What does Crypto *and VITE in the future* mean for users?
felicity last edited by felicity
Despite the constantly improvement of digital economy, mainstream integration faces a rocky road ahead, due to the poor data security, poor wallet usability, and slow speeds, high transaction fee. Are there solutions for these challenges?
The answer is YES! Let’s see how Vite state your relationship with the situation of current growing digital economy.
DAG is employed to VITE in order to bring out high throughput, now, Vite uses the Snapshot Chain to resolve the security weaknesses in DAG. It creates a high-speed experience enabling the instantaneous conversion of digital assets and the immediate confirmation of transactions worldwide.
What does this mean for users?
Vite tested in-store payment at merchants in Tokyo. There are stores using Vite token as payment method. By the end of this year, there will be around 100 local stores all over the world using Vite network for payment.
Vite will have a DEX of great user experience (judging by the experience of its wallet and block explorer) -- compare this to 0x and Waves -- these two projects are 26x and 17x of Vite's market cap, respectively. Similar to ETH and EOS, Vite will allow deployment of smart contracts. But Vite has better performance thanks to DAG. TPS of EOS is measured in the 000's and yet their market cap is about 350x of Vite.
Team CEO Charles Liu is a standing director of China Blockchain Application Research Center. This will help us navigate the regulatory environment. Strong business team in Silicon Valley where COO has background from Goldman Sachs, and our leaders in business development and marketing have background in venture capital. Vite engineering team are almost exclusively from top-notch Internet firms.
Vite has a partnership with MXBank, a first full-service digital asset bank. MXBank might issue its tokens on the Vite platform. Announcement here (https://medium.com/vitelabs/vite-invested-in-mxbank-the-first-digital-asset-bank-af4813191013)
Vite has a partnership with SecBit, which will help ensure security of Vite's public blockchain at a level more fundamental than smart contract. SecBit will tackle the security problem from a transaction and virtual machine level. Read more here (https://medium.com/vitelabs/vite-labs携手安比实验室-共创安全高效区块链生态系统-a449c39000ee)
What's your idea on those points? I'd like to listen to your voice!
I recently receive a fund by my friend who not use local Paypal, that's how the fee is. Too much
孙权 last edited by Reward
Fee too expensive
Snaker last edited by Reward
@Snaker I also looking for opposite opinion in order to make my own analyse review notes
@孙权 yeh I was shocked. In Vite it charges no fee That's why we need crypto. Do you have faith crypto will soon be used as currency. It still struggling with some legal issue now I guess
爱吃香蕉的小萝莉 last edited by Reward
This post is deleted!
@爱吃香蕉的小萝莉 你什么意思？ what do you mean?