A Next Generation High-performance Decentralized Application Platform.
Vite is a generalised decentralized application platform that meets the requirements of industrial applications for high throughput, low latency and scalability while taking into account security. Vite uses DAG ledger structure, and transactions in ledgers are grouped by accounts.
The Snapshot Chain structure in Vite can make up for the lack of security of the DAG ledger. The HDPoS consensus algorithm, through which writing and confirming of transactions are asynchronous, provides high performance and scalability. The Vite VM is compatible with EVM, and the smart contract language extended from Solidity, providing more powerful ability of description. In addition, an important improvement in Vite design is the adoption of a asynchronous Event Driven Architecture, which transmits information through messages between smart contracts, which greatly improves system throughput and scalability.
In addition to built-in native tokens, Vite also supports users to issue their own digital assets, and also provides cross chain value transfer and exchange based on Loopring Protocol. Vite realizes resource allocation by quotas, and light users do not have to pay transaction fees. Vite also supports contract scheduling, name service, contract update, block pruning and other features.
Vite's consensus algorithm, called HDPoS, is a hierarchical consensus algorithm with low latency and high scalability.
In order to accommodate the existing ecosystem, the Vite virtual machine maintains maximum compatibility with EVM, while providing a more powerful smart contract language, which we call Solidity++.
Vite's original quota-based resource model and resource-leasing function ensure that system resources get allocated with maximum efficiency. Commercial Heavy users can be guaranteed sufficient quotas, while lightweight users do not have to pay commissions.
Vite's design of token issuing, token exchanging via loopring protocol and cross-chain protocol constitutes a complete closed-loop value system. Users can conveniently issue, store and exchange their digital assets in Vite system.
In the future, Vite’s mobile app will come with an HTML5 engine for creating dApplets (Decentralized Applets). Smart contracts on the Vite platform and corresponding SDK support will make it easy to develop and deploy dApps on Vite.
The PoW consensus algorithm has better security and has been running well in Bitcoin and Ethereum. However, there are two main problems in this algorithm. The first is to solve a mathematical problem that requires a large amount of computing resources, resulting in a waste of energy. The second is the slow convergence speed of the algorithm, thus affecting the system’s overall throughput. At present, the TPS of the Ethereum is only about 15, which is totally unable to meet the needs of decentralized applications
Vite makes use of a DAG ledger structure called block-lattice, which has far better performance than the traditional blockchain structure. To make up for the inherent security deficiency of the DAG structure, Vite incorporates the Snapshot Chain technology.
The hierarchical design of the consensus algorithm allows horizontal scalability in consensus groups.
Vite splits transactions into transaction pairs according to a "request-response" pattern. The writing and verification of transactions are asynchronously decoupled, thereby supporting ultra-high throughput.
With an event-driven architecture, every smart contract is viewed as an independent service. Contracts communicate via messages without sharing state.
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.
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 Loopring protocol. Users can obtain computing resources in multiple ways. Vite also supports quota leasing.
dApp Mini Programs
The Vite client features an engine for creating HTML5-based decentralized mini programs. This engine simplifies the process of dApp development and deployment.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Private Sale —
|0.000143 ETH||No||-||Uncapped||400,000,000 VITE|
Initiation of Project
System design of Vite, completion of white paper
Release the official website / Road show
Beginning of Vite Core's R&D
Vite Core alpha
Desktop client of Vite
Alpha version of Vite mobile app
Vite Core beta M2: Smart Contract / Solidity++ Compiler / Smart Contract API Documentation
Vite Core beta M4：Loopring / Ethereum cross-chain gateway
Vite integrated decentralized trading function within Mobile app
Vite Core beta M5: Contract upgrade / Block pruning / Solidity++ optimization
Vite Testnet Release
Vite 1.0 Release
<>Kickoff of plan for ecosystem development in Vite