About VITE
Vite has built the world’s first DAG (Directed Acyclic Graph) based smart-contract platform, with a Snapshot Chain structure to facilitate zero-fee transactions and optimize transaction speed, reliability, and security. The Snapshot Chain of Vite utilizes Hierarchical Delegated Proof of Stake (“HDPoS”) to achieve network consensus. Vite’s current products include a truly trustless DEX (ViteX), a wallet-centric super-app (Vite App) and a Vite-based payment rail (VitePay). Vite’s next ambition is ViteBridge, a universal cross-chain solution that allows easy asset transfer between any two chains in a decentralized manner.
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Market Stats
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Additional details
Market details
VITE vs markets
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VITE vs BTC
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VITE vs ETH
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xadd5E881984783dD432F80381Fb52F45B53f3e70 | |
BNB Smart Chain | 0x2794DAD4077602eD25A88d03781528D1637898B4 | |
Vite | tti_5649544520544f4b454e6e40 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0041 | |
1 Day | $0.0041 | |
1 Week | $0.0041 | |
1 Month | $0.000199 | |
1 Year | $0.0150 |
FAQ
Vite is a universal decentralized application (DApp) platform that fulfills the needs of industrial applications for high output, scalability, low latency, and security. The platform uses a DAG ledger structure that supports smart contracts. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain. Additionally, a DAG (directed acyclic graph) substitutes for the existing traditional blockchain that records transactions on a digital ledger of Vite. The DAG improves the scalability, speed, and cost virtues of the current blockchain technology of this network.
In addition, Vite believes several blockchains are growing for different purposes, making accessible data and asset transfer essential. Therefore, the network aims to bridge every blockchain in a decentralized manner. Also, the currency offers high transaction speed and charges minimal fees on each transaction.
Besides this, the platform allows users to create DApps, such as decentralized exchanges (DEX), DeFi, payment networks, crowdfunding platforms, games, etc. Moreover, smart contracts help users build these applications that run on a distributed network. The currency ensures that all the transactions on the platform are secure and provide benefits to the developers, users, and miners.
Moreover, the Vite public chain has its native token known as VITE (VITE), which powers the blockchain transactions. Additionally, users can stake VITE for computational and bandwidth resources. The currency also allows users to issue their own cryptocurrencies and supports cross-chain value transfer. A cross-chain transfer refers to moving the same cryptocurrency between multiple blockchains. Vite has a fair and efficient governance system divided into two parts: on-chain and off-chain. On-chain refers to a voting mechanism built on protocol, while off-chain is the duplication of the protocol itself.
The Vite blockchain network was introduced on September 25, 2019, and has expanded to approximately 184 nations. The total supply of VITE was 1 billion coins on January 19, 2022.
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Social stats
Popularity in posts
#3166
Contributors
13
Posts
13
% About VITE
0.003%
Articles
0
X (Twitter)
4.35% bullish
Sentiment
2.5 ★
Highlights
13 unique individuals are talking about VITE and it is ranked #3,166 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, VITE has an average sentiment score of 2.5 out of 5. Finally, VITE is becoming less newsworthy, with 0 news articles published about VITE.
On Twitter, people are mostly neutral about VITE. There were 7.14% of tweets with bullish sentiment compared to 64.29% of tweets with a bearish sentiment about VITE. 92.86% of tweets were neutral about VITE. These sentiments are based on 23 tweets.
On Reddit, VITE was mentioned in 5 Reddit posts and there were 6 comments about VITE. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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