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Leads you to a comprehensive understanding of Forbes

Leads you to a comprehensive understanding of Forbes
What is the hottest blockchain project in 2020?
Besides GFS, GFS is still GFS in my mind! GFS currency - the only token of Forbes cross chain blockchain!
Forbes is the latest generation of blockchain, which can be said to be a new blockchain mode, or it is not a pure blockchain project. As we all know, in the era of blockchain 1.0, the bitcoin of Nakamoto brings decentralized distributed bookkeeping book, which enables human beings to have just assets for the first time; in the era of 2.0, the Ethereum smart contract created by V God makes the blockchain have divergent applications; in the era of 3.0, innovation public chains such as EOS make the application of blockchain easier to land. It will open Forbes in the era of blockchain 4.0 and create a distributed financial era of "ten thousand chain interconnection". My feeling is that Forbes is going to overthrow the traditional Internet and the classic blockchain, and reshape a financial world built directly on the blockchain.
The most classic sentence on the Internet is: change your life, but it has nothing to do with you.
In this way, Forbes uses the philosophy of blockchain and further technology to redo blockchain and bring blockchain to a new dimension. Today's bitcoin looks like a monument and a myth, but Forbes is using its cross chain technology and financial deployment to gently reinterpret the blockchain.
Next, I will expand what you are concerned about and what I see in the form of Q & A:
1. Is it investment or speculation to participate in Forbes?
Although we do not exclude speculation, there is no doubt that participating in Forbes is one of the best investment behaviors in 2020, no less than investing in bitcoin in 2013 and Ethereum in 2016. Forbes is a pure technology project, with no messy black box operation. As Forbes early deployed the ore field to facilitate the construction of cross chain system, early users can rent the Forbes BTC miner loaded with self-developed bitcoin ASIC chips by way of mortgage, with the strongest configuration on the ground. Moreover, in the process of mining, the early nodes do not even need to pay a penny, only mortgage deposit can deploy the physical miner. The income obtained can also participate in the early stage node plan carried out by Dao organization, and part of the income can be converted into GFS through Forbes wallet.
And the deposit is not a routine, all the mortgage deposits will be locked in the chain. With the shortening of the lease term, each day will be returned to the user's wallet through the "deposit smart contract", without any centralized individual and organization participation in the whole process. In this way, it is equivalent to zero risk investment! After all, Forbes, with its cryptology and open source spirit, is inherently powerful. What Forbes wants to change is the life of centralization!
And then there's no more. Jane is not simple.
2. Why do you like Forbes?
Very simple, blockchain 4.0
First of all, let's not talk about anything. Forbes has solved a problem - mining hegemony.
In the past, blockchain seems that nodes can enter and leave freely, but in fact, it needs a huge threshold to become nodes and obtain mining rewards. Whether it's bitcoin, you need to buy very expensive and complex mining equipment (ASIC miner), or EOS, Tron and other POS projects, and you need to hold a large number of coins to be elected as nodes. All in all, most of the current blockchain systems need very high mining costs, which in essence violates the principle of zhongbencong's blockchain design.
The powerful thing about Forbes is that it creatively constructs dpoc as a consensus mechanism of trunk chain (main chain). Dpoc is a kind of common understanding of POC. There is no big deployment threshold for mining with hard disk miner. As a result of the consensus between Forbes blockchain Multi Chain Design and dpoc, all mining machines that do not have the relay chain node selected can pack the interaction information between the parallel chain and the relay chain, and can also obtain the block reward. In essence, such a design realizes Zhongben Cong's idea that everyone can dig. Let alone Forbes to build a mine pool, to build the strongest mining machine that can dig out the Forbes token GFS.
With this in mind, which blockchain product can match.
Layout of Forbes
The vision of Forbes: to build the most universal distributed financial system in the world, driven by Forbes, the most widely used cross chain system in the world.
I saw two key words: cross chain, distributed Finance
Cross chain is the most urgent problem in current blockchain ecology. In the past 10 years, various blockchain systems have been deepening in security and performance, but no progress has been made in chain and chain scalability. As you can see, the chain and the chain is an island. Can EOS players and wave players break the bond?
In the human financial life, transaction, loan, personal credit, supply chain finance, stock, commodity... They are directly full of interaction and connection. It can be said that human beings are dealing with all kinds of transactions all the time. Can the isolated blockchain really solve the problem?
Forbes is born to be a global distributed financial system and truly a financial ecosystem. Imagine what a change it would be if you could smoothly carry out blockchain financial activities with foreign small partners. This pattern is too big for me to say. But please believe that if this is done, it can be described as a complete disaster.
3. Is it better to mine or invite new people?
Since this is my experience interpretation, I think: invite, boldly invite new people. Every time you invite one, you add a certain amount of calculation power. It's good to mine in Buddhism, but if you can participate in the birth of a great project, you can get more profits. Why not?
Let's take a different perspective: now that you recognize Forbes, you recognize its value. Or you're not going to dig, are you! So, why can't we add more yards! Since we are trying to change our destiny, this is the highest lever. If it does, which lever can be bigger than Forbes!
So, invest money or energy, and do what you can.
4. Do I want to join the Forbes pool project?
Do you want to do it.
They all recognize the value, so they can download the application directly.
My original intention:
First of all, GFS coin is a new mining model - POC hard disk mining that "everyone can dig, everyone can benefit". It avoids pow (proof of work workload) which is a large power consumption mode. In the initial stage of the main network online, Forbes opened the mine pool plan, leasing the mine machine at zero cost, becoming the earliest node of blockchain 4.0 representing the project, and obtaining the maximum benefit. Why not? You know, GFS production is also halved in four years. To dig now is to dig bitcoin before 2013, without cost.
Secondly, in this stage, we can also increase the number of invited nodes. After the completion of the mining pool plan, we can only rely on hard indicators to increase the computing power. Now we can also rely on our efforts to get more profits. Therefore, in the face of equal opportunities for all, this is a great opportunity to take the initiative. Still hesitant?
5. Blockchain is my knowledge blind area. What can I do if I don't understand cross chain knowledge?
First of all, you have to ask you, this is the excuse you don't want to get wealth?
Not only Forbes is your knowledge blind area, but blockchain is a knowledge blind area for ordinary people. However, you should know that in 2020, the State advocates blockchain, the central bank DCEP has been put into trial operation, and blockchain has been applied in many aspects. Are you still in your blind spot?
Of course, it's not good to pull the national flag. Let's talk about something practical. Opportunity always appears in new things. Ask, what's the matter with you, a solidified model? You have money or connections. I believe that choice is more important than effort. A road, if we choose the wrong direction at the beginning, the harder we work, the farther away we are from our goal.
Therefore, the knowledge blind spot is not my problem, but whether you have a heart willing to contact new things!
Among the miners I know, there is a 67 year old elder brother who has been a soldier, a factory, a traditional businessman and a cell phone. Do you still have his blind spot?
6. Will Forbes succeed?
To be honest, I don't know. But I know that it is the blockchain project that I hope to reach the most in 2020. For details, please refer to the second question, why I like Forbes. If you really question Forbes, you can choose to only participate in the "miner Alliance Plan" and choose to mine at zero cost. No matter how the Forbes project progresses, you can get the benefit of mining without cost. Why not? Besides, when the Forbes project is really implemented, you can decide whether to invest in GFS. I'm sure you will have your own judgment at that time.
7. What is the most important thing to dig GFS?
Insist, insist, or insist.
We must make full use of our efforts in the earliest planning activities of the mine pool. After all, mining at zero cost + inviting to increase the calculation power and increase the support in the wet season. At this stage, we must dig more coins and exchange more for GFS. Maybe the reward coins you dig out in three months can't be found in a year after you try to buy hard disk mining machines for nodes.
8. There are so many people who rent mining machines first. Do I have a chance?
People die more than people, and goods are thrown away more than goods. Don't compare with others, just be yourself.
God said, I can fulfill your one wish, but I will give you twice as many neighbors.
You will choose 10 million positive choices,
Or one less arm in the dark?
Mining is like this. Those old miners are your neighbors. Dare to own 10 million good, do not think about neighbors than you 10 million. Is that right? And when there are 10000 GFS, do you still want someone to have 100 more than you?
9. How much is GFS worth?
To be honest, I don't know. The number of GFS is 21 million bitcoin, and the price of bitcoin is about 60000 yuan. The GFS main network has just been launched. In some markets, its price has increased more than 10 times in five days, far exceeding the price of bitcoin before the half reduction. The miners who rent mining machines in advance are blessed.
As for the future, with the start of the implementation of blockchain financial facilities this year, GFS must be just the beginning. Where is the top? We witnessed it together.
10. Which do I want, kusd or usdt?
For now, it doesn't matter which one you use. Although usdt has a lot of potential risks, there are still many people using it. However, we all know that it will have a thunderstorm sooner or later.
As a cross chain gold stable currency, when cross chain finance begins to integrate into public life, kusd will show its power, which is better than issuing a usdt once in a chain. Moreover, more than 95% of the value of each kusd is based on gold, which can be exchanged by major gold exchanges in the world. The stability of gold. Have you seen it clearly in this epidemic? This is beyond the dollar.
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InterValue: A project will subvert EOS Blockchain 4.0

Currently, the successful application of blockchain of various types to reality is largely based on instability and it is difficult to be effective. Therefore, there is an urgent need to develop R&D for the underlying infrastructure of the blockchain. In turn, it provides reliable support for all kinds of blockchain applications, and thus promotes the real application of blockchain technology in various industries. The InterValue (INVE) is born to solve these problems.
1 Introduction
1.1 What are the problems in the current blockchain infrastructure?
Currently, various Blockchains such as EOS, NEO, ArcBlock and other projects emerge continuously, but most of them are based on Ethereum.
They are far from criteria of Blockchain 4.0. Most of project teams which implement Blockchain with application scenario are limited by performance, applicability and stability of the underlying chain. And they are currently at an early stage.
Poor performance: Performance is one of the main challenges for current Blockchain technology. For example, a simple CryptoKitties application can slow down Ethereum and increase transaction fees dramatically. Today’s consumer applications must be able to handle tens of millions of active users daily.
Difficult to use: Today’s Blockchain applications are built for the few tech whizzes who know how to use them, rather than common users. Nearly all Blockchain applications require users to either run a Blockchain node or install a “light node”.
High cost: The extremely high cost of using Blockchain technology is a major barrier to adoption. It also limits developers who need the flexibility to build free services.
Platform lock-in: Same as the early days of any computing technology, Blockchains have critical “platform lock-in” problems. Developers have to decide which Blockchain to develop, then implement platform-specific code, which makes it very difficult to switch an application to another Blockchain.
Low applicability: Blockchain technology is still in its infant stage. Most Blockchain services lack rich features and don’t have a mechanism to encourage the community to help the feature stacks.
1.2 What is InterValue?
InterValue: Internet value. INVE: InterValue Token.
Our goal is to build InterValue to be an infrastructure of Blockchain 4.0 with features such as DAG enhanced, full functions supported, high performance, easy to use, friendly user experience, scalability. And then we will produce the ecosystem of Blockchain 4.0 applications based on InterValue.
Key technologies in the platform and features in Blockchain infrastructure are the topmost focus for InterValue. The features include the anonymous P2P protocols, a novel anti-quantum hash algorithm and a novel signature algorithm, a unique double-layer consensus and mining mechanism for transactional anonymous protection, a Turing complete smart contracts, etc. It uses fair distribution mechanism to support third-party asset distribution, cross-chain communications, multi-chain merging functions such as public chain, permissioned chain, consortium chain and other forms fall into the practical application of the Blockchain 4.0 infrastructure.
Today’s Blockchain technology has undergone several iterations:
(1) Blockchain 1.0: Cryptocurrency. In early 2009, the Bitcoin network was officially launched. The Blockchain is actually an extremely ingenious distributed shared ledger and peer-to-peer value transfer technology.
(2) Blockchain 2.0: Smart contracts. Around 2014, industry community began to recognize the importance of Blockchain technol-ogy, and create a common technology platform to provide developers with BaaS (Blockchain as a service), which greatly improve the transaction speed, reduce resource consumption and support multiple consensus algorithms such as PoW, PoS and DPoS, as well as making DApp development easier.
(3) Blockchain 3.0: Blockchain technology application. After 2015, with the rise of Blockchain 3.0 technologies based on DAG data structures, such as Byteball and IOTA, Blockchain systems are more efficient, scalable, highly interoperable, and offer a better user experience than before. Applications of Blockchain gradually extend to healthcare, IP copyright, education, and IOT. Broader applications such as sharing economy, communications, social management, charity, culture and entertainment.
(4) Blockchain 4.0: Blockchain ecosystem. Recently, Blockchain 4.0 technologies based on Hashgraph data structure have gradually attracted attention of industry community. The consensus algorithm based on Hashgraph can achieve a qualitative growth in transaction throughput and scalability. The Blockchain will become the infrastructure of industry and from a consolidation ecosystem, which also changes people’s lifestyle extensively and profoundly.
1.3 Key Features of InterValue
InterValue has made great improvements at all levels of the blockchain infrastructure and has made breakthrough innovations at some levels.
Eight key features:
(1) Based on the novel data structure HashNet derived from DAG, the storage space is greatly reduced, and storage efficiency and security are improved.
(2) The two-level consensus mechanism, based on HashNet and BA-VRF, can support high concurrency and rapid confirmation, and create an ecosystem for different applications.
(3) The cross-chain communication and multi-chain fusion technologies implemented using the HashNet consensus external subnet mechanism makes cross-chain transactions seamless and transparent.
(4) Numerous functional interfaces meet the requirements of different application scenarios for industries.
(5) A new anti-quantum attack algorithm eliminates the threat from quantum computing.
(6) A new smart contract based on the complete Moses programming language of Turing, which can adaptively and securely access blockhead data under the wire to facilitate various applications.
(7) A variety of reliable privacy protection mechanisms based on P2P anonymity, zero-knowledge proofs and ring signatures can provide communication privacy and satisfy transaction anonymity protection.
(8) Comprehensive use of multiple Token distribution methods and support for double-layer mining incentives.
The most important core innovation of InterValue is the proposed HashNet consensus protocol. The HashNet consensus protocol attempts to form a divide-and-conquer distributed system through “on-chip autonomy, inter-chip collaboration”. It uses an original fragmentation algorithm to organically integrate HashGraph data structure, the multi-signature, PoW consensus, etc achieving a perfect balance among decentralization, security and high transaction throughput rates.
According to the official white paper for InterValue, we also learned that the current public version of InterValue 1.0 has been completed. Version 2.0 is in full swing, and is expected to release by the end of June. The consensus mechanism used by the InterValue 1.0 public beta is a two-layer consensus mechanism based on the combination of the DAG consensus and the BA-VRF consensus. Starting from the version of InterValue 2.0, the basic DAG consensus will be replaced by Dash consensus based on HashNet. The consensus mechanism is a two-level consensus mechanism that combines the Dash consensus of HashNet and the BA-VRF consensus mechanism.
1.4 Application Scenarios
The main scenes of InterValue are as follows: (1) Digital currency; (2) Extensive financial application; (3) Non-financial applications.
Digital currencies:
The core application scenes of digital currencies are as follows: (1) Third party asset issuance; (2) Crowdfunding.
Extensive financial application:
The main application scenes of digital currencies are as follows: (1) Cross-border payment, Supply chain finance, Digital bill; (2) Asset Securitization, Bank reference, Insurance.
Non-financial applications:
InterValue can realize direct transactions and all information processing between multiple points, improve efficiency, save transaction costs, and create credit, which is conducive to the development of non-financial applications. Mainly include medical, Internet of things, IP copyright & cultural entertainment, and public service & education.
From the current progress of InterValue and its follow-up development plan, InterValue mainly has the following advantages:
(1) The blockchain 4.0 infrastructure targeted for practical use in design is designed with advanced technical features. It is a blockchain 4.0 infrastructure that supports blockchain technology’s large-scale popularization and application.
(2) The application of Blockchain based on InterValue is rapidly advancing and is currently planning and developing a distributed social networking platform based on InterValue and a globally distributed storage grid based on InterValue. In addition, there is news that the team is planning a killer chain application with a large user base.
(3) As a technology provider, the team has cooperated with a number of companies that have used blockchain technology to optimize and enhance their existing business processes, and has used the InterValue infrastructure in multiple practical applications and scenarios.
(4) Build a developer community and ensure that more technical talents are added to the optimization and optimization of InterValue infrastructure and DApp development based on InterValue at the technical level.
(5) The team is actively building a blockhead technology to popularize the community and promote the popularization of blockchain technology.
3. Tokens
INVE Token is used for community maintenance, the cost of developing program applications, and the value interconnection between users of various platforms.
The total amount of INVE Token issuance is 10 billion, of which 6 billion are generated by mining. The project sponsors reserve 4 billion for the foundation, project research and development, project promotion and team building. A total of 9% of the reserved INVE Tokens are used for project fund raising. The fund-raising plan will be launched in the first quarter of 2018. It will issue tokens INVE on Ethereum, which will be converted into INVE Token after the official launch of the InterValue main chain.
4.1 Foundation: InterValue Foundation is a non-profit organization. Through the establishment of related departments, the Foundation is committed to the development of InterValue and manages the open source, community construction and deliberations of InterValue improvement. Moreover, to make the project run better, the Foundation is also committed to the finance, team building and external relations.
The organizational structure of the InterValue Foundation is as follows:
4.2 The core team members:
CEO: Barton Chao. Blockchain industry practitioner, Ph.D., Senior expert of P2P, cryptography, network security and Blockchain. He is a pioneering developer of Blockchain since 2009. His main work contains researching the underlying technologies of Blockchain, combining block chain with industry, and applying Blockchain technology in actual application scene. Since he has planned and developed a number of Blockchain related projects, he has profound understanding and rich practical experience of the technical principle of the blockchain, the underlying technology, the middle-layer protocol, applications on the chain, application scenes, development trends and etc.
CTO: Leo Cheung. Ph.D., Visiting scholar of Hong Kong University Science & Technology. His main research areas are P2P computing, efficient management of big data, intelligent analysis, deep learning and etc. He has published over 30 high-level papers, 4 monographs and has led and participated 10 high-level scientific research projects. He has been engaged in structure design of a P2P system and has deep understanding of the double layer structure of P2P topology.
Chief Architect: Joey Zhong. He has been working for IBM for many years and has been engaged in the design and R&D of distributed resource scheduling system and high performance computing framework system. The products developed are widely used in investment banks in Europe, the United States and Asia. He has accumulated a wealth of experience in the optimization of the performance, scalability, and stability of distributed software systems. In 2012, he began to contact Blockchain technology and has been engaged in the design and R&D of Blockchain products. He has deep understanding, practical and working principle of experience of underlying Blockchain technology.
COO: Scott Guo. He worked for VIEDA, Red Net, Alibaba and Tencent as Marketing Director. 14 years experience in Internet product and service operations. Over the past ten years, has been committed to the Internet and big data and intelligence, in the field of research and applications. In the past 10 years, he has been put in charge of and participated in large-scale system development projects such as government and large enterprises. He achieves good government and large enterprise service and cooperation experience.
In the list of consultants, we also discovered Dr. John Glossner, chairman of the Global Heterogeneous Systems Architecture Alliance. Yongke Xue, doctor of Economics of School of Economics and Finance, Xi’an Jiaotong University. Yugui Wang, Minsheng Bank’s current supervisor and Lizhi Ran, founder of Origin Capital.
In general, the InterValue’s team is highly professional. The team is currently led by an industry-wide Ph.D., with a total of 41 people and 35 people in development. These experts include experts in various financial industries, blackthorn technologies and information technology.
5 Risk
(1) INVE is still under development. INVE may fail or stop for any reason. The main reasons include: forced termination by regulators, insufficient funds, and insuperable technical challenges. The INVE token may not be delivered to investors due to the project failure.
(2) The architecture and vision of InterValue also have its competitors at this stage. There are many competing blockchain-based platforms (eg IOTA. ByteBall) already. Under this kind of competition, it is possible that INVE will be ruled out or replaced.
(3) The value of INVE largely depends on the popularity of the underlying public chain for InterValue. However, it is not expected to be popular or widely used within a short period of time after the release. In the worst case, INVE may only attract a small number of users. Lack of users’ use may lead to an increase in the price fluctuation of INVE market and thus affect the long-term development of INVE.
6 Summary
The vision of InterValue is to build a global value Internet that provides the underlying network for all types of value transmission applications. Undoubtedly it sounds like an ideal future-oriented project, but it requires a lot of time, energy and money to achieve the desired goal. Traditional ICO investors usually make quick profits by investing for six months or one full year. It takes more than a year for such projects as InterValue to develop into a complete product. Without doubts, the similar project we can think of to InterValue is HashGraph. This is a long-term (perhaps not the longest) investment opportunity. But it is undoubtedly more robust and has more potential for appreciation. It requires patience and understanding.
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