InterValue : The Ecological Blockchain Infrastructure

coinaddic4real (38)in #blockchain • 6 years ago (edited)

When blockchain was created back in the years, many people thought much of it, but as more and more enthusiasts started coming to the fold, it's interest grew, developers started looking out for ways distributed tech could be applied into our everyday lives, the result was unanimous. The security aspect and transparent level was what defined blockchain.

The fact that a digital ledger of transactions can be programmed to record not just financial transactions but virtually everything of value is a marvel to reckon.
BUt even with the high development that is witnessed in the crypto world, its still faces challenges that drags and hinders its development, thus making it not to achieve the basis in which they work towards attaining.The need for improvement is needed, the likes of bitcoin and ethereum are still lagging behind when it comes to TPS, First of all, Ethereum can handle at least 25 TPS compared as to bitcoin which only manages a measly 7 TPS which is too slow and therefore not feasible for modern day applications, other problems also facing blockchain tech are scalalability, Inadequate performance and high transaction fees.

Intervalue is a new advanced project, that aim to upgrade blockchain performance to a whole new level. For blockchain to be used by large-scale industries and adopted by all, it means it has to be scalable and its security should be at its peak, because as technology are advancing, hackers are developing new tricks on how to bypass the security protocol of blockchain technology.
Many of us are aware or might have been told that most social online platform are shady because, they steal our personal data and sell it out, which is very bad.
Intervalue wants to solve this issue, thus rendering a solution that guarantees developers and adopters maximum privacy and security. Intervalue will combine two technologies to come up with one unique feature that will upgrade users security and privacy.

The world intervalue actually was gotten from the combination of two words, internet and value. Intervalue aims to also eliminate the problem of applicability of blockchain technology to real life issue, because apart from allowing it's ecosystem to easily distribute and share information, it also allows the easy movement of tangible assets of people, easily on its platform

It's underlying p2p network is a collaboration of Tor-based anonymity and blockchain-based distributed VPN, thus ensuring an ecosystem were nodes are difficult to trace, it creates complexity even for veteran hackers, therfore they will not be able to bypass the security or trace the nodes.

Intervalue will support the implementation of several applications, which includes power sharing, communications, bandwith sharing, reputation sharing and also provide an open interface for third party Dapp development, Intervalue will also cooperate with service providers and application providers thus supporting government agencies.
Unlike bitcoin that has 3-6 TPS and Ethereum 120TPS, intervalue has over 1,000,000 TPS, it's novel consensus protocol which is role out in two stages namely the DAG consensus and BA-VRF will be rolled out to Double layer consensus consisting of Hashnet consensus and BA-VRF( Byzantine agreement based on verifiable random function) consensus , will offer quick confirmation and high transaction concurrency thus been able to be used by large-scale and suitable for industrial function.

CONCLUSIVE THOUGHT
I think intervalue is going to change the block chain landscape in the near future, when it's ecosystem is fully operational and functioning as intended for in the whitepaper.
For more information refer to the links below and I urge you all to please read the white paper for more insights.