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Über VITE (VITE)
DAG (Directed Acyclic Graph) is the foundation of Vite, a smart contract platform for instant financial transactions. A DAG blockchain allows users to conduct transactions at no cost.
VITE does this with a Snapshot Chain structure that employs an entirely new consensus model. Hierarchical-delegated Proof of Stake ("HDPoS") is the consensus model used.
The Solidity++ language used by Vite (the language used to create smart contracts) is entirely compatible with Ethereum's EVM. Thus, Vite Network is compatible with all ETH-based DeFi and decentralized applications.
ViteX, a decentralized exchange; VitePay, a payment platform; and VitePlus, a distributed ledger solution for big firms, are the three products released on the Vite network.
The VITE token will launch and interact with Dapps and initiate transactions, much like other staking or smart contract platforms. VITE allows holders to cast votes for block producers using the token to further integrate holders into the consensus architecture.
VITE Team
Richard Yan established Vite Labs. Yan was Goldman Sachs' vice president of mortgage strategy. Vite Labs' chief executive officer is Charles Liu.
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