Topic: InterValue Core Architecture Storm Zhang Presents in “Next Generation Blockchain (Read 108 times)
July 17, 2018, 12:22:37 PM
From the first words in this post I was already excited because I love to see the loud names behind projects! One of the first thing that I'm doing usually is checking the history of names in the project.
July 16, 2018, 10:21:38 PM
Master of engineering, senior programmer, blockchain technology expert, he worked in the system technology department of IBM
（International Business Machines Corporation）and Big Data department of Sina for many years. He has rich creating experience in Hadoop and Map. He exposures to bitcoin in 2013, he is familiar with cryptocurrency theory and the Storage docking scheme of the Exhange wallet, he is the technology director of the RenRenBao Go. Now he devotes his efforts to intelligent contract and block chain application.
On July,13,2018, afternoon , in Hangzhou “next generation blockchain public chain technology sharing conference” the co-founder and core architect of InterValue, Storm Zhang made a speech about the “ practical block chain 4.0 underlying infrastructure support millions of TPS “
This technology sharing conference is themed by “Next public block chain generation “ it is the second spot followed by Beijing, attendants who present are technology experts in Hangzhou block chain and well known as scholar. In addition to the project sharing, we also had a lively discussion and looked forward to the development and prospects of the blockchain industry.
the main contents of speech including three aspects.
Firstly, Storm Zhang presents the uniqueness of the InterValue and the technology achievements we got. The newly release InterValue2.0 testnet has achieved the brand new independent. HashNet consensus mechanism. HashNet tries to form a divide-and-conquer distributed ledger system by “intra-shard autonomy, inter-shard collaboration”.
Based on the Hashpraph consensus algorithm,it has achieved the layer and sharding, It adopts a hierarchical gossip network and a newly designed sharding algorithm that supports both nodes-sharding and states-sharding, which enables rapid delivery of transactions between nodes in different shards to achieve asymptotic linear TPS increments, equipping the whole system with high concurrency and fast confirmation.
The achievement of consensus mechanism increase the single shard TPS to 280 thousands, No limits in Thoery TPS, the platform storage and transaction confirmation speed has achieved millions of TPS, taking the world’s leading position.
Secondly, he introduces many original work the team has achieve in cross-chain communication, and intelligence contract. For cross-chain communication, InterValue adopt Relay chain technology to solve the cross-chain communication and multi-chain fusion. For intelligence contract, by achieving Moses simulator, supporting Declarative non Turing complete intelligent contract and senior Turing complete smart contract facing with Moses language.
Thirdly, Storm Zhang concluded the product route of the InterValue.
InterValue product route is divided into two stages; platform development and application promotion. In platform development stage, the InterValue product finally finished by four rounds updating as we expect, and come to the application promotion stage.
After release the InterValue2.0 testnet, InterValue will push the work as the plan draws.
In Q3 2018, we will achieve cross-chain communication and strengthen smart contract based on the 2.0 testnet, add the anonymous privacy protect function based on the non-knowledge proof and cycle signature , push the InterValue 3.0 testnet.
In Q4 2018, will add the encryption algorithm, signature algorithm and Hash algorithm which are against quantum attack, push InterValue4.0 that officially put InterValue on the main net.
InterValue team will continue wide and deep cooperation and distribution in generalized financial area (Cross Border Payment, Insurance,Asset Backed Securitization,Supply Chain Financial), and non-financial area(Medical, Public Service, IP Copyright & Culture)
Now, InterValue 2.0 testnet local full node and light node worldwide alpha recruitment is underway.Welcome all of you to enter in our official website （www.inve.com）to register and join to experience technology features in advance.
（International Business Machines Corporation）and Big Data department of Sina for many years. He has rich creating experience in Hadoop and Map. He exposures to bitcoin in 2013, he is familiar with cryptocurrency theory and the Storage docking scheme of the Exhange wallet, he is the technology director of the RenRenBao Go. Now he devotes his efforts to intelligent contract and block chain application.
On July,13,2018, afternoon , in Hangzhou “next generation blockchain public chain technology sharing conference” the co-founder and core architect of InterValue, Storm Zhang made a speech about the “ practical block chain 4.0 underlying infrastructure support millions of TPS “
This technology sharing conference is themed by “Next public block chain generation “ it is the second spot followed by Beijing, attendants who present are technology experts in Hangzhou block chain and well known as scholar. In addition to the project sharing, we also had a lively discussion and looked forward to the development and prospects of the blockchain industry.
the main contents of speech including three aspects.
Firstly, Storm Zhang presents the uniqueness of the InterValue and the technology achievements we got. The newly release InterValue2.0 testnet has achieved the brand new independent. HashNet consensus mechanism. HashNet tries to form a divide-and-conquer distributed ledger system by “intra-shard autonomy, inter-shard collaboration”.
Based on the Hashpraph consensus algorithm,it has achieved the layer and sharding, It adopts a hierarchical gossip network and a newly designed sharding algorithm that supports both nodes-sharding and states-sharding, which enables rapid delivery of transactions between nodes in different shards to achieve asymptotic linear TPS increments, equipping the whole system with high concurrency and fast confirmation.
The achievement of consensus mechanism increase the single shard TPS to 280 thousands, No limits in Thoery TPS, the platform storage and transaction confirmation speed has achieved millions of TPS, taking the world’s leading position.
Secondly, he introduces many original work the team has achieve in cross-chain communication, and intelligence contract. For cross-chain communication, InterValue adopt Relay chain technology to solve the cross-chain communication and multi-chain fusion. For intelligence contract, by achieving Moses simulator, supporting Declarative non Turing complete intelligent contract and senior Turing complete smart contract facing with Moses language.
Thirdly, Storm Zhang concluded the product route of the InterValue.
InterValue product route is divided into two stages; platform development and application promotion. In platform development stage, the InterValue product finally finished by four rounds updating as we expect, and come to the application promotion stage.
After release the InterValue2.0 testnet, InterValue will push the work as the plan draws.
In Q3 2018, we will achieve cross-chain communication and strengthen smart contract based on the 2.0 testnet, add the anonymous privacy protect function based on the non-knowledge proof and cycle signature , push the InterValue 3.0 testnet.
In Q4 2018, will add the encryption algorithm, signature algorithm and Hash algorithm which are against quantum attack, push InterValue4.0 that officially put InterValue on the main net.
InterValue team will continue wide and deep cooperation and distribution in generalized financial area (Cross Border Payment, Insurance,Asset Backed Securitization,Supply Chain Financial), and non-financial area(Medical, Public Service, IP Copyright & Culture)
Now, InterValue 2.0 testnet local full node and light node worldwide alpha recruitment is underway.Welcome all of you to enter in our official website （www.inve.com）to register and join to experience technology features in advance.
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