VITE: High-Performance Decentralized Ecosystem
Vite 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 are 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.
Vite’s biggest innovation as compared to other public chains?
The biggest innovation is the asynchronous design, which can be understood in three aspects:
First, they are introducing the concept of asynchronous design into smart contracts. The Nano project (one of three well-known chains that use DAG) separates a transfer action into a send and a receive transaction. They are building upon this mechanism and will separate the call and the response of a smart contract, so they can take place asynchronously.
Second, the writing and verification of a transaction also happen asynchronously in Vite. In traditional blockchain setup (e.g., Bitcoin), the speed of writing transactions into a ledger is limited by the speed of packing. But Vite allows writing of many transactions into the ledger within the constraints of the TPS. Because the asynchronous setup allows the transactions to happen at an even speed, this reduces the peaks and troughs of the speed of transaction writing, thus optimizing usage of resources and increasing system throughput. Also, the transactions of two users will no longer be blocked; that is, we will no longer see a scenario where a user sends a large amount of transactions that prevents the transactions of other users from taking place.
Third, calls between contracts will also happen asynchronously in Vite. The calls between smart contracts in Ethereum are implemented through messaging (aka insider transactions); and the calls either all succeed or all fail, as per an atomic ACID semantic. To solve for this bottleneck in performance, they take a page from well-developed solutions in centralized Internet technologies, and will make use of a message-driven architecture. As such, contracts do not share states and communicate via messages.
Currently, VITE is tradeable on BITTREX and OKEX exchanges
Get a maximum of 68,000 VITE by accepting the invitation below, download the App to Acquire VITE instantly. Also, get daily VITE by following the procedures below
- Download VITE from Andriod PlayStore here
- Enter your details and install the App. During installation, ensure you enter 1yk11HRE under referral code to qualify.
- Every 24hrs, you can collect 10 VITE by click on the third icon in the App and click on pick up now tab at the top. This will continue and there is no specific end date
- Refer others to earn VITE tokens by clicking on the image icon from the App and select option 2 to get your referral link.
- Join our telegram channel for updates . Find out more about the project details by visiting this website
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