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, 2018Vite: A Next Generation High-Performance Decentralized Application PlatformVite Bitcointalk Official Page: https://bitcointalk.org/index.php?topic=5056409Vite wallet registration: https://wallet.vite.net/Introduction to ViteVite is a general-purpose 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 on a blockchain framework.
On the application side, Vite will choose to first cut into the real-world use cases and then gradually explore new fields. Vite will expand its application to financial services, digital asset management, and offline payments through ecosystem development. The focus will be switched to provide a high-performance platform for high-frequency use cases such as micropayments, life services, and social entertainment.
Vite's unique technology has gained recognition by many institutional investors including Bitmain, OK Capital, Link VC, Node Capital. The team is located in two offices, Beijing and Silicon Valley, serving users in the United States, Australia, Russia, Japan, Singapore, Vietnam, India and many other countries.
VITE is currently being traded on several exchanges including OKEx.
Vite CharacteristicsHigh PerformanceDAG Ledger: Vite uses the DAG ledger structure. Transactions are grouped by accounts and each transaction only changes the status of a single account. The output is separated from the input transaction. Each consecutive transaction does not need to wait for confirmation to be reached regarding the previous transaction. The hierarchical design of the consensus algorithms provides horizontal scalability by consensus group.
Asynchronous Architecture: Inter-contract communication reflects a message-based asynchronous model. Whether it is a transaction or a call, two transactions will be generated on the ledger. A transaction pair splits the transaction into “request-response” modes. Asynchronously decoupling the writing & confirmation of the transaction will support ultra-high throughput.
SecuritySnapshot Chain: Vite compensates for the innate security flaws of the DAG structure with the introduction of our innovative snapshot chain technology. The snapshot chain itself relies on a consensus algorithm. If the snapshot chain is forked, the longest fork becomes the chosen ‘accepted’ fork. When the snapshot chain is switched over to the new fork, the original snapshot information is rolled back. The consensus reached on the original ledger is overturned, being replaced by the newer result. From a comprehensive standpoint, the snapshot chain is the cornerstone of the overall system security.
Multi-token Model: user-issued tokens share the same underlying protocol with VITE tokens-having the same level of security. Common security risks encountered within blockchain development (including integer overflow due to bad programming practices) will be eliminated. In addition, Vite will have its own built-in distributed exchange to trade the tokens.
ScalabilityHDPoS Consensus: Vite adopts a HDPoS consensus algorithm to complete the block production in a coordinated manner through the delegated nodes. It is not necessary to compute the PoW, and the block interval can be shortened to 1 second which reduces the delay usually taken with transaction confirmations.
Smart Contracts: Vite is a decentralized application platform that provides EVM-compatible virtual machines & Solidity++ language, an extension from the original Solidity. In due time, dAPP developers will be able to effectively envision & deploy applications on Vite with ease.
Cross-Chain Gateway: In order to support the cross-chain transaction of digital assets, Vite has designed the Vite Cross-Chain Transfer Protocol (VCTP).
UsabilityVirtual Machine: Vite’s VM is compatible with most Solidity syntax. Our VM supports asynchronous structuring/scheduling of contracts and collectively provides standard libraries inclusive of topics the likes of string processing, floating point arithmetic, basic mathematical operations, containers and sorting.
Naming Service: In order to label the address into contract deployment, Vite has a built-in naming service termed VNS (Vite Name Service). Users can register a set of easy-to-remember names and inherently utilize them for the encoding of the actual address through VNS.
Contract Scheduling: We have added scheduling capabilities to Vite’s built-in contracts. Users can register their own scheduling logic within their contracts. The public consensus group will use the snapshot chain as a kind of makeshift timer to send a request to the target contract, in accordance with the user-defined scheduling logic.
Contract Upgrades: In order to solve the problem of the immutability of smart contracts, Vite provides a solution to support smart contract upgrades. Contracts will be upgraded by deploying a new version of said contract; first inheriting the old contract states, then switching to the new address in the VNS, and finally deleting the old contract with a “Self Destruct” command.
Economical EfficiencyBuilt-in DEX: Vite's built-in DEX will provide users with dual-authorization technology to prevent any preliminary transactions which could falsely facilitate the circulation of digital assets.
Quota Model: Users can choose between a multitude of ways to exchange computing resources. They can also transfer additional quotas to other users through quota lease agreements to improve system-utilization efficiency.
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Vite Community Rewards++ Launch (Vol. 5): Vite Signature Collection CampaignDate: November 28th - December 15th
The signature design includes the following levels:- Member
- Full member
- Senior member
- Hero/Legendary Member
Signature design rewards (we will select one outstanding award for each level):- Member Award: 500 VITE
- Official Member Award: 1000 VITE
- Senior Member Award: 1500 VITE
- Hero / Legend Member Award: 2000 VITE
All creators participating in the signature design contest will be rewarded. If you don't receive the award mentioned above, you will receive a Participation Award of 50 VITE.
The signature must contain:- The Vite logo, and a sentence "a next generation high-performance decentralized application platform"
- You may also add other relevant information in the signature. We will judge your submission based on creativity, while including the relevant information.
Reference:Rules:You may design a full set of signatures for all levels, or you can design any chosen levels of signatures.
Each participant can only receive one award, which will be the one of the highest award.
If the work you submit is duplicate or similar to other people's work, we not be eligible to receive an award.
The eligibility and selection of the winners is at the discretion of Vite Labs
How to register:Post your design in this thread
Tweet the link to your design post and mention that you entered in Vite's Bitcointalk signature design contest (remember to add the hashtag "$VITE" and mention "@vitelabs")
Create a Vite address using either the web, desktop, or iOS wallet:
https://vite.net/We will select and send rewards 7 business days after the event ends
Fill in your Vite wallet address and link to your tweet in the form:
https://docs.google.com/forms/d/e/1FAIpQLScPN8UcSYeB7odZwq_H8uGnkXMX3zBTRh_ORqtENteCIZ2A0A/viewform?usp=sf_link
