Vitecoin - Performance Decentralized Application Platform

Vite is the Next Generation Decentralized High Performance Application Platform [1]. Vite is based on the Directed Acrylic Graph (DAG). "DAG will be used for applications that require scalability in thousands of transactions per second. The launch of CryptoKitties clogs the Ethereum network which results in slow transactions and high costs. Ethereum has a solution for this sharding, but it has been 5 years. The application will soon, I think, will switch to DAG for scale. "[2] 
Vite is a general decentralized application platform that meets industry application requirements for high throughput, low latency and scalability while considering account security. Vite uses the DAG ledger structure, and transactions in ledgers are grouped by account. The Snapshot Chain structure in Vite can replace the lack of security of the DAG ledger. The HDPoS consensus algorithm, through which writing and confirming transactions is out of sync, provides high performance and scalability. Vite VM is compatible with EVM, and intelligent extended contract language from Solidity, provides stronger description capabilities. In addition, an important improvement in Vite's design is the adoption of asynchronous Event Driven Architecture, which transmits information through messages between smart contracts, which greatly increases system throughput and scalability. In addition to the default built-in token, Vite also supports users to issue their own digital assets, and also provides cross-chain transfer and exchange values ​​based on the Loopring Protocol [1]. Vite is aware of the allocation of resources by quota, and light users do not have to pay transaction fees. Vite also supports contract scheduling, name services, contract updates, block trimming and other features. and light users do not have to pay transaction fees. Vite also supports contract scheduling, name services, contract updates, block trimming and other features. and light users do not have to pay transaction fees. Vite also supports contract scheduling, name services, contract updates, block trimming and other features.

 What does this mean for the Blockchain?

On the blockchain, new transactions are processed only after the transaction was previously confirmed. For example. All transactions in Bitcoin are first placed in a Mempool and then the miner takes transactions from there and verifies them. Miners take new transactions only after the transaction was previously verified. This is synchronous, meaning that the miner moves to the next task after completing the previous task (the task here means processing the transaction) but in DAG technology that is out of sync, all transactions are processed simultaneously even before the transaction was previously confirmed or not. This is asynchronous, meaning the validator moves to another task even before completing the previous task (the task here means processing the transaction).

What's so special about VITE?

Vite uses the same Lattice DAG Block as Nano but there are several security gaps in the DAG Block Lattice. They will create a snapshot chain to fix security problems with Nano DAG. And you can make a smart contract on VITE with the language Soliditas ++ (which is compatible with Soliditas). There are not many differences in Solidity and Solidity. That is why the Ethereum application is compatible with VITE. Vite's competitor is Fantom (DAG + Smart contract platform). But Fantom uses Scala language for smart contracts so Ethereum Dapps is not compatible with Fantom. 
In short, VITE uses Nano DAG technology and adds smart contracts to it, plus using the Solidity ++ smart language that is compatible with Solidity.

Token Distribution

Fund Distribution

Personal Sales & Value

Start
August 20, 2018
Number of tokens sold
10,000,000 VT (5%)
End
August 31, 2018
Token exchange rate
1 ETH = 10000 VT
Acceptable currency
ETH
Minimum contribution
0.5ETH

Distribution of Tokens - Allocation of Priority Funds

ROADMAP

Timeline

With the help of our team, contributors and investors, this is the milestone we expect.

Q1 of 2017

Lift pre-seed funding from local angels.

Q2 of 2017

Vite MVP development starts.

Q3 of 2017

Launched a successful private beta with more than 1000 customers in Mauritius.

Q3 of 2017

Vite was established in Mauritius.

Q3 in 2018

Vite participated in the Aeternity venture incubator program, Bulgaria.

Q3 in 2018

Private swap token events (August 20 - August 31, 2018)

Q3 in 2018

Token preview event (October 1 to October 31, 2018)

Q4 2018

General launch of Vite on Android in Mauritius and South Africa

Q4 2018

The main swap token event (November 15 to December 22)

Q4 2018

The main swap token event (November 13 to December 22)

Q4 2018

Vitecoin hit local exchanges.

Q2 2019

Vite does a social impact project.

Q3 of 2019

Vite extends throughout Africa and Asia. 

TEAM

For more information visit the link below:
Website:  http://viteapp.co/

Author by: Naomikatarina

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