Bitcoin Forum
June 07, 2020, 07:06:48 AM *
News: Latest Bitcoin Core release: 0.19.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 »  All
  Print  
Author Topic: [ANN] [VITE] [DAG + Smart Contract] Vite | Asynchronous Architecture  (Read 27525 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (6 posts by 3 users deleted.)
ViteLabs
Copper Member
Member
**
Offline Offline

Activity: 109
Merit: 10


View Profile WWW
October 24, 2018, 12:08:28 PM
Last edit: August 30, 2019, 09:12:20 PM by ViteLabs
 #1


A public chain and smart contract platform that facilitate lightning fast transactions at zero fees



Key Technical Highlights


Ultra-high throughput network enable zero-cost transactions

Directed Acyclic Graph (DAG) framework combined with a unique Snapshot Chain enables scalability while ensuring security

Asynchronous transaction architecture easily handles high transaction volumes while maintaining steady transaction rates

Delegated Proof-of-Stake consensus algorithm reduces confirmation time

Solidity++ smart contract language is maximally compatible with EVM

Open-source codebase with dozens of contributors and frequent Github commits


Basic Details

  • Name: Vite
  • Symbol: VITE
  • Initial Supply: 1,000,000,000 Vite
  • Inflation: Less than 3% per year
  • Transaction Fee: Quota Based Resource Allocation Protocol
    • 1. A PoW is calculated when the transaction is initiated (Just like Nano)
    • 2. Stake a certain amount of vite
    • 3. Destroy a small amount of vite
  • Consensus Algorithm: HDPoS Consensus Algorithm
  • Snapshot Chain Block Time: 1 seconds
  • Ledger: DAG (Block-Lattice) + Snapshot Chain
  • Smart Contract: Reactive Contract (Asynchronous Contract)
  • Smart Contract Language: Solidity++
  • Token Address: 0x1b793E49237758dBD8b752AFC9Eb4b329d5Da016
  • Private Sale Investor: Bitmain, Node Capital, LinkVC, Genesis Capital, Ok Capital

Pre-Mainnet


Exchanges


Resources



Product Ecosystem

Real-world Payment Experience. Vite’s platform offers feeless transactions with ultra-fast confirmations performed entirely on-chain. Although our ledger structure is inspired by Nano’s block-lattice, we have built upon their technology to improve performance, enhance security, and maximize throughput. With our improvements, we would like to build a larger and more active Vite-powered payment network than that of Nano’s.

Easy One-Click Token Issuance. Issuing tokens on Vite’s public chain does not require smart contract writing, thus greatly reducing the risk of bugs. When a user decides to issue a new token on Vite, all they need to do is initiate a transaction. The transaction then puts the new token parameters in the transaction data and the new issued token will share the same underlying protocol as the Vite native coin.

Built-in Trading. Vite has a decentralized exchange (ViteX) that will not only be available on the web but will also be integrated with the Vite wallet app. ViteX features cross-chain gateways to allow multi-platform trading with rapid, on-chain order book matching and processing.

Easy dApp Development. With Vite’s SDK, developers will be able to easily build smart contract-powered dApps on the Vite platform while simultaneously enjoying the benefits of Vite’s high-performance network. Developers familiar with Solidity will be able to quickly adapt to Solidity++ and import former Solidity code with minor tweaks.


Real World Use Cases

Public sector. Vite has partnered with the government of the city of Syracuse to design a blockchain-based, peer-to-peer loan program for low-income housing residents.

Progress. Vite’s plan for the city of Syracuse has been approved and the mobile app (to be built entirely on the Vite platform) pilot project has been completed. Vite’s plan features a reward-based token system to not only incentive donation but also stimulate the local economy:

  • Donors will donate fiat into a city-wide donation pool that will be used as emergency funding for low-income housing residents.
  • Blockchain technology enables transparency and real-time tracking of the money flow in and out of the donation pool.
  • As a reward for donating, donors will receive tokens (SyraCoins) that they can then redeem for public & private sector services in Syracuse. For example, if Alice donates $10, she receives 10 SyraCoins, which she can then redeem for 10% off at her local hair salon.

Decentralized exchange. ViteX, a heavy-duty dapp built on Vite (released in July 2019) has the following advantages:

  • True decentralization: Thanks to ultra-fast transaction speed and zero fees in the Vite network, our DEX will feature on-chain order book and on-chain matching.
    • The traceability of the on-chain order book prevents cheating behavior by an exchange, such as fabrication of transaction prices and volumes, which has allowed exchanges to control the market, de-value futures contracts, and feign trading activity.
    • The on-chain matching prevents the exchange from front-running the customer in the order book, e.g., by inserting the exchange’s buy order in a bull market.
    • The aforementioned on-chain feature is enabled by, and difficult to implement without, the ultra-fast transaction speed of the Vite network. The zero fees remove the need for gas when making or canceling orders. Many DEX’s are semi-decentralized, where the order book and matching engine are off-chain due to performance and fee reasons as mentioned above.
  • Cross-chain gateway: We allow incompatible coins issued on different blockchains to be exchanged directly via our platform.  E.g., the exchange of BTC and ETH will be made possible on our DEX.

Payment with stablecoins. Vite is in the process of developing partnerships with various stablecoins in order offer a real-world payment experience combining stablecoin payments with Vite’s high-throughput payment infrastructure.

Progress. Vite has formed a strategic partnership with the Alchemy Foundation, a payment company in Asia specializing in acquiring crypto-accepting merchants. Vite also built an online swag store that exclusively accepts cryptocurrency in the form of Vite Community Points (a token issued on the Vite platform).

Prediction markets. Vite’s technology also enables the creation of prediction markets. A malicious centralized authority that runs such a market may cheat in distribution to the participants. Vite’s blockchain affords the decentralization, and hence transparency, that prevents such behavior.

Progress. More than ten prediction market apps featuring true randomization have been developed by the community and are available on our mobile wallets.


Progress-to-date and Milestones

Technology. Development of the Vite platform began in May 2018. In September 2018, we released our web, Android, and iOS wallet apps. By November 2018, we released a fully-functional Testnet operating on the block-lattice DAG ledger with the following features:

  • Token issuance and forging
  • Supernode voting capabilities
  • Staking-based TPS quota
  • Feeless transactions
  • Hierarchical dPOS consensus algorithm

Since the release of our Testnet, we have been regularly updating our platform and adding new features, including multi-token support, performance optimization, and multi-VM support. In April 2019 we released a beta version of our DEX for open public testing.  

We currently have 50 public Supernodes and 1500+ public nodes.

We released our Pre-Mainnet on May 21, 2019 with the Mainnet to come in Q3 2019. Our DEX went live in July 2019.

Community. As we were building out our technology, we also took the time to spread awareness of our project and build a community around our project. We are very active on social media channels (Twitter, Discord and Telegram) and run regular campaigns to engage our community members. We have over 35 community managers that support groups across all the major languages, including English, Chinese, Russian, Korean, Japanese, Vietnamese, Thai, Arabic, German, Turkish, Indonesian, Spanish, Malaysian and Filipino. Our Twitter following has grown organically to 9500+ and our English Telegram group alone has over 21,000 members.

▐ ████|    ViteX   |   https://vitex.net/    |████ ▌
Exchange By The Community, For The Community
1591513608
Hero Member
*
Offline Offline

Posts: 1591513608

View Profile Personal Message (Offline)

Ignore
1591513608
Reply with quote  #2

1591513608
Report to moderator
1591513608
Hero Member
*
Offline Offline

Posts: 1591513608

View Profile Personal Message (Offline)

Ignore
1591513608
Reply with quote  #2

1591513608
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
ViteLabs
Copper Member
Member
**
Offline Offline

Activity: 109
Merit: 10


View Profile WWW
October 24, 2018, 12:50:28 PM
Last edit: November 29, 2018, 08:59:44 PM by ViteLabs
 #2

We are currently running a campaign in order to help promote the launch of our TestNet! In this bounty, we will be giving away VITE Test Net Tokens (which will be migrated to actual VITE tokens when the MainNet launches)!! Deadline: December 15, 2018

Link Below:
https://bitcointalk.org/index.php?topic=5056409.msg48287593#msg48287593

▐ ████|    ViteX   |   https://vitex.net/    |████ ▌
Exchange By The Community, For The Community
ViteLabs
Copper Member
Member
**
Offline Offline

Activity: 109
Merit: 10


View Profile WWW
October 24, 2018, 01:16:59 PM
Last edit: November 06, 2018, 10:14:12 PM by ViteLabs
 #3

Hello!

We sincerely welcome your participation in Vite Labs' upcoming TestNet incentive program (aka Super Nodes mining program).  To participate, you would apply to become a super node, and once approved, compete in super node election on our network. When you are a super node, each time you produce a snapshot block will entitle you to mining rewards. 

More detailed and technical instructions will be provided when the incentive program goes live in mid-November.  For now, you may apply by following these steps: visit vite.org, navigate to "Super Nodes" at the top, and then click on "Apply for SBP" to complete the application form.

Below are some key points with the incentive program (also see the enclosed infographic):

+ Return on investment may reach 240%: The supply of VITE (initially 1 billion) will rise at 3% per year. All of this inflation will be distributed to the super nodes.  There will be 25 super nodes in total.  If a node remains a super node for a full year, it will get 1.2 million VITE. With the initial staked amount of 500k VITE, the ROI is 240%.

+ Requirements on token staking (approx. USD $15k): On Vite TestNet, each node must stake at least 500k VITE (This requirement will be raised to 1 million for MainNet)  AND have received at least 200k votes to be eligible as a super node.

+ Additional benefits in operating full nodes and voting for official super nodes: Vite Labs will run at least 5 super nodes. All tokens generated by official super nodes will be allocated to our community. On an annual basis, 70% (4.2 million VITE) of these tokens will be rewarded to voters for Vite's official super nodes, and 30% (1.8 million VITE) will be rewarded to all full nodes.

+ Hardware requirements (less than $250/month): Recommended: 8-core CPU, 16GB memory and 100Mbps bandwidth. Higher system demands may be required when transaction volume increases.

Please email back if you have any questions. You may also ask questions in our Discord or Telegram groups:

Discord: https://discordapp.com/invite/CsVY76q
Telegram: https://t.me/vite_en

We look forward to hearing from you.

Regards,
Team Vite

▐ ████|    ViteX   |   https://vitex.net/    |████ ▌
Exchange By The Community, For The Community
ViteLabs
Copper Member
Member
**
Offline Offline

Activity: 109
Merit: 10


View Profile WWW
October 24, 2018, 01:45:31 PM
Last edit: November 06, 2018, 10:16:38 PM by ViteLabs
 #4

As Vite enters the TestNet phase, we are celebrating by launching the Community Rewards ++ program:

https://medium.com/vitelabs/vite-community-rewards-launch-vol-1-d9f86ddce072

▐ ████|    ViteX   |   https://vitex.net/    |████ ▌
Exchange By The Community, For The Community
ViteLabs
Copper Member
Member
**
Offline Offline

Activity: 109
Merit: 10


View Profile WWW
October 24, 2018, 01:56:38 PM
Last edit: November 21, 2018, 01:09:40 AM by ViteLabs
 #5

We plan to hold a quiz campaign to test community knowledge on our recently-released Vite TestNet Incentive Plan!

The quiz will run from 9:00am to 9:30am (Pacific Standard Time) on Nov 21.

There will be 12 questions in this quiz presented in multiple-choice format.

For each question, we will determine 10 winners: Vite will reward the first 5 quiz takers who answer a question correctly.  We will also randomly select an additional 5 winners from the next 15 correct answers.

Each winner will receive 6,000 VCPs. So if you get every question right, you get 72,000 VCPs!

You will need a Vite address & Vite Test Tokens to participate.

You can obtain a Vite address on our TestNet by using one of our Vite wallets. You can generate an address on our Desktop or iOS wallets, or on our web wallet.

You can obtain Vite Test Tokens in our web wallet, by clicking on the 'get test tokens' button.

The quiz questions will be included in this post once the quiz opens.

The Desktop or iOS wallets are here: https://vite.net/
The web wallet is here: https://wallet.vite.net

▐ ████|    ViteX   |   https://vitex.net/    |████ ▌
Exchange By The Community, For The Community
Lucasgabd
Sr. Member
****
Offline Offline

Activity: 1078
Merit: 327


View Profile
October 24, 2018, 06:10:22 PM
 #6

Is this a repost?
How is the distribution of these 40% of total supply happening?
Is it only for the ones that contributed with ETH already?

disconnectme
Hero Member
*****
Offline Offline

Activity: 1372
Merit: 505


View Profile
October 24, 2018, 06:28:28 PM
 #7

Why are ou guys just creating the ANN on BCT after which the ICO has been concluded, there are some good DAG projects now also the smart contract projects just keep increasing, I am of the opinion that it would be a winner takes all in the space, the project that can offer the best scaling solution, not centralised and security would lead the raise
eli_lyd1
Sr. Member
****
Offline Offline

Activity: 422
Merit: 250


ViteX -- DEX By the Community, For the Community


View Profile WWW
October 25, 2018, 01:05:43 PM
Last edit: September 23, 2019, 02:21:19 AM by mprep
 #8

Why are ou guys just creating the ANN on BCT after which the ICO has been concluded, there are some good DAG projects now also the smart contract projects just keep increasing, I am of the opinion that it would be a winner takes all in the space, the project that can offer the best scaling solution, not centralised and security would lead the raise

We have create the BTT, here is the older one: https://bitcointalk.org/index.php?topic=4438416.new#new



Is this a repost?
How is the distribution of these 40% of total supply happening?
Is it only for the ones that contributed with ETH already?

1. The older one is abandoned.
2. The 40% of total supply is sold by private sale.

ViteLabs
Copper Member
Member
**
Offline Offline

Activity: 109
Merit: 10


View Profile WWW
October 25, 2018, 03:02:13 PM
 #9

Why are ou guys just creating the ANN on BCT after which the ICO has been concluded, there are some good DAG projects now also the smart contract projects just keep increasing, I am of the opinion that it would be a winner takes all in the space, the project that can offer the best scaling solution, not centralised and security would lead the raise

This post is meant to be a replacement for an older post, as mentioned in the reply immediately above this one.

To our knowledge, no other projects have successfully implemented smart contracts on a DAG ledger.  Besides this, we also have many other advantages, including a language called Solidity++ that supports asynchronous architecture and is still maximally compatible with EVM.  Token issuance will not be done with smart contracts (whose security can be compromised with bad coding practice) but rather a simple mechanism where all tokens on our platform share the same level of security ensured by Vite's infrastructure.  We will also have our own DEX and cross-chain gateway with mainstream tokens such as bitcoin, ETH and some stable coins.

▐ ████|    ViteX   |   https://vitex.net/    |████ ▌
Exchange By The Community, For The Community
Jadz
Jr. Member
*
Offline Offline

Activity: 223
Merit: 2


View Profile
October 25, 2018, 08:55:07 PM
Last edit: September 23, 2019, 02:29:18 AM by mprep
 #10

Vite TestNet Incentive Plan Roll Eyes
Super Node Election and Mining Rewards
https://medium.com/vitelabs/vite-testnet-incentive-plan-744cf45a9d09



Deep immersion in structure of Vite, do not miss it!
Smart Contracts in DAG: What is “DAG + Smart Contract” ?
https://medium.com/vitelabs/smart-contracts-in-dag-5059250b916b
khossain2334
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
November 03, 2018, 04:15:14 PM
 #11

ETH Address:0x3BDA21E482919105BECf6E186b0a08a3B290Bf9F
Telegram Username:@motoleb81
Twitter profile link: https://twitter.com/motaleb81
Youtube profile link:https://www.youtube.com/channel/UCkywR7VHKSXkxR2DgGQI4Cg
Jadz
Jr. Member
*
Offline Offline

Activity: 223
Merit: 2


View Profile
November 06, 2018, 10:12:28 PM
 #12

Vite Bi-Weekly Report
Oct 16–31, 2018


https://medium.com/vitelabs/vite-bi-weekly-report-2eb2e615a38f
ViteLabs
Copper Member
Member
**
Offline Offline

Activity: 109
Merit: 10


View Profile WWW
November 08, 2018, 07:52:24 AM
 #13

Deep immersion in structure of Vite, do not miss it!
Smart Contracts in DAG: What is “DAG + Smart Contract” ?
https://medium.com/vitelabs/smart-contracts-in-dag-5059250b916b
Thanks for posting. This is a good article, written by our CEO Smiley

▐ ████|    ViteX   |   https://vitex.net/    |████ ▌
Exchange By The Community, For The Community
Jadz
Jr. Member
*
Offline Offline

Activity: 223
Merit: 2


View Profile
November 09, 2018, 09:56:13 PM
 #14

TestNet 1.0.0 is Formally Launched
Significantly ahead of schedule Shocked
Details:https://medium.com/vitelabs/testnet-1-0-0-is-formally-launched-f0e6295f7ad6
eli_lyd1
Sr. Member
****
Offline Offline

Activity: 422
Merit: 250


ViteX -- DEX By the Community, For the Community


View Profile WWW
November 15, 2018, 02:50:04 AM
Last edit: September 23, 2019, 02:37:12 AM by mprep
 #15

We are currently running a campaign in order to help promote the launch of our TestNet! In this Bounty, we will be giving away both our VCP and VITE Test Net Tokens.



What are VCP Tokens?:

 These are Vite Community Point that live on the Vite Blockchain and can be used to buy goods in our Vite Store - we will be selling Shirts, Mugs, Hats as well as a few other surprises! Our international store will be opening sometime this month (our store for the China market is currently open and can be found here: www.vite.store)


What are Vite Test Net Tokens?:

These are tokens that were swapped at a 1:1 ratio from our ERC20 Tokens and reside on the Vite Blockchain (read more about this here: https://medium.com/vitelabs/burn-notice-effective-lockup-of-all-uncirculated-tokens-until-mainnet-launch-1527f0dfad31). These Tokens will not be supported by centralized exchanges until our Main Net launches - where at that time, they will be converted to actual VITE Main Net tokens (note: you can still trade our ERC20 tokens just like any other cryptocurrency)


Reward:

  • 25 VITE on our TestNet (which will convert to actual Vite when our MainNet launches)
  • 20,000 VCP

Deadline:

11/27/18 (limit 2,000 entrants)

Directions:

1. Create a web wallet and create an address on our TestNet (make sure you safely store and keep your keys private! This is the address where you will receive your rewards): https://www.vite.net/

2. When you go to your web wallet, you will see a faucet to receive test VTT tokens - click "Get Test Tokens"

3. Send 25 VTT tokens to two different Vite addresses who replied to this tweet: https://twitter.com/vitelabs/status/1061016600285896704

4. "Like" and follow our Facebook page: https://www.facebook.com/vitelabs/

5. Join our Telegram Group: t.me/vite_en (also follow our Community Rewards Channel for opportunities to receive more tokens: https://t.me/vite_rewards)

6. Follow us on Twitter

7. Retweet: https://twitter.com/vitelabs/status/1061016600285896704. After you retweet, make a comment on the tweet with what your Vite wallet address, $vite and your thoughts on the project

8. Fill out this form: https://goo.gl/forms/J4mM4zv0igQ6IRPR2







For Example:


plasmoske
Sr. Member
****
Offline Offline

Activity: 308
Merit: 251

The realist


View Profile
November 15, 2018, 08:22:01 AM
Last edit: November 15, 2018, 10:06:21 AM by plasmoske
 #16

The team is full of engineers from leading Chinese firms (Alibaba, Tencent, JD etc). They're active as hell on their Github https://github.com/vitelabs and almost a year ahead on their roadmap (Testnet is alreadyout when it was stated to be released in late 2019!). Team consist mostly of engineers and they have offices in San Francisco and Beijing.

Their supernode elections will be out soon and I think it'll be a good time to buy/research into Vite. A supernode however costs about 500,000 Vite so not really affordable for most. However if one is able to become one, they can earn up to 3000+ vite a day. They will be handing out rewards as an incentive for people who vote on supernode elections (need Vite tokens to vote) and people who will run node servers (do not require Vite tokens to operate) so it's really a good time to start looking at it. Maybe earn some extra tokens just by running a node or two.

Their consensus protocol will be DPoS based and operates similarly to Lisk/EOS.

Look into Vite. I know I have.
jeez07z
Newbie
*
Offline Offline

Activity: 9
Merit: 0


View Profile
November 15, 2018, 08:27:30 AM
 #17

The next gen super platform for blockchain. Vite is an incredible project.love the wallet

#Letscreatesomethingcool
siribo4134
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
November 15, 2018, 08:44:00 AM
 #18

Done !!

Great Work Vite !!
kwarktaart
Newbie
*
Offline Offline

Activity: 50
Merit: 0


View Profile
November 15, 2018, 10:12:26 AM
 #19

So I have to say I'm impressed by these guys development speed, they are way ahead of the roadmap.. that's rare in crypto
Truly Vite  Grin

#Letscreatesomethingcool
omi121
Newbie
*
Offline Offline

Activity: 40
Merit: 0


View Profile WWW
November 15, 2018, 12:53:53 PM
 #20

I have been in crypto for the past few years. Got the chance to participate in some ICOs but every one disappointed me to some extent. As far as Vite's team is concerned, they are simply awesome. I mean they are an year ahead of their roadmap. This is something you can't expect or heard before. But Vite seems to set some new standards in crypto domain.
#Letscreatesomethingcool
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!