Partnership: Vite Labs and Troy Trade
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We are proud to announce a strategic partnership with Troy Trade, the global prime broker specialized in crypto trading and asset management. Vite now is the eleventh member of the “Global Ecological Community Program” launched by TROY, which is designed to break the trading barriers of crypto assets and build a frictionless, integrated crypto asset trading ecosystem. Troy will also join the Snapshot Block Producer of Vite network as well.
TROY, derived from Troy Network, will work closely with Vite in devoting R&D resources towards the development of Troy Network. Specifically, Troy will adopt Vite’s innovative scalability solution that offers high frequency and low latency transaction processing network, low cost and security features. Also, Troy Network will integrate with ViteX’s high-performant technology in the transaction layer, upon which Troy Network will build a fast and secure decentralized exchange protocol. Simultaneously, TROY could provide Vite with practical application scenarios, like trading marketplace and settlement network. In Troy Network, the whole system architecture consists of four layers, including the public chain protocol layer, the off-chain trading layer, the settlement network layer and the application layer.
“Troy and Vite can join hands in researching areas of decentralized trading. Vite looks forward to working together as the two projects have similar views on how the industry of trading will move forward.” Commented Richard Yan, COO of Vite.
Troy Trade is a global prime broker specialized in crypto asset trading and asset management. Troy provides crypto brokerage services for institutional clients and professional traders with revolutionary products, including spot & margin trading, derivatives, data, custody, lending and staking in one account.
Vite is a feeless, high-performance public chain and the first of its kind to implement a DAG-based smart contract capabilities. The original asynchronous architecture, hierarchical consensus and snapshot chain technology make Vite an industry-leader in terms of performance and commercial-level application support. To date, Vite has a steady record of deploying practical applications on its platform, with products including a decentralized exchange, a public financing dApp for the City of Syracuse, multiple on-chain games, and micropayment platforms.