InterValue Project Weekly: 20180716–20180722
Tags: Intervalue, Bitcoin, News, Blockchain, Technology

Part 1. Development Progress of InterValue.

Project progress

(1) We completed the design of the double-layer gossip networking, based on large-scale node layered network communication and topology construction and maintenance requirements.

(2) Target at light nodes’ anonymous transaction protection requirements, we designed anonymous communication mechanism that based on multi-hop multiple asymmetric encryption and completed corresponding detailed scheme.

(3) We basically completed the development of the dual-layer gossip networking demonstration and verification system and conducted preliminary tests on the above demonstration system through single-machine multi-port analog communication networking.

(4) We initiated the development of the anonymous transaction communication demonstration verification system and realized the multi-hop data forwarding and processing flow by using the web service request mode.

(5) We drafted a cross-chain communication solution based on smart contracts.

(6) We tested the Keccak code.

(7) We adjusted the Signature Parameter in NtruSign according to the whitepaper, and we completed the operation of NtruSign-251.

(8) We completed the development of the light node v2.0 interface.

2. Whitepaper

(1) Some general modification of details.

3. Communities

(1) The member of InterValue English telegram groups increased to 52,408.

(2) The member of InterValue Chinese telegram groups increased to 18,827.

Part 2. Strategic Cooperation.

Negotiated with Danhua Capital, HCM Capital and September Capital.

Part 3. Media Activities.

INVE Bounty Program Launch

On July 16, 2018, InterValue team launches the INVE Bounty Program, which will be distributed as a reward for 50,000,000 INVE (market value over $1 million) in this bounty program.

2. Local full node candidate list announced

On July 19, 2018, InterValue team released a list of candidates who take part in v2.0 local full node and the activity schedule of alpha test.

3. The Activity: <Finwise Distinguished Blockchain Individual>

On July 22, 2018, Dr. Barton Chao, founder, and CEO of InterValue, was invited to participate in the “Finwise Distinguished Blockchain Individual”.

4. The Activity: “Blockchain Frontier Technology and Innovation Application Seminar”

On July 22, 2018, we were invited to participate by the “CCF Blockchain Special Committee”, “CCF YOCSEF Changsha” and the National University of Defense Technology: “Blockchain Frontier Technology and Innovation Application Seminar”. InterValue founder & CEO Barton Chao gave a wonderful speech at the conference.

Part 4. The Historical Process of InterValue.

(1) In August 2017, Barton Chao envisioned the positioning, vision, and functionality of InterValue.

(2) September-October 2017, planning to form an InterValue team to refine all aspects of InterValue functionality.

(3) In November 2017, the InterValue core research and development team was formally formed and started writing white papers and making the development plans.

(4) In January 2018, the first draft of the InterValue Whitepaper in English and Chinese was completed and began the development work.

(5) February-March 2018, the InterValue Whitepaper in English and Chinese was completed from 1.0 iteration to 4.0.

(6) In April 2018, releasing the InterValue v1.0 Alpha chain.

(7) In May 2018, starting the development of the InterValue v2.0 Alpha chain.

(8) In June 2018, the InterValue v1.0 testnet wallet demo is online.

(9) In June 2018, the verification of the Hashnet consensus mechanism for the InterValue v2.0 testnet was completed.

(10) In June 2018, the InterValue v2.0 testnet had reached 1,000,000 TPS.