InterValue v2.0 testnet launch - First global recruitment of local full node and light node alpha test

BEIJING, China, June 29, 2018 (GLOBE NEWSWIRE) -- InterValue, a highly practical decentralized distributed application development platform and the world's first Blockchain 4.0 project built to support the large-scale deployment of applications, will unveil its plan for the global recruitment of local full node and light node on July 5, 2018, initiating the first wave of nodes recruitment for the alpha test.

The recruitment will start on July 5, 2018, and end on July 20, 2018. Participants who contribute to the test will receive a compensation in form of INVE tokens following the completion of the test (please visit InterValue's official website for more details: http://www.inve.one).

InterValue aims to build a generic, multifunctional, high performance, easy to use, strong user experience and scalable infrastructure for Blockchain 4.0 era and develop the underlying ecosystem that will support applications of all kinds.

At the beginning of May 2018, the project released the InterValue v1.0 testnet to the public after it was successfully tested internally during Q1. A large number of community members downloaded and experimented it. Feedbacks were very positive and testers expressed their confidence and enthusiasm about the product performance.

This time, InterValue will release its v2.0 testnet, as initially planned in the roadmap. This version will feature the newly designed HashNet consensus mechanism.

HashNet is an ultra-high performance two-layer sharding consensus mechanism featuring full node, local full node, and light node. Full node is mainly in charge of establishing and reorganizing shards within the lower-layer, adding new local full node and removing the old ones, without participating in local full node consensus.

Local full node form various shards. Each shard performs internal transactions and achieves a consensus. Light node is wallet clients, and every user can use them to perform a transaction.

Through InterValue v2.0 testnet launch, the team hopes to attract communities and professional organizations from all over the world, get them to participate in the establishment of a community and contribute to the development of InterValue's global ecosystem. As part of this InterValue's local full node and light node recruitment plan, participants will be rewarded with INVE tokens in exchange for their contributions during the test after its completion.

InterValue’s global local full node alpha test recruitment plan

1. Local full node recruitment guidelines

1. Nodes recruitment begins on July 5th, 00:00:00 (GMT+8)
2. The applicants satisfying requirements are allowed to submit candidate application.
3. The information relevant to cleared candidates will be publicly disclosed on InterValue’s website.
4. Nodes recruitment ends on July 20th, 00:00:00 (GMT+8)
5. After the recruitment is completed, successful applicants will be provided with the local full node procedure to download.
6. Applicants who successfully passed need to activate their local full node and ensure that it operates normally before July 25th, 00:00:00 (GMT+8)
7. The maximum number of applications for local full node testing is limited to 2,000.

1. Local full node test cycle

1. The test begins on July 25th, 00:00:00 (GMT+8)
2. The test ends on August 5^th, 23:59:59 (GMT+8)

1. Local full node recruitment: token rewards

During the test cycle (July 25^th,00:00:00 (GMT+8) to August 5^th, 23:59:59 (GMT+8)), the number of transaction confirmations for participating local full node will be recorded in order to confirm their actual contribution in the process. At the end of the test, a certain amount INVE Token reward will be granted based on the contribution of each local full node.

1. Hardware, software and network environment requirements for running a local full node

Linux operating system requirements：

1. Linux operating system: Ubuntu LTS
2. Version: 16.04 and above

Server requirements：

1. Component: Local full node
2. Memory: 8G
3. Local Storage: 500G
4. Server Number: One node

Network requirements：

1. Upstream bandwidth ≥ 2Mbps
2. Static IP

InterValue global test phase light node recruitment plan

1. Light node recruitment guidelines

1. Nodes recruitment begins on July 5th, 00:00:00 (GMT+8)
2. After the user submits his/her application on the official website, the website will automatically update the relevant application information.
3. Nodes recruitment ends on July 20th, 00:00:00 (GMT+8). Applicants who successfully passed the application phase will be provided with the light-node procedure to download
4. The maximum number of applications for light node testing is limited to 100,000.

1. Light node test cycle

1. The test begins on July 25th, 00:00:00 (GMT+8)
2. The test ends on August 5^th, 23:59:59 (GMT+8)

1. Light node recruitment: token rewards

During the test cycle (July 25^th,00:00:00 (GMT+8) to August 5^th, 23:59:59 (GMT+8)), we will collect the suggestions, feedback and bug records from the users (a providing feedback interface will be available on the website), and we will distribute rewards in INVE tokens by airdrop.

About InterValue

InterValue, a highly practical decentralized distributed application development platform, will become the world's first practical blockchain 4.0 infrastructure to support large-scale applications, and will also be the foundation for the construction of the industry's public-chain infrastructure and the next-generation global value Internet.

InterValue focuses on developing a new blockchain infrastructure and a platform with strong core technology: a fully original distributed anonymous P2P network communication protocol, a new anti-quantum attack hash algorithm and signature algorithm, a unique two-layer consensus and mining mechanism, anonymous transaction support, a Turing complete smart contract deployment environment, It uses fair distribution mechanism to support third-party asset distribution, cross-chain communications, multi-chain integrate functions , it can support the public chain, permissioned chain, consortium chain, and other forms fall into the practical application of the Blockchain 4.0 infrastructure. InterValue's vision is to build the foundation of a new blockchain which will support a wide range of applications in the form of the public blockchain, permissioned blockchain, and private blockchain.

Currently, the application of blockchain based on InterValue is advancing rapidly. The team are planning and developing a distributed social networking platform and a globally distributed storage grid based on InterValue. In addition, the InterValue team, as a technology provider, has collaborated with several companies that have used blockchain technology to optimize and enhance existing business processes, already used InterValue infrastructure to apply for a number of practical application areas and scenarios (currently under development).

At the same time, the team is actively building a community of developers, a community of blockchain technology adopters and a coalition of partners. They will also launch DApp development incentive plans on InterValue to ensure that more resources, teams, and technical talents contribute to the development of InterValue infrastructure and the development of the Dapp based on the InterValue, the project is being actively promoted, and InterValue will be deployed across as many industries and actual scenarios as possible.

 InterValue Project：Website: https://www.inve.oneTG (main): https://t.me/InterValueProjectTwitter: https://twitter.com/intervalueproMedium blog: https://medium.com/@intervalueprojectFacebook: https://www.facebook.com/InterValueofficial/Reddit: https://www.reddit.com/user/intervalueQuora：https://intervalue.quora.com

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• InterValue