InterValue Project Weekly: 20181029-20181104


Part 1. Development Progress of InterValue.


1. Project Progress

(1) Full-node development: network testing with local full nodes to optimize the interface.

(2) Local full-node development: completion of the quantum-proof algorithm, sub-database and sub-table, merger of snapshot and master components, and completion of 60% of the testing procedures.

(3) Light node 3.1 news function: completion of the test and implementation in the TestNet.

(4) Light node 3.2 chat function: completion of 90% of the function development

(5) Light node 3.3 multi-chain wallet: completion of the test chain with BTC and implementation of 80% of BTC wallet core functions, extensive research about the processes.

(6) Smart Contracts: Discussion about the initialization and implementation details at the code and data levels.

(7) Cross-chain: Completion of the core interoperability features mentioned in the INVE wallet, completion of the initial core functions and processes of the BTC wallet.

(8) Quantum-proof algorithm: Completion of function development, integration into the main chain nodes completed at 95%, continuous testing and improvement of algorithm performance and stability.


2. Whitepaper


(1) We modified some regular details.

(2) Vietnamese community members produced a Vietnamese version of the white paper.


Part 2. Strategic Cooperation.

1. InterValue Signs Strategic Partnership with Yunqing, another Branch of Yonsamity Smart Inn

Last week, Yonsamity Smart Inn - which was elected “The Most Popular Hotel in 2017” by a panel of organizations – recently signed a partnership with InterValue through its Yunge branch. Today, it is Yunqing branch’s turn to sign a similar partnership agreement. As part of this strategic cooperation, InterValue will provide comprehensive technical support for the development of Yonsamity’s blockchain application. In the early stage, it will cooperate in the aspects of payment, data processing, and traceability of hotel-related business processes.



2. InterValue (INVE, ERC20 Token) is expected to get listed on Hotbit on November 5 and trading will start on November 6. Two trading pairs INVE/ETH and INVE/USDT will be available.



Part 3. Media Activities.


1.   The Linker reported the article "Scott, InterValue's COO". It introduced the InterValue team, and many medias reprinted.


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.



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