Blockchain technology is considered by many to be a technological revolution, no less than the invention of the incandescent bulb or the Internet. But currently, there is a big gap between Blockchain technology and its real application in the form of such problems as low scalability and performance, risks of quantum attacks, high maintenance costs and so on. All this is an obstacle to the widespread introduction of Blockchain in the real sector of the economy. Today in our ICO analysis of the project to create infrastructure for Blockchain 4.0 technology. On the Presale, the project InterValue for a short time closed 45 thousand ETH. Let us consider it in more detail.

Problem

Every day there are more and more projects creating new Blockchains. Among them are NEO, EOS, ArcBlock and so on. But they don't give users enough freedom to use, they are far from Blockchain 4.0 due to certain problems.

What are these problems:

performance. Low productivity is perhaps the most pressing issue. The number of transactions per second today is clearly not enough to serve modern client applications;
complexity. Today, applications on the Blockchain are complex for ordinary users. Some of them require the installation of full nodes on the computer. It is difficult for an ordinary consumer to use a modern Blockchain;
greater value. This is a very strong obstacle. Enterprises need a lot of time to make a decision. There is also a risk that after the introduction of an expensive solution on the market will be much more economical and effective solution;
lock. This problem exists, although difficult for the uninitiated to understand. This is the so-called "platform lock"problem. It turns out that any Blockchain, like a platform, can be blocked, so developers need to have extra paths in place to prevent this. And it takes additional resources;
low versatility. Although the media give the Blockchain the properties of omnipotence, but this technology is still in its infancy and requires the development of basic functions and mechanisms of application.

Based on the above, today there is every reason to revise the basic mechanisms of the Blockchain, and redesign them, laying the Foundation for the solution of the identified problems in the technology.

Decision

The goal of the InterValue project is to create an infrastructure for Blockchain 4.0.

It will include:

1. 1. Anonymous p2p network based on Tor and VPN on Blockchain. This will make the nodes anonymous and difficult to track.
2. HashNet data structure. It significantly reduces the memory space needed by the nodes. This improves data security and efficiency.
3. Two-layer consensus mechanism. It is based on the interaction of HashNet and the BA-VRF acknowledgment mechanism. This increases transaction speed to a million transactions per second, without compromising consensus.

4. The mechanism of counterattack to quantum attacks. It is based on lattices algorithm for NTRUsign. This decreases the risk of failures of quantum attacks, and the quantum of development promoted.
5. The system of anonymity. It is built on the same characteristics as, for example, Monero and ZCash. Recall for those who may not know. It is about the principles of zero knowledge and ring records.
6. Virtual machine for smart contracts Moses. It maintains both Turing in the language of Moses and non-Turing declarative contact. Moses has direct access to the Blockchain and can be used in applications for public, private and hybrid consortia at the same time.
7. This is more complicated. Chain relay mechanism. InterValue learned to retransmit these chains. Creating parallel and cross networks, while maintaining the autonomy and independence of the cells.
8. New methods of token distribution. For example, the motivating method of double-layer mining.
9. Interfaces are JSON-RPC. They make it easy to integrate Blockchain into industrial networks, making it easy to use.

All these functions and mechanisms will make it easier to apply the Blockchain to various current tasks of consumers.

Project team

The InterValue project consists of more than 60 participants.. Many of them have doctorates. The main part, about 40 people in the team of InterValue are developers.

ICO

The InterValue was quite easily attracted on Pre-sale 45K ETH. For more information, you need to wait for the official announcements.

Summary

Projects on creation of the block chain, solving immediate problems, really relevant. After all, they slow down progress with obvious opportunities. InterValue has all the chances to become the new star of the crypto world by creating blockchain 4.0.