Vite is a next-generation Reactive Blockchain that adopts a message-driven, asynchronous architecture and a DAG-based ledger. The goal for Vite’s design is to provide a reliable public platform for industrial dApps, with features of ultra-high throughput and scalability. Vite’s current products include:
- ViteX is a decentralized exchange with on-chain orderbook and matching engine and currently supports 20+ digital assets.
- Vite App is a mobile application that allows trading (ViteX), asset management (wallet), dapps (Vite-based games) in one place.
- VitePay is a fast and feeless payment solution. Users can pay for merchants with Vite wallet, who in turn receive payment with zero fees with near-instant settlement. VitePay is also integrated with the e-commerce platform OpenCart, and one can utilize VitePay at the official Vite store.
- VitePlus is a Vite-based enterprise blockchain solution for governments and enterprises. Vite has developed a pilot app, SyraCoin, for the Syracuse government, allowing city housing fund donors to receive blockchain-based coupons that are redeemable for goods and services within city bounds.
VITE is a native token of the Vite ecosystem and can be used to:
The VITE token is the currency for simple token transactions and smart-contract executions on the Vite network.
- VitTokens are also used as incentives for node participation, increasing the liquidity of the token.
- Users hold VITE to participate in the governance process and vote on proposals related to the development of the network.