Vite is a generalised decentralized application platform that meets the requirements of industrial applications for throughput, latency and scalability while taking into account security.
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VITE Q1 update | COO Richard Yan | BlockchainBrad | FAST Blockchain & Payment System

BlockchainBrad speaks EXCLUSIVELY with VITE COO Richard Yan in an update about this high-performance decentralized ecosystem. Richard Yan is a seasoned Wall Street pro and he is serious about building a fast payment and dAPP platform that caters for tomorrow's devs & enterprise needs. Real World developments are taking shape for VITE. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ►Join The BCB Tele ► Follow on twitter: ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Timestamps: 1:20 Intro 6:20 Why Stable Coins 7:11 Decentralised Facebook 8:48 dApps & Verticals. Smart Contracts are Live! 9:20 SDKs + tools: all is live 12:00 Aim is to capitalise on Ethereum 14:15 Syracuse Partnership 17:01 Pilot Potential 17:35 Emeryville + Cannibis + Mayor + Blockchain reg. 22:30 DEX. VITE will release a DEX 24:26 Listing on Bittrex 24:45 Token Value- Economy 26:49 Bitcoin Discussion 28:11 Mass Adoption 28:20 Speed & the Tech Race 30:50 Vite International Store is Launched 32:40 Goals, payment solution and dApp platform 55:00 Closing statements and recap ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Token Issuance One-Step Token Issuance Protocol-Level of Support Payment: Instant Confirmation On-Chain Transaction Multiple Tokens Built-in DEX On-Chain Order Book Cross-Chain Support Fast Order-Matching Vite links: ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● January 2019: VITE Reflection Key Events January 16: Vite was listed on Bittrex Exchange. January 17: The reward for full-nodes doubled. January 18: The smart contract function was released on TestNet. Vite became the first DAG-based public chain to support smart contracts. January 21: Version 1.3.0 of the Vite iOS app was launched with an added Discovery module. In this new tab, users can collect airdrop rewards, read the latest Vite-related news, and check out upcoming campaigns and events. January 29: Vite International Store officially launched! To purchase Vite merchandise, use your Vite Community Points at the checkout.* January 30: The first in-app game, “High Roller”, was developed by the Vite community; the goal is to guess the correct number of dice and win VITE! ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● System Developments Vite Wallet Updates: iOS, Android, Web iOS App: Iterations for versions 1.3.0 and 1.3.1 were completed. Version 1.3.1 has added a Discovery tab and an anti-cheat feature within the airdrop function. The contract call function for the js bridge protocol and the QR code was developed. Android App: Voting features within the Android app were added. Other updates include development of the js bridge function, an enhanced QR code recognition rate, and the ability for H5 to interact with the app. The two-dimensional code content has been enriched by the new protocol. Web Wallet: The test for version 1.3.0 was conducted and a one-click token conversion function was added. The H5 airdrop page is currently underway, this will include the development of a ‘rewards viewing’ feature and bridge protocol docking. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● INVESTMENT DISCLOSURE: I invested in this project in October, 2018 because I like it. I invested my own money. This is not Financial Advice. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● PAYMENT/DONATION DISCLOSURE: This was 100% free and I received no financial compensation for doing this video or anything related to VITE ever to date; not in fiat, tokens or any form on payment. Since several months ago, I decided to do only free content unless legitimate ambassadorships were involved. I believe that sponsored content is not a problem if disclosed, but this was NOT sponsored and there was absolutely no compensation received in any way, shape or form for this interview. For additional disclosure, I want to let you know that I invested in this project in the pre-sale because I like it. I invested my own money. This is not Financial Advice. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● GENERAL DISCLAIMER: The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the attached material will guarantee profits or ensures freedom from losses. BlockchainBrad shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained this website or directly from the website owner. #cryptocurrency #vite #blockchain #crypto #VITE #BlockchainBrad #fastblockchain #BCB #realutility #BCB
Blockchain Brad

VITE update | BlockchainBrad Interview | Crypto Update | Supernodes | Vite Store & Vite Pay

BlockchainBrad catchups up with Richard Yan, COO of VITE for an EXCLUSIVE update. As a 'Next Gen. High-performance Decentralized Application Platform', there are some major developements that have happened lately. Think TestNet, Supernodes, Vite Store, Vite Pay & more! With 36 people in the Vite team now: 32 in the Beijing office, and 4 in the Silicon Valley office, they are growing healthily! Vite Labs Limited has decided to migrate all uncirculated VITE tokens onto the TestNet, thereby destroying this subset of tokens currently in ERC20 form. On October 15, the VITE team completed unlocking all investor-owned ERC20 VITE tokens, resulting in current circulation at 433,967,577.9767 VITE, or 43.4% of total VITE tokens issued. The remaining 56.6% of the tokens are either held by the Vite project team, or reserved for marketing/airdrop/ecosystem-building (further explanation below). This 56.6% of ERC20 VITE tokens will be destroyed on October 24th, and will be completely migrated to Vite TestNet 0.1. This means that when TestNet 0.1 launches in November, this destroyed amount of ERC20 tokens will be created in the TestNet (on a 1:1 basis). So, it's a token 'burn-switch' 1:1 Super Node Incentive Plan In the TestNet, the VITE tokens originally reserved for airdrop & marketing (which has been migrated from ERC20 to TestNet per a previous article), will be used to reward the miner. After the MainNet is launched, miners will be rewarded through additional issuance of tokens (aka inflation). In TestNet, all mining rewards obtained by official super nodes will be distributed to the community. Recipients of the rewards include voters and users that run full nodes. If you have VITE tokens in our TestNet, you will receive rewards every day by voting for any of the OFFICIAL SUPER NODES. The rewarded amount depends on the total number of voters. Note that more voters means less income for each voter. Therefore, vote early (fewer voters then) to earn higher rewards! Features of the tech: Asynchronous Communication The asynchronous design in Vite mainly includes three aspects: Asynchronous design of requests and responses Asynchronous design of transaction writing and confirmation Asynchronous design of communication among smart contracts The multi-layered consensus mechanism ensures that the ledger is written quickly and the Snapshot Chain guarantees the immutability of the ledger. Local consensus is achieved as soon as the request and response blocks are produced and respectively written into the ledger, while global consensus is achieved after the ledger status is snapshot and packed in a snapshot block by a super node. #vite #blockchainbrad #cryptointerview #cryptoexclusive #blockchain #crypto #fastcrypto Investment disclaimer: I have invested in this startup. This was a 100% free and unsponsored video.
Blockchain Brad

DApp Platform Vite Labs and Digital Asset Bank MXBank Form Strategic Partnership

Vite Labs Strikes A Strategic Deal With MXBank Vite Labs, a vibrant asynchronous decentralized application ecosystem, has formed a partnership with MXBank, a crypto asset bank that is still in its developmental stages. The deal will see Vite Labs avail technological infrastructure to MXBank to assist the bank to become compatible with its systems. In this regard, Vite will send their ecosystem fund leader to MXBank to assist in the completion of the exchange. In exchange, the MXBank will support the Vite token at its launch, making the cryptocurrency more popular, and therefore increasing its liquidity. Similar to conventional banks, the MXBank seeks to secure and conveniently mange the assets of their clients. However, as noted earlier, this institution exclusively deals in digital assets such as virtual currencies. The bank heavily relies on smart contracts to provide services such as exchange, lending, investment and asset management. The MXBank leadership team is richly endowed with individuals who have previously worked in leading corporations such as Google, Morgan Stanley, Bank of America Merrill Lynch, the Wall Street and many more. The bank’s CEO, Xinyi Liu, is an alumnus of the University of California Berkeley from where she attained a degree in Mathematics. Liu also worked at the Wall Street. Zhou Zhe, another prominent personality on the MXBank executive team, was one of the pioneering employees at Google. Zhou is responsible for the writing of the majority of AdWords (Google’s first advertisement platform) code. He has also contributed massively to the creation of Gmail, Google Maps, gRPC and so on.
Bitcoin Exchange Guide

ICO Review: Perlin, Celer Network, Aergo, Vite, Jura, Origo

🚨 👉Coin Bloq Alerts Group: 🎉👉 Coin Bloq Telegram Group: 📈👉Coin Bloq Spreadsheet: In today’s episode Coin Bloq will review the Perlin, Celer Network, Aergo, Vite, Jura, and Origo ICO’S. ICO, Cryptocurrency, blockchain, and altcoin investing offers new crypto entrants a high risk, high reward strategy that has the potential to net them untold riches or mire them in loss and despair. The savvy crypto investor looks for undervalued altcoins, and cryptocurrency projects that have a greater ROI relative to more established rivals such as Bitcoin, Litecoin or Ripple. Coin Bloq will consider the merits and potential obstacles of altcoin investing and asks whether the markets they seek to serve are non-existent or over-saturated. Crypto investing is littered with new and exotic sounding terms - tokenize this, blockchain that, etc. No wonder new investors gasp in desperation as they try to understand the incomprehensible! Each week, Coin Bloq looks at six competing ICOs and ask whether they actually solve a problem, whilst comparing them to previous ICO projects. Supply and demand, basic economics and a sound understanding of market psychology are all taken into account and investigated by Coin Bloq. DISCLAIMER: This is not financial advice. I am not Financial advisor. Please make sure you are visiting the correct website - I will not be responsible should you visit a bogus one. Perlin ICO: Celer Network ICO: Aergo ICO: Vite ICO: Jura ICO: Origo ICO: ***** Coin Bloq is NOT Paid or Sponsored to Make these Videos ***** ⚡ No donations accepted! But if you would like to support me, please subscribe and consider sharing this vid. Thank you! :) ***Please Read the White Papers Before Investing*** ***If You Lose All Your Money We Are Not Liable***
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New York Attorney General’s Office Accuses Bitfinex Of Covering $850 Million Losses Using Tether Funds

If you are our BitcoinExchangeGuide’s regular reader. You should already know about the shady connection between Bitfinex and Tether. This Thursday, a document by the New York Attorney General’s (NYAG) office revealed that iFinex, the company behind both Tether (USDT) and Bitcoin exchange Bitfinex, is being sued. In the press release, the attorney general Letitia […]
Bitcoin Exchange Guide

New York AG’s court filings written in ‘bad faith’ and ‘riddled with false assertions,’ says Bitfinex’s rebuttal

Bitcoin and Tether have been closely related since time immemorial, but the recent string of events pushed the price of Bitcoin down by 9% in about 3 hours. This has caused a domino effect, causing the price of other altcoins to fall as well. The New York State Attorney General is suing Bitfinex and the closely affiliated firm, Tether, responsible for the infamous stablecoin, USDT. According to Yahoo, NY AG released a 23-page document which suggested that the AG has reason to believe that there might be a fraud being carried out by the two companies in cahoots with each other. Yahoo stated that among other things, Tether and Bitfinex are engaged in, “undisclosed, conflicted transactions to cover Bitfinex’s losses, approximately $850 million, by transferring money out of tether reserve funds.” Tether and Bitfinex aren’t completely unaware of their problems in trying to retain banks for their business and the allegations of Bitcoin’s 2017 pump was fueled by Tether and Bitfinex. Bitcoin’s prices took a nasty fall after the news broke out. However, the prices have recuperated partially since then. Bitfinex too did not waste time with its rebuttal to the New York AG’s charges. Bitfinex’s rebuttal stated that New York’s AG released the order without giving the parties proper “notice or hearing” and that the Attorney General was attempting to “compel Bitfinex and Tether to provide certain documents and seeking certain injunctive relief.” The same rebuttal was released by Tether. The blog further stated, “The New York Attorney General’s court filings were written in bad faith and are riddled with false assertions, including as to a purported $850 million “loss” at Crypto Capital. On the contrary, we have been informed that these Crypto Capital amounts are not lost but have been, in fact, seized and safeguarded.” Bitfinex stressed that they were actively exercising their rights to get the stated funds released. It also added that the New York State Attorney General’s office seemed to be intent on undermining Bitfinex’s efforts, to the detriment of Bitfinex’s customers. The post New York AG’s court filings written in ‘bad faith’ and ‘riddled with false assertions,’ says Bitfinex’s rebuttal appeared first on AMBCrypto.

How Crypto Markets Are Reacting to the Tether-Bitfinex Allegations

The cryptocurrency markets endured a loss of as much as $10 billion around 21:00 UTC on Thursday, following allegations that the Bitfinex exchange covered up an $850 million shortfall using the U.S. dollar-pegged Tether (USDT) stablecoin. The New York Attorney General’s office alleged in a statement on Thursday that Bitfinex lost $850 million and used customer and […]

There are serious, existential, risks to Bitfinex and Tether with the information out today. Here's a primer on what's going on.

Bitfinex and Tether may be insolvent. Bitfinex and Tether and owned and operated by the same people. They are separate entities, but they share significant common personnel. Today the Assistant NYAG filed a motion to try and prevent Bitfinex from taking part in any transaction between it and Tether. Here's the raw document: Reporting on the above filing is available from the WSJ: What is going on? The filing lays out that Bitfinex has lost access to $850 million dollars of corporate and depositor money to a company called Crypto Capital. Bitfinex believes that those funds may have been stolen and that Crypto Capital has been engaged in defrauding Bitfinex. Bitfinex - in order to pay out withdrawals has been running out of cash. Bitfinex has engaged in multiple transactions with Tether of questionable nature. It has obtained lines of credit and fiat currency (ostensibly to pay out fiat withdrawals - this is speculation but a logical conclusion based on the filing and its context) It also appears to have sold equity in itself to Tether for access to Tether's reserves. There is still a lot of missing information, but it seems clear that Bitfinex has lost $850 million dollars in some fashion and attempted to fulfill customer withdrawal requests from funds from Tether reserves. Tether has recently updated its terms: “Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities.” That other affiliated entity is Bitfinex. Tether now no longer holds all currency reserves - it now has extended a line of credit to Bitfinex - to the tune of $700 million, and may also hold shares in Bitfinex. If Bitfinex has lost $850 million, then the equity that Tether holds in Bitfinex may be encumbered or worthless. If Bitfinex has taken out loans or drawn on its line of credit, those funds may never be returned. There is now clear evidence that tether is at serious risk of of not being backed at a 1:1 ratio. What does this mean for you? Tether now is EXTREMELY risky to hold. There is clear evidence that Bitfinex has taken money from Tether, and its ability to repay it is in serious doubt. If Bitfinex truly has lost $850 million dollars, it may be insolvent. If Tether no longer has all the money backing it - because it owns Bitfinex assets, which are of questionable value, it's value will plummet, and all assets denominated in tether will appreciate. There are lessons from Mt. Gox here. Mt. Gox did not just happen in one day. It played out over multiple months, the entire time with assurances that things are fine. Things were not fine - at all. The filing released today is damning. It is linked above, read it for yourself. The evidence presented in there is clear that something is terribly wrong at Bitfinex. It is not a certainty that Bitfinex is insolvent - but the filing lays out items that are terrifying to anyone holding significant financial assets related to Bitfinex and Tether entities. Plain and simple: Depositors, and users of Tether are at serious risk of taking losses. Exchanges are the largest holders of Tethers, and when/if it becomes clear that tethers are no longer worth 1:1 they will be forced to freeze all tether assets until the situation can be straightened out. This process will potentially take years, into a decade or more. Mt. Gox funds are still not distributed to this day, over 5 years ago. The sheer complexity of a Bitfinex/Tether insolvency will play out over multiple jurisdictions and will take an eternity to sort out. Again, read the primary documents filed by the AAGNY and decide for yourself if it is likely that Tether and Bitfinex are completely safe. Thousands of us lost our funds in Mt. Gox - and we've paid dearly. There are serious concerns if you are a Bitfinex customer, or if you hold USDT Tether on other exchanges.
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