A Next Generation High-performance Decentralized Application Platform
Smart contract blockchain
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.
Integrated Decentralized Ecosystem
End-to-end system for value transfer
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.
dApp Mini Programs
The Vite client features an engine for creating HTML5-based decentralized mini programs. This engine simplifies the process of dApp development and deployment.
Vite is a decentralized exchange that supports digital asset issuance, cross-chain value transmission, and inter-token transactions based on the Loopring protocol. The project uses DAG ledger, where the algorithm has hierarchical design and allows horizontal scalability in consensus groups, as the transactions are grouped by accounts and change only the state of this particular account. The developers are able to create dApps using HTML5-based decentralized mini programs, making it easier and faster to develop.The whitepaper extensively describe the technical background of the project and explain used solutions and features, showing that the developers have well-thought-out the sole technology. The team has a medium size, however the members are well experienced and have previously worked on many projects in the technological field. Some of them have experience working in Google.
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