VITE | High Performance dApp Platform | Secure DAG Ledger | DEX: Loopring Protocol | Richard Yan

3,113 Views · Posted 6 years ago

VITE is a next generation high performance decentralized application platform. Transactions in VITE are grouped by accounts. That is, each transaction only changes the state of one single account. Send transactions are separated from receive transactions, thereby obviating the need to wait for a transfer to be complete before the initiation of another transaction. The hierarchical design of the consensus algorithm allows horizontal scalability in consensus groups. VITE splits transactions into transaction pairs according to a "request-response" pattern. The writing and verification of transactions are asynchronously decoupled, thereby supporting ultra-high throughput. Inter-contract communications are based on an asynchronous messaging model.

With an event-driven architecture, every smart contract is viewed as an independent service. Contracts communicate via messages without sharing state. Solidity++’s syntax is compatible with most of that of Solidity. The new syntax supports asynchronous semantics, contract scheduling, and provides a series of standard libraries, such as string manipulation, floating-point operations, basic mathematical operations, containers, sorting, and so on.

VITE itself is a decentralized exchange that supports digital asset issuance, cross-chain value transmission, and inter-token transactions based on the Loopring protocol. A quota-based resource allocation mechanism allows light users to pay zero fees and gas. Users can obtain computing resources in multiple ways. VITE also supports quota leasing. The VITE client features an engine for creating HTML5-based decentralized mini programs. This engine simplifies the process of dApp development and deployment.

VITE Website: https://www.vite.org/
VITE Telegram: https://t.me/vite_en
VITE Twitter: https://twitter.com/vitelabs

Richard Yan (COO) - Seasoned Wall Street professional. Graduated B.A. from Dartmouth College and MBA from New York University. Previously structured product trading strategist at Goldman Sachs and Vice President of Two Sigma's high-frequency platform and Business Innovation & Growth group.

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