTERVALUE also works on the premise of interoperability which allows it to cross reference with existing blockchains with aim to looking for improvements to already functional technology in place already.
CONCLUSION
The Blockchain technology is expected to undergo phases of new invention integrations in order to promote a new phase of cutting edge technology with view at maximising its abilities. This is what INTERVALUE aims to achieve with its massive development support for Blockchain 4.0. The blockchain deserves to be properly adopted as the new face of digital currency revolution and with INTERVALUE , all the issues pulling it back will be eliminated.
