[ANN] [VITE] [DAG + Smart Contract] Vite | Asynchronous Architecture

[PGPpfKkx]

I love the concept.

The only thing that worries me is an architecture that is based on EVM. How much does this make the project dependent on development of Ethereum?

Thinking about business, it's never very good to depend on the development on a competitor and VITE is a competitor of Ethereum.

Can someone from the team give some feedback on this?

Vite also has a virtual machine, however, we are very different from Ethereum. First, we have a asynchronous architecture, whereas Ethereum is synchronous. Second, we use DPoS algorithm, which is very different to Ethereum's proof of work but more similar to EOS. Our smart contract programming language is called solidity++, which is 90% competible with solidity. The resaon of having solidity++ is Ethereum has the biggest developer community. We want to eliminate barriers for developing Dapps on Vite.

thanks for the answer. what troubles me is that if Ethereum decides to change something in their EVM or solidity and you want to be compatible then you need to change things too that may not be possible etc. being compatible is quite tricky with fast moving projects.

[KhunSir]

I love the concept.

The only thing that worries me is an architecture that is based on EVM. How much does this make the project dependent on development of Ethereum?

Thinking about business, it's never very good to depend on the development on a competitor and VITE is a competitor of Ethereum.

Can someone from the team give some feedback on this?

Vite also has a virtual machine, however, we are very different from Ethereum. First, we have a asynchronous architecture, whereas Ethereum is synchronous. Second, we use DPoS algorithm, which is very different to Ethereum's proof of work but more similar to EOS. Our smart contract programming language is called solidity++, which is 90% competible with solidity. The resaon of having solidity++ is Ethereum has the biggest developer community. We want to eliminate barriers for developing Dapps on Vite.

thanks for the answer. what troubles me is that if Ethereum decides to change something in their EVM or solidity and you want to be compatible then you need to change things too that may not be possible etc. being compatible is quite tricky with fast moving projects.

The meaning of Vite VM is compatible with EVM is, solidity ++ shares the same syntax with solidity. On programming level, it is easier to develop in solidity ++ if you know how to develop in solidity. However, the asynchronous architecture makes Vite VM very different to EVM on infrastructure level. That means, Vite can still decide to change or not when solidity is updated. But it's unlikely to happen that solidity changes its whole syntax.

Besides, we acknowledge that solidity is not very well developed. Ethereum is developing Ewasm to be an alternative of solidity. Vite Labs is also doing research on that. Just like what you said, projects are moving so fast. So there will be new solutions to solve old problems, instead of old problems solving themselves.

[PGPpfKkx]

I love the concept.

The only thing that worries me is an architecture that is based on EVM. How much does this make the project dependent on development of Ethereum?

Thinking about business, it's never very good to depend on the development on a competitor and VITE is a competitor of Ethereum.

Can someone from the team give some feedback on this?

Vite also has a virtual machine, however, we are very different from Ethereum. First, we have a asynchronous architecture, whereas Ethereum is synchronous. Second, we use DPoS algorithm, which is very different to Ethereum's proof of work but more similar to EOS. Our smart contract programming language is called solidity++, which is 90% competible with solidity. The resaon of having solidity++ is Ethereum has the biggest developer community. We want to eliminate barriers for developing Dapps on Vite.

thanks for the answer. what troubles me is that if Ethereum decides to change something in their EVM or solidity and you want to be compatible then you need to change things too that may not be possible etc. being compatible is quite tricky with fast moving projects.

The meaning of Vite VM is compatible with EVM is, solidity ++ shares the same syntax with solidity. On programming level, it is easier to develop in solidity ++ if you know how to develop in solidity. However, the asynchronous architecture makes Vite VM very different to EVM on infrastructure level. That means, Vite can still decide to change or not when solidity is updated. But it's unlikely to happen that solidity changes its whole syntax.

Besides, we acknowledge that solidity is not very well developed. Ethereum is developing Ewasm to be an alternative of solidity. Vite Labs is also doing research on that. Just like what you said, projects are moving so fast. So there will be new solutions to solve old problems, instead of old problems solving themselves.

you seem to be part of the team. I couldn't find target tps for the project. do you plan to use the mainchain for everything or scalability through sidechains?

[tyz]

I recommend the project to a friend and advised him to download the wallet app to start with some VITE airdrops. He did so (Android wallet). Today he asked me why the app is asking him to allow access to calls and video chats when requesting airdrops by clicking on the button in the app. I could not answer that question because I used iOS and it was not asked here. Could it be that this is a bug in the software? I think it's strange if a wallet app wants to have access to the call functions.

[ViteLabs]

I recommend the project to a friend and advised him to download the wallet app to start with some VITE airdrops. He did so (Android wallet). Today he asked me why the app is asking him to allow access to calls and video chats when requesting airdrops by clicking on the button in the app. I could not answer that question because I used iOS and it was not asked here. Could it be that this is a bug in the software? I think it's strange if a wallet app wants to have access to the call functions.

This is used to prevent fraudsters, those who will change their imei / id to get an unlimited number of airdrops.

[dnsokoljuk]

Vite surprized me. In this market project shows not bad chart statistic and I think that Vite has a future.

[KhunSir]

I love the concept.

The only thing that worries me is an architecture that is based on EVM. How much does this make the project dependent on development of Ethereum?

Thinking about business, it's never very good to depend on the development on a competitor and VITE is a competitor of Ethereum.

Can someone from the team give some feedback on this?

Vite also has a virtual machine, however, we are very different from Ethereum. First, we have a asynchronous architecture, whereas Ethereum is synchronous. Second, we use DPoS algorithm, which is very different to Ethereum's proof of work but more similar to EOS. Our smart contract programming language is called solidity++, which is 90% competible with solidity. The resaon of having solidity++ is Ethereum has the biggest developer community. We want to eliminate barriers for developing Dapps on Vite.

thanks for the answer. what troubles me is that if Ethereum decides to change something in their EVM or solidity and you want to be compatible then you need to change things too that may not be possible etc. being compatible is quite tricky with fast moving projects.

The meaning of Vite VM is compatible with EVM is, solidity ++ shares the same syntax with solidity. On programming level, it is easier to develop in solidity ++ if you know how to develop in solidity. However, the asynchronous architecture makes Vite VM very different to EVM on infrastructure level. That means, Vite can still decide to change or not when solidity is updated. But it's unlikely to happen that solidity changes its whole syntax.

Besides, we acknowledge that solidity is not very well developed. Ethereum is developing Ewasm to be an alternative of solidity. Vite Labs is also doing research on that. Just like what you said, projects are moving so fast. So there will be new solutions to solve old problems, instead of old problems solving themselves.

you seem to be part of the team. I couldn't find target tps for the project. do you plan to use the mainchain for everything or scalability through sidechains?

Yes I am. We haven't tested our TPS yet. We want to do this when the network is more stable, maybe after we launch the MainNet. Currently, we don't have a plan to use side-chain. Vite uses a DAG-based ledger and (H)DPoS consensus to solve scalability problem.

[BiancaNas]

Pretty interesting project. I visited the website and seeing many members interacting each other and like freedom of speech. I think this project will become famous soon.

[pararius]

guys I like the project and the website, but please, it's 2019 and having a smart contracts tech project on a website without https is to say at least unprofessional. it's free and doesn't cost anything!

[tyz]

guys I like the project and the website, but please, it's 2019 and having a smart contracts tech project on a website without https is to say at least unprofessional. it's free and doesn't cost anything!

Which website do you mean? All official websites related to Vite (main site, wiki, forum, etc) use https. Either you landed on a Vite fake site or you accidently opened http and Vite did not set up to force a forward to https.

Vite surprized me. In this market project shows not bad chart statistic and I think that Vite has a future.

At the current state, Vite can not really be compared to other projects. Only a part of the coins (only ERC20 tokens not native tokens) are tradable. So the main part is not tradable at the moment, therefore the characteristics of the Vite market does not tell much.

[pararius]

guys I like the project and the website, but please, it's 2019 and having a smart contracts tech project on a website without https is to say at least unprofessional. it's free and doesn't cost anything!

yes I did just write vite.org on my browser all good

[ViteLabs]

Technical Director Allen Liu and Chief Marketing Officer Luke Kim were recently interviewed by CryptoDealers (https://www.youtube.com/watch?v=CU0VT3orLrI&t=782s).
In this interview, they talked about how they got into the Vite team, which of the most important events for the project in 2019 and the concluded partnerships.


Bi-Weekly Report (https://medium.com/vitelabs/vite-bi-weekly-report-90dcc4819441)   for March 1-15 has been released!


1. We are now delighted to announce that we have determined the final economic model for ViteX, including transaction fees and ways to obtain our DEX’s token, VX.
https://medium.com/vitelabs/vitex-economic-model-392613c4389d

2. Vite iOS wallet (Ver. 2.0.0) is officially released!
The new updates on Vite Wallet contain:
- the support of ETH and its tokens,
- the display of your asset in the form of American dollars,
- the support of adding contacts,
- and the function of editing VITE address names.
https://forum.vite.net/topic/1212/vite-ios-wallet-version-2-0-0-is-released


Vote for Your Preferred ViteX Economic Model

https://medium.com/vitelabs/vote-for-your-preferred-vitex-economic-model-a4d7f9e73af2


Whether the crypto markets go up or down, Vite Labs will keep building. Stay up to date with us by checking out the March update found below.

https://medium.com/vitelabs/vite-bi-weekly-report-7df8f4ddd0ce


New DEX article: ViteX 101: Decentralized Exchange. All you need to know about Vite, ViteX and VX!

https://medium.com/vitelabs/vitex-101-decentralized-exchange-e03bec051956


On March 28th, Vite partnership with Syracuse in New York was announced. The plan of deploying a city coin to Syracuse was approved by the mayor of Syracuse. Watch the video HERE!
https://www.youtube.com/watch?v=-f_CiqfjGJU


Vite's inviting beta testers for Grin wallet!

Would you like to use the convenient mobile wallet developed specifically for Grin? You must look at this !
https://www.grin-forum.org/t/important-vite-s-inviting-beta-tester-for-grin-wallet/4801


ViteX's beta version has been published in Apr. 16 and we inviting beta testers to find bugs and offer feedback to us.
Link of ViteX beta version: https://wallet-beta.vite.net/trade

ViteX welcomes beta testers to leave your suggestions, feedback, and its bugs you found under this thread.
This campaign will end in Apr. 29, 2019.


https://forum.vite.net/topic/1366/campaign-of-reporting-bugs-vitex-s-inviting-beta-testers-offering-prizes-for-bug-reporters

[magisterr]

Vite DEX will be launched in May? This will be fully working xchange or jut in beta mode? And what tokens will be trading there? Only Vite tokens?

[ViteLabs]

Vite DEX will be launched in May? This will be fully working xchange or jut in beta mode? And what tokens will be trading there? Only Vite tokens?

Hello! Yes, there will be a full launch. It will be a fully working exchange, beta test is going on now, check this article https://medium.com/vitelabs/vitex-is-recruiting-beta-testers-f8a40bd0f311 and this campaign https://forum.vite.net/topic/1366/campaign-of-reporting-bugs-vitex-s-inviting-beta-testers-offering-prizes-for-bug-reporters . Also the most complete information about ViteX can be found here https://medium.com/vitelabs/vitex-101-decentralized-exchange-e03bec051956 .


Vite Bi-Weekly Report April 1~April 15, 2019
What's going in April:
- Recent Milestones
- System Developments
- Vite Wallet App
- ViteX
- SyraCoin
- Community Building
- Activities

Stay current or be left behind! Follow Vite on Medium.

https://medium.com/vitelabs/vite-bi-weekly-report-58c08005c819


The Vite Multi-token Wallet:
- Open-sourced & decentralized.
- Functions support accounts creation and restoration through mnemonic words.
- Support multi-net tokens, including Vite tokens, ETH, ERC20 tokens.
Learn More:
https://medium.com/vitelabs/vite-wallet-app-101-d7e1d17e346c

[ttg43]

Tell your friends and earn up to 68,000 VITE!
We’re Bringing Back the Wallet Referral Program.
https://medium.com/vitelabs/were-bringing-back-the-wallet-referral-program-5365ffc58031

[frcat]

Do you have any exact date of your DEX launch? There will be trading only ERC tokens or some coins with own blockchain too?

[ViteLabs]

Do you have any exact date of your DEX launch? There will be trading only ERC tokens or some coins with own blockchain too?

The launch is scheduled for May, we cannot say more precisely. Tokens of different blockchains will be traded on ViteX, we will provide cross-chain gateways to convert the coins from other networks. Our DEX is already available in the beta version https://x-test.vite.net, but consider all the coins in it are test coins and they have no value.


Still don't believe that the Vite wallet now supports GRIN? Check out our latest article for definitive proof (bonus link to GRIN demo video included in the article). Download our new & improved wallet!

https://medium.com/vitelabs/vite-wallet-grin-integration-9e35cba368b6


ViteX economic model round 2 voting results out now! We're adding a shared dividend pool with a daily dividend rate of 1/100 of the pool balance. Read more about it here:

https://medium.com/vitelabs/vitex-economic-model-round-2-vote-results-9ee6dddcf422


An Easy-to-use Wallet for GRIN Miners
Transfer/Receive GRIN Using the Vite Wallet

https://medium.com/vitelabs/an-easy-to-use-wallet-for-grin-miners-5f609178395b

[frcat]

Do you have any exact date of your DEX launch? There will be trading only ERC tokens or some coins with own blockchain too?

The launch is scheduled for May, we cannot say more precisely. Tokens of different blockchains will be traded on ViteX, we will provide cross-chain gateways to convert the coins from other networks. Our DEX is already available in the beta version https://x-test.vite.net, but consider all the coins in it are test coins and they have no value.

This seems interesting. But how you can be sure, that your exchange will be popular and you will have a lot traders? While Binance is launching DEX too for example... Do you have a marketing strategy how to attract people to your exchange?

[ViteLabs]

Do you have any exact date of your DEX launch? There will be trading only ERC tokens or some coins with own blockchain too?

The launch is scheduled for May, we cannot say more precisely. Tokens of different blockchains will be traded on ViteX, we will provide cross-chain gateways to convert the coins from other networks. Our DEX is already available in the beta version https://x-test.vite.net, but consider all the coins in it are test coins and they have no value.

This seems interesting. But how you can be sure, that your exchange will be popular and you will have a lot traders? While Binance is launching DEX too for example... Do you have a marketing strategy how to attract people to your exchange?

Yes, we have. At the moment, we are trying to attract as many new users as possible to our ecosystem, through various types of campaigns, and ViteX is one of the important parts of our ecosystem.


Vite Bi-weekly Report April 15~30, 2019
In the last two weeks, we added a bunch more Telegram language groups, launched our VITE wallet referral program, and made lots of good progress on our Pre-Mainnet & wallet apps. Find both technical and non-technical updates in our bi-weekly report here: https://medium.com/vitelabs/vite-bi-weekly-report-157214a1f8b1


Many of our users have been asking about whether or not they can trade VITE tokens. The answer: it depends. Check out our latest Medium post (https://medium.com/vitelabs/vite-vs-vite-erc20-ca15caa93b27) for the full explanation.

[frcat]

Do you have any exact date of your DEX launch? There will be trading only ERC tokens or some coins with own blockchain too?

The launch is scheduled for May, we cannot say more precisely. Tokens of different blockchains will be traded on ViteX, we will provide cross-chain gateways to convert the coins from other networks. Our DEX is already available in the beta version https://x-test.vite.net, but consider all the coins in it are test coins and they have no value.

This seems interesting. But how you can be sure, that your exchange will be popular and you will have a lot traders? While Binance is launching DEX too for example... Do you have a marketing strategy how to attract people to your exchange?

Yes, we have. At the moment, we are trying to attract as many new users as possible to our ecosystem, through various types of campaigns, and ViteX is one of the important parts of our ecosystem.

Todays is middle of May... so DEX probably will be launched in the end of Month?
What different between your DEX and Binance DEX? Do you have a comparison table of advantages your exchange?