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Vite is the next generation of High-performance decentralized application platform, which aims to provide a reliable public platform for industrial
Telegram: https://t.me/vite_en with the fast-growing community
Vietnam Telegram group: https://t.me/vite_vietnam
II. Token metrics
Vite is a general-purpose blockchain platform for decentralized applications. It is designed to support industrial-strength applications by offering high throughput, low latency, and scalability while also providing security.
The Vite team is dedicated to addressing current performance and scalability issues of infrastructural chains so that truly practical applications with high-frequency data requirements can be built in a blockchain framework.
1. Ultra high performance
1.1 DAG ledger
Vite’s platform is being built and developed through DAG ledger, which has far performance compared to the blockchain structure. DAG and blockchain accomplish similar goals with different techniques. In this ledger, the transactions are grouped by accounts, in which each transaction only changes the state of one single account. The hierarchical design of the consensus algorithm allows horizontal scalability in consensus group.
Furthermore, Vite is applying the consensus algorithm called
In DAG technology, each new transaction confirms at least 1 previous transaction. Transactions are not grouped into blocks
1.2 Asynchronous architecture
The concept of asynchronous design is applied to
In asynchronous communication, a client can move ahead with its work after an asynchronous call. Therefore, the client is not blocked. Meanwhile, in the synchronous one, clients might be provided an instant response to success or failure. Asynchronous systems are event-based while the synchronous one is known as request/response based.
With an event-driven architecture, every smart contract is viewed as an independent service. Contracts communicate via message without sharing state.
This is the powerful smart contract language. Vite will provide Solidity++ contract language and a complete SDK to reduce the cost of asynchronous programming.
Solidity++’s syntax is compatible with most of that of Solidity. The new syntax supports asynchronous semantics, contract scheduling, and provides a series of standard libraries, such as string manipulation, floating-point operations, basic mathematical operations, containers, sorting, and so on.
3.1 End-to-end system for value transfer
Vite itself is a decentralized exchange that supports digital asset issuance, cross-chain value transmission, and inter-token transactions based on the
The Vite features an engine for creating HTML5-based decentralized mini-programs. This engine simplifies the process of
There are 7 people in their core team and advisors, they have a good background in terms of blockchain and distributed system. Furthermore, they have worked for a lot of big corporations before. However,
Some of Vite’s partners are venture capital funds, who have their own reputation in blockchain field. Vite’s investment institutions include Bitmain, Node Capital, LinkVC, Genesis Capital.
The roadmap is clear and specific, which defines the stages of development in each stage.
1. June 2018: Beginning of Vite Core’s R&D
2. Oct 2018: Vite Core alpha
3. Dec: Vite Core beta M1:
4. Jan 2019: Desktop client of Vite
5. Feb 2019: Alpha version of Vite mobile app
6. April 2019:
7. May 2019
8. July 2019: Vite core beta M4:
9. Aug 2019: Vite integrated decentralized trading function within Mobile app
10. Oct 2019: Vite Core beta M5: Contract upgrade/ block pruning/ solidity++ optimization
11. Nov 2019: Vite Testnet release
12. Jan 2020: Vite 1.0 Release
13. Feb 2020: Kickoff plan for ecosystem development in Vite
1. High throughput
VITE uses the DAG ledger structure, the orthogonal transaction can be written in parallel to the book; in addition, multiple consensus groups do not depend on each other in the HDPoS consensus algorithm, and can work in parallel; the most important thing is that the Vite’s inter contract communication is based on the asynchronous model of the message. All these are helpful to improve the throughput of the system.
2. Low delay
Vite uses the HDPoS consensus algorithm to collaborate to complete the rotation production block through the proxy node, without the need to calculate PoW, the block interval can be reduced to 1 second, which is beneficial to reduce the delay of transaction confirmation.
In order to meet the scalability requirements, Vite makes a single degree of freedom limit on the transaction, grouping the transactions in the account according to the account dimension, allowing the block production of different accounts to be completed by different node, and to remove the ACIS semantics of the cross contract calls to BASE semantics based on the message. In this way, nodes no longer need to save all the state of the world, and the data are saved in the entire distributed network in sharding mode.
The improvement of Vite’s usability include providing standard library support in Solidity++, dedicated to processing message syntax, timing scheduling of contract, VNS naming services, support of contract upgrading, and so on.
5. Value circulation
Vite supports digital asset issuance, cross chain value transfer, token exchange based on
Because Vite adopts quota based resource allocation model, lightweight users who do not trade frequently do not have to pay high fees or gas charges. Users can choose a variety of ways to change the calculation. Extra quota can also be transferred to other users through quota leasing agreement to improve the efficiency of system resource utilization.
C is different from C++, which is similar to Solidity and Solidity ++, they are quite compatible. In addition, a series of standard libraries, such as string manipulation, floating-point operations, basic mathematical operations, containers, and sorting will be provided in Solidity++.
Using event-driven will enable to maintain data consistency across multiple services without using distributed transactions. However, nothing is perfect, everything has two sides, with the architecture, the programming model is more complex and there are many issues to address: in order to be reliable, an application must atomically update its database and publishes an event. It can’t use the traditional mechanism of a distributed transaction that spans the database and the message broker.
Despite the unrevealed
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