InterValue (INVE) is a platform and a programming language that enables developers to build and deliver next-generation distributed applications. INVE can be used to program, decentralize, secure and trade anything: voting, domain names, financial exchanges, crowdfunding, company management, contracts and most agreements, intellectual property, and smart assets thanks to hardware integration. INVE uses a hybrid security protocol, a hybrid structure of a DAG-based consensus mechanism and a Byzantine fault-tolerant mechanism-based consensus mechanism. In the first few years of going online, the annual output of INVE will increase year by year with the increase in the number of transactions; then, as the output of each transaction is halved, the subsequent annual output will decrease.

Project Introduction

The goal of InterValue is to build a general-purpose, well-supported, high-performance, easy-to-use, good user experience, and scalable blockchain 4.0 infrastructure based on enhanced directed acyclic graphs to support various on-chain applications Blockchain 4.0 ecosystem.

InterValue focuses on blockchain infrastructure and core technologies at the platform layer, building an original fully distributed anonymous P2P network communication protocol, a new anti-quantum attack cryptographic hash algorithm and signature algorithm, an original two-layer consensus and mining mechanism, and support Features such as transaction anonymity protection and Turing-complete smart contracts, adopt a fair distribution mechanism, support functions such as third-party asset issuance, cross-chain communication, and multi-chain integration, and can be implemented in actual application scenarios in the form of public chains, alliance chains, and private chains . The vision of InterValue is to realize various key technologies of the value transmission network, build a global value Internet, and provide a basic network for various value transmission applications.

Project Vision

The Internet realizes the circulation and sharing of some information in human society on the Internet, and the blockchain can realize the circulation and sharing of all information including all digital assets and actual assets of human society on the Internet of Value. The significance and value of the existence of the Internet and the blockchain is to realize the mapping from the real society to the virtual society. The Internet can realize the mapping of information, and the blockchain can realize the mapping of value. InterValue, as a practical value interconnection blockchain infrastructure, provides a series of technical and functional features to support the value mapping between the real world and the virtual world, and will surely provide a feasible realization path for exploration and early realization of value mapping .

Looking forward to the world after InterValue is widely used, any behavior and activity of people can realize automatic payment, automatic evaluation, automatic preservation, automatic judgment of legality, and people can choose whether to save their lifetime behavior and activities. With the gradual evolution of artificial intelligence, a virtual person with complete individual consciousness and complete autonomous intelligence can be born. After people completely transfer various assets in real life to the chain, the virtual person representing an individual human society will be connected with the individual Together, the assets are preserved and evolved on the chain forever, realizing the virtual immortality of human society. This is the world after the complete integration of the Internet and the blockchain, and the complete realization of information mapping and value mapping between the real world and the virtual world.

Project advantages

InterValue is a self-evolving ecosystem. The project absorbs the advantages of the existing blockchain 3.0 projects and is committed to building the infrastructure of the 4.0 era. It focuses on drawing on IOTA and Byteball, which adopt the DAG data structure, and Hashgraph, which is currently under development. The advantages of the project, and by adopting an innovative two-layer consensus mechanism, designing and using a cryptographic algorithm with anti-quantum attack characteristics, designing and implementing a new consensus mechanism based on HashNet to solve various problems existing in the existing blockchain infrastructure, and constructing A more prosperous application ecosystem.

Judging from the current progress of InterValue and its follow-up development plan, InterValue has the following advantages:

•The design is positioned as a practical-oriented blockchain 4.0 infrastructure, with advanced technical features, and it is a blockchain 4.0 infrastructure that supports the large-scale popularization and practical application of blockchain technology.
•The InterValue team has reasonable collocation and division of labor, strong technical research and development capabilities, strong marketing capabilities, and strong scene implementation capabilities, which can ensure that InterValue realizes various characteristics of the design.
• As a technology provider, the InterValue team has cooperated with a number of companies that use blockchain technology to optimize and enhance existing business processes, and has used the InterValue infrastructure in multiple practical application fields and scenarios. development and implementation.
•The InterValue team is actively building a partner alliance, striving to apply InterValue to as many industries and practical scenarios as possible.
•The InterValue team is actively building a developer community to ensure that more technical talents join in the improvement and optimization of the InterValue infrastructure itself and the development of InterValue-based DApps at the technical level.
•The InterValue team is actively building a blockchain technology popularization community to promote the popularization of blockchain technology.

Application scenario

The application scenarios of InterValue mainly include three parts: (1) digital currency; (2) pan-financial applications; (3) non-financial applications.

•Digital currency
Digital currency mainly involves third-party asset issuance, crowdfunding, etc. Based on the InterValue public chain, the issuance of third-party assets can be realized; at the same time, applications related to digital currency assets such as crowdfunding can be realized on the chain.

•Pan-financial applications
Pan-finance refers to not only the traditional financial industry, but also closely related and closely connected industries such as asset management companies and related investment consulting companies. Based on InterValue, various pan-financial applications can be realized, such as cross-border payment, supply chain finance, digital bills; at the same time, asset securitization, bank credit investigation, supply chain finance, insurance business, etc. can be further realized.

•Non-financial applications
InterValue can realize direct transactions between multiple points and the processing of all information, improve efficiency, save transaction costs, and create credit, which is conducive to promoting the development of non-financial applications. The non-financial applications that InterValue can implement mainly include medical care, Internet of Things, IP copyright & cultural entertainment, and public service & education.

The specific application examples of InterValue mainly include virtual asset applications, conditional payment applications, privacy transaction applications, over-the-counter transaction applications, social transaction applications, sharing economy, etc. The specific applications on the typical InterValue chain are as follows:
⋄Virtual assets: game equipment, live streaming rewards;
⋄Conditional payment: knowledge payment, API calls, decentralized insurance, etc.;
⋄Privacy transactions: gaming Etc.;
⋄OTC transactions: currency transactions;
⋄Social transactions: group red envelopes, group collection;
⋄Sharing economy: content distribution (CDN) incentives, advertising traffic sharing.