@Allen : Thanks for directing me to the detailed post. Very clear! I will let you know if I have any follow-ups.
Posts made by Kabuto
RE: Vite AMA- Discussion on DPOS as a viable alternative to POS and POW
Vite AMA- Question on Loopring DEX
While we all understand that DEXs currently suffer from a lot of issues particularly in user experience and Liquidity. I will try to act as a devil's advocate here and put it very blatantly, Loopring is probably among the worst (much worse than IDEX or Etherdelta) in terms of order filling times and user experience.
So, I want to ask the Vite team what enhancements will they bring in Loopring DEX that will overhaul/transform the current Loopring as we know it? Are you guys fairly confident of transforming the user experience for Loopring when it launches on Vite? Can you share what developments on Loopring have been made until now?
Basically what I am trying to understand if Vite thinks that it can infuse life into an otherwise largely dead DEX.
Vite AMA- Discussion on DPOS as a viable alternative to POS and POW
Hi Vite Team,
I have listened to several criticisms from a security and decentralization vulnerability point of view for using DPOS as the underlying consensus mechanism relative to POS and POW. In several instances, Vitalik Butterin has come out publicly and written detailed articles on why a DPOS based chain like EOS can turn into a bribe-based corruption model leading to centralization and also result in security breaches if the corrupt actors (SBPs) at the top were compromised. The detailed article by Vitalik Butterin highlighting problems with DPoS used in EOS is available here: https://vitalik.ca/general/2018/03/28/plutocracy.html
I would like to know as to why in your opinion Vite would not face the same centralization limitations and security vulnerabilities as EOS may face because of DPOS (as is highlighted in Vitalik's detailed article).
I think that this is one of the most crucial and relevant aspects for Vite tokenholders and I would appreciate if the team can share their detailed thoughts on this.
RE: Campaign incentives
@Choeriswangqiji : I had written an article sharing my experience with Vite Testnet but haven't recieved any rewards. I am not sure if the campaign is still running but just wanted to check if the rewards for the same have been distributed. Maybe, I didn't pass the reward criteria but I thought it would be good to double-check.
My experience with Vite Testnet
My first encounter with Vite was to participate in Vite rewards programs through AMAs as it was amongst the few projects that was sold out entirely in private sales. Little did I know that the AMAs by Richard were so convincing that I fell in love with this project. The token use case, asynchronous architecture and Snapshot chain security were such an intricate pieces of puzzle that were well laid out. Amongst all that irrational exuberance that surrounded the crypto space, Vite struck me as one project where the team demonstrated that balance of pragmatism which was in contrast to other Blockchain projects that only touted their high TPS and ultra ambitious roadmaps.
Vite, on the other hand, deeply focussed on educating its community, came up with a well thought-out and realistic roadmap/milestones/timelines. While many criticized Vite for its long roadmap initially, the team stated that it prioritized execution over an unfurnished and less developed platform. Instead of giving hollow TPS claims like other projects, Vite focused on building and built an extremely fast testnet well ahead of the stipulated timeline. Not just that, Vite was extremely careful in taking feedbacks and reviews from the community to improve its testnet further. Needless to say, Vite stands out as a project that has constantly improved its product using active inputs from its fans and community members.
The active participation by the community has allowed the testnet to evolve rapidly. Within the months of initial release, we have seen several upgrades in the platform; New community SBPs, faster/seamless in-wallet token migration, a fully finctioning Android wallet app, voting rewards, >400 running full nodes, Vite store , Vite community forum and so much more. In the end, the Vite product development is significantly ahead of its roadmap while the testnet platform quality keeps getting better with time.
I am really excited to see Vite's inbuilt DEX based on Loopring protocol and the mainnet. With so many active testers, bug reporters & feedback providers from the community coupled with a very receptive team and a lightning speed of execution, I believe that Vite mainnet will be a notch above other platform mainnets especially on user experience and participation fronts, given such an acute involvement of community in project development. #Vitefan