What is Vite?

Vite is a high-performance, feeless blockchain platform designed for instant transactions and decentralized applications (DApps). Launched in 2018, Vite introduces a directed acyclic graph (DAG) architecture combined with a unique consensus mechanism, enabling scalable, efficient, and near-instant finality transactions. The VITE token is used for staking, governance, and transaction processing within the ecosystem.

How is Vite useful?

Vite provides feeless, high-speed transactions, making it ideal for DeFi applications, micropayments, and enterprise blockchain solutions. It supports smart contract execution and cross-chain asset transfers, allowing developers to deploy decentralized applications with instant transaction finality. The VITE token is essential for staking to earn network resources, voting in governance, and securing the network through delegation. Vite’s built-in decentralized exchange (ViteX) enhances crypto trading with zero gas fees.

How does Vite work?

Vite uses a DAG-based ledger structure combined with a snapshot chain and asynchronous transactions, allowing for fast, scalable, and fee-free operations. The network employs a proof-of-authority (PoA) consensus mechanism, where supernodes validate transactions with high efficiency. The VITE token is staked by users to receive network bandwidth, ensuring efficient resource allocation for transactions and DApps. Smart contracts on Vite use a Solidity++ language, making them compatible with Ethereum-based projects.

Vite milestones

• Launch of DAG-Based Blockchain: Introduced scalable, feeless transaction technology.

• ViteX Decentralized Exchange: Enabled zero-fee crypto trading within the ecosystem.

• Cross-Chain Asset Transfers: Integrated bridges for seamless interoperability.

• Governance and Staking Model: Allowed VITE holders to participate in decision-making.

• Enterprise Blockchain Adoption: Expanded real-world use cases, including supply chain and payment solutions.

Vite continues to redefine blockchain scalability and efficiency, offering instant, feeless transactions and a developer-friendly ecosystem for Web3 applications.

Buy Vite (VITE) on BITmarkets.