Topic: [ANN] [VITE] [DAG + Smart Contract] Vite | Asynchronous Architecture (Read 6136 times)

Vite Bi-weekly Report
October 1–15 2018

https://medium.com/vitelabs/vite-bi-weekly-report-f51f1ad5511c

waiting for testnet

Very active project.. Hope Mainnet coming soon after Testnet launch next month.

Further Details about Vite TestNet
https://medium.com/vitelabs/further-details-about-vite-testnet-9856ea31a40f

Vite TestNet Online Notice
Major Milestones about Our TestNet

https://medium.com/vitelabs/vite-testnet-online-notice-81d06cf7d463

Firstly, Vite applies an asynchronous architecture to the message-driven of smart contract. Nano (a DAG project) divides the transfer into two actions: billing and recording. Meanwhile, Vite draws on Nano and extends it to the smart contract. Transactions are divided into accounts. A call transaction has two parts: a request and a respond transaction. In Block-lattice, there are a independent chain for each account, while DAG (Directed Acyclic Graph) usually says a tangle structure which does not support the mentioned feature. Transactions in DAG could refer to multiple blocks while in Vite the transaction pair only happens between sender account chain and receiver account chain. In Vite, the transaction is written onto the ledger and is asynchronous.

Secondly, in Vite, users can write a lot of transactions to the ledger within limit TPS, but the throughput is confirmed asynchronously, which smooths the confirmation of transactions, maximizes the use of the system resources, and improve the throughput of the whole system. In the meantime, transactions are sent in one account, leaving those in other accounts unrecognized for a longer periods.

Last but not least, Vite is expected to use the asynchronous design for inter-contract calls. With an event-driven architecture, every smart contract is viewed as an independent service. Contracts communicate via messages without sharing state. Vite adopts message-driven architecture. There is no state sharing between contracts. Users only communicate by sending message to each other.

Transactions in Vite are grouped by accounts. That is, each transaction only changes the state of one single account. Sending transactions are separated from receiving transactions, which obviates waiting for a transaction to be completed before the initiation of another one. The hierarchical design of the consensus algorithm allows horizontally scale in consensus groups.

I believe with those criteria, Vite is a technical coin, and expected to be the most promising blockchains project of 2018.

What advantages you have before tons of other new similar project which creating platform for dAaps? What speed you have in your testnet? Do you have comparison with other blockchains?

Ecosystem of blockchain technology - will Vite labs beat its own R&D timeline again?
https://medium.com/vitelabs/ecosystem-of-blockchain-technology-2c36c161adb6
Comment here!

That's a great idea for a airdrop. I would like to set up a node for testnet as soon as it is possible. I have two idle VPS available.
Can you already say when I can set up the node? Is there any tutorial?

There will be a give away in our 0.0.3 test-net.  If you running supper node in 0.0.3 test-net, you will get some vite as reward which will convert to real vite after main net is launch.

Yes, the main net may launch in 2019.02.

The links is right.

Careful with this guy, doubt he is from official vite team. Very likely that this links contain malware

great news and great progress for the team. it can be seen that finally launched the work as it should. have you tested all the updates and bugs and no problems? just my antivirus warn problems after downloads and do not really understand why.

Hi everyone,
We are happy to announce this big thing!
After more than one-month of R&D, we are grateful to announce that  five products of Vite team are launched on Sep 30, which can be named:
Vite Web Wallet, Vite iOS App (which includes a wallet function), Vite Block Explorer, Vite Store, and Vite Pay!

1. Vite Web Wallet Address: https://wallet.vite.net/
2. Vite iOS App, point your browser to the following link: https://testflight.apple.com/join/3P0mLlhn (steps are informed in the below Medium link)
3. To download Vite Block Explorer, visit https://testnet.vite.net.
4. The Vite store is at http://vite.store.
5. Vite Pay

More information to be found here: https://medium.com/@viteofficial/51133ef9a01c
Please feel free to add comments/ feebacks with us.

Visit us at website vite.org for more information.
Thanks!

Waiting for that too

I remember the same. They have still 2/3 of all tokens to distribute, so I really hope there will be an airdrop.

Performance of the coin on the market is not great at the moment. Are you guys waiting for a big technology break?