InterValue Project Weekly: 20181022-20181028
Part 1. Development Progress of InterValue.
- Project Progress
(1) Full-node development: we completed the network tests and optimizations.
(2) Local full-node development: we completed the main processes of the function that enables the linking with full-nodes; we completed the transaction data sub-library function integration and testing; we completed the transaction interface transformation, now supporting the information relevant to the transaction; we discussed and improved the snapshot mechanism design; we fixed most bugs during the test.
(3) Light Node 3.0: we completed the alpha test and issued a test report; online release.
(4) Light node 3.1 news function: we completed 100% of the function development, further tests are ongoing.
(5) Light node 3.2 chat function: we completed the product and UI design and development plan review, completed 30% of the function development.
(6) Light node 3.3 multi-chain wallet: technical pre-research.
(7) Smart Contracts: we completed the second discussion session on design plan of smart contract module and other modules in the MainNet.
(8) Cross-chain: we completed the plan of the design of the cross-chain module and other modules in the MainNet.
(9) Anti-quantum algorithm: we completed the preliminary phase and implementation schemes
(10) Official website: we updated the style and content of the navigation bar of the official website.
- Whitepaper
(1) We modified some regular details.
Part 2. Strategic Cooperation.
- Blockchain + Agricultural Products - InterValue Plans to Tackle Some Recurring Issues in the Agricultural Industry
On October 25, 2018, InterValue officially announced the recent signature of a long-term strategic agreement with Longping, a China-based company specializing in the production of agricultural products. With the signing of this strategic agreement, InterValue intends to work together with Longping o explore relevant technical solutions for blockchain-based applications in the agricultural sector. InterValue will build a decentralized online agricultural product marketplace based on blockchain and distributed storage technology. This aims to create a new public chain dedicated to the whole agricultural industry and build an ecosystem to reinforce trust and traceability. The on-chain traceability of agricultural products will make the information more transparent and tamper-proof. This will also promote the digitalization of the agricultural industry cluster, flatten the supply chain and redistribute the value across the whole supply chain of the agricultural industry.
- We cooperated with several major exchanges and implemented the technical issues.
Part 3. Media Activities.
- All in Blockchain 4.0—Infrastructure Layer Supporting Blockchain - Based Applications for the Supply Chain Industry
On October 26, 2018, InterValue was invited to participate in the "Blockchain+Supply Chain Summit". This summit was held in Shanghai by the BC EVENT agency and gathered guests from first-tier blockchain projects and major supply chain companies who shared trend forecasts and application cases. The focus was made on building a decentralized ecosystem for supply chain and supply chain-financing industries. Suggestions and opinions on several hot topics such as innovative applications and the creation of supply chain financial management platforms were discussed. Dr. Jason Loong, co-founder, and Chief Security Officer of InterValue gave a speech on the theme of "All in Blockchain 4.0— Infrastructure Layer Supporting Blockchain - Based Applications for the Supply Chain Industry".
- News: Kcash wallet adds support for InterValue (INVE)
October 24, 2018, the Kcash wallet officially announced the support of INVE token. Users can now add INVE in the Kcash wallet App, a cryptocurrency wallet that currently has 1 million users registered globally and can process digital asset management services such as deposit, transfer, loan, credit and so on. So far, INVE support has been added for Kcash, imToken, BiYong, and Kushen wallets. The next step will be to get even more wallets supporting INVE.
Part 4. The Historical Process of InterValue.
(1) In August 2017, Barton Chao envisioned the positioning, vision, and functionality of InterValue.
(2) From September to October in 2017, InterValue created a team and refined the functions.
(3) In November 2017, InterValue created the R&D team and began to write a white paper and a development plan.
(4) In January 2018, InterValue completed the first draft of the Chinese and English white papers.
(5) From February to March in 2018, InterValue completed Chinese and English white papers from InterValue 1.0 to 4.0.
(6) In April 2018, the InterValue v1.0 testnet was completed and put into practice.
(7) In May 2018, the development of the InterValue v2.0 testnet was launched.
(8) In June 2018, the InterValue v1.0 testnet wallet Demo was launched.
(9) In June 2018, the InterValue v2.0 HashNet consensus mechanism was verified.
(10) In June 2018, the InterValue v2.0 exceeded a million TPS.
(11) In June 2018, the InterValue 2.0 testnet launched the world’s first local full-node, light-node alpha test.
(12) In July 2018, InterValue launched its first bounty program.
(13) In August 2018, the InterValue 2.0 testnet was awarded the TPS performance testing report and testing certificate issued by China Telecommunication Technology Labs.
(14) In August 2018, InterValue’s Chinese and English white papers are updated from 4.0 to 4.5.
(15) In August 2018, InterValue officially released the INVE ERC20 Token.
(16) In August 2018, InterValue team officially established the Xiangjiang Blockchain Research Institute.
(17) In August 2018, InterValue officially established Blockchain Security Division.
(18) In September 2018, InterValue officially got its INVE token listed on FCoin.
(19) In September 2018, InterValue opens the bounty conversion.