ViteX is exploring the possibility of adding stablecoin trading pairs with low or zero trading fees. This will make it easy for our users to convert between stablecoins, which is a growing demand.
Help us understand your needs by completing this survey here (https://docs.google.com/forms/d/e/1FAIpQLSfrUfx_oKjJktQ93M4_yu5fesPmToADtO0kBJw0ONucdpUgcg/viewform)!
Best posts made by Krystal
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RE: Vite as collateral for stable coins #Defi
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RE: VITE Airdrop Rules Update
@blaup 1. for new users, they can claim 10 VITE daily for 14 times if they bind the Twitter, which means they will have enough 134 VITE for stake once 14 times comes.
2. for staking, it's not a joke, we really want beside the airdrop you gain, you learn about VITE. Good for both users and Vite.
3. Referral program is not yet activated. Kindly stayed tuned for further notice.
4. Both new and old user have chance to join Vite airdrop lottery, which is rarely, you win lottery means you are lucky, if not, let's enjoy what you gain. Good luck! -
Vite Bi-weekly Report May 1–15, 2020
Vite Bi-weekly Report May 1–15, 2020
Recent Milestones
Strategic partnerships
On May 7, Vite Labs announced a strategic partnership with KardiaChain. Both parties will jointly explore payment solutions and develop infrastructure for blockchain interoperability. KardiaChain is in partnership with a top telecom company in Vietnam with 60 million users, and it aims to establish Vietnam’s first mobile payment gateway. Vite’s collaboration with KardiaChain will provide more opportunity to expand Vite’s crypto payment network in Vietnam and Southeast Asia.
ViteX Exchange
On April 30, ViteX released DEX API. Users can apply for API Keys on the ViteX website. The launch of the API will further expand the ViteX trading ecosystem, help attract quant traders, and improve liquidity for the exchange.
On May 8, KardiaChain coin(KAI) was listed on ViteX via Vite Labs gateway. On May 9, KAI / ETH trading pair was opened, enabling market-making as mining.
Users with more than 10 VX in the Vite app received an airdrop of 1,250,000 KAI. This is the first time we rewarded VX users with airdrops, and we received positive feedback. In the future, we plan to run similar campaigns, iterate on best practices for airdrop rules, and coordinate with projects to increase airdrop amounts. We hope these measures will continue to raise VX’s intrinsic value.
Technology Series
On May 6, we published the technical article “The Design and Implementation of ViteX Contracts”, which briefly explained the smart contracts used within ViteX.Community AMA
On May 9th, KardiaChain ran an AMA in Vite telegram group and rewarded 150,000 KAI to the community.
![0_1589957589470_be190c34-e366-4668-b4c2-cc78f6dba6cb-image.png](Uploading 100%)Vite Official Website
We ran a community vote on the new design of vite.org. The result will be published soon. Thanks all for participating!
Vite Mainnet
On May 27, Vite network will have the fourth hard fork named MARS. The main purpose of this hard fork is to upgrade the built-in contract of ViteX. Details: https://forum.vite.net/topic/3848/important-vite-mainnet-4th-hard-forkData on ViteX
As of May 15, 16,740,658 VITE have been burned, accounting for 1.67% of total issuance.
137,756,367 VITE are staked on ViteX exchange, accounting for 13.78% of total issuance.
6,377,320 VX has been released, of which 5,957,905 VX is being staked for dividends.
To-date, 49.5 BTC worth of dividends has been distributed. The pool of undistributed dividends stands at 30.3 BTC.System Developments
Vite Wallet
Vite Wallet 3.6.0 (iOS and Android) has been formally released. This version re-writes the built-in ViteX exchange in native code so as to significantly optimize the trading experience. In addition, Vite Connect, which is relied upon when generating ViteX API Key, was also upgraded. Users can self-generate API Key on the ViteX website by scanning the QR code in Vite Wallet.After the 3.6.0 version was released, we received many valuable feedback from the community. The feedback has been well collected, and will be prioritized and incorporated in subsequent versions.
On May 11, we released Vite Wallet 3.6.1 (iOS), solving the problem that some ERC20 token transfers may fail due to gas limit, as well as under certain circumstances the built-in ViteX page may be stuck.
On May 14, we submitted Vite Wallet 3.6.1 (Android) to Google Play for review. This version fixes the occasional app stuck problem when switching addresses, and the problem that exchange-related message may wrongly appear on non-exchange pages.
We also started the development of V3.7.0. In this version, we will continue to add new features to the exchange and reduce the size of the app package for faster download.
Starting from V3.6.0, we changed the app name from Vite Wallet to Vite, meaning that the positioning of Vite wallet has changed from a single-purpose wallet to a full-stack wallet + exchange decentralized crypto asset management tool.
ViteX Exchange
ViteX API has been formally released. In the past two weeks, we have made additional optimizations, such as checking the minimum order amount and available balance to avoid invalid transactions and standardizing error code and message returns.
We are in the process of integrating ViteX API with CCXT. CCXT (https://github.com/ccxt/ccxt) is an open-source cryptocurrency exchange API adapter library that currently supports 120 exchanges. Through CCXT, users can ignore the differences in API interfaces of different exchanges and simplify the development of trading bots. At present, there are many quantitative trading programs that use the CCXT library to access different exchanges. After our integration, these existing programs will be directly accessible on ViteX.In addition, the upgrade of ViteX built-in contract is finished. A new hard fork has been scheduled on May 27, which includes optimizing order cancellation logic, unifying the logic of order flows by raw signatures and delegated orders, and merging order placements and cancellations from the same address into one queue to ensure the deterministic matching result.
Website Upgrade
We have completed the product design and visual design of the new vite.org. The new version of Vite official website focuses on key information for facilitating new visitors to understand the full picture of Vite.
In the visual design, we have selected 6 different design schemes. It’s completely up to our users to choose the final plan through community voting.
Activities
Vite COO Richard released a new episode on The Blockchain Debate Podcast. The guests included Uri Klarman, the CEO of Bloxroute, a Chicago-based layer-0 blockchain company; and Mrinal Manohar, the CEO of CasperLabs, a New York-based public blockchain firm. The debate topic was a technical discussion around public chain scalability. The focus of the discussion was on how to achieve scalability via accelerating block transmission at the network’s transport layer.- Past interviews are available here: https://blockdebate.buzzsprout.com
- Follow Richard on Twitter: Twitter.com/gentso09
Official: https://www.vite.org/
ViteX Official: https://vitex.net/
Twitter: https://twitter.com/vitelabs
Vite Forum: https://forum.vite.net
Telegram:
English: https://t.me/vite_en
Chinese: https://t.me/vite_zh
Russian: https://t.me/vite_russian
Japanese: https://t.me/vite_japanese
Vietnamese: https://t.me/vite_vietnamese
Arabic: https://t.me/vite_arabic
German: https://t.me/vite_german
Turkish: https://t.me/vite_turkish
Indonesian: https://t.me/vite_indonesian
Spanish: https://t.me/vite_spanish
Portuguese: https://t.me/vite_portuguese
Filipino: https://t.me/vite_filipino
French: https://t.me/vite_french
Discord: https://discordapp.com/invite/CsVY76q
Facebook: https://www.facebook.com/vitelabs/
Instagram: https://www.instagram.com/vite.labs/?hl=en -
An Introduction to Vite Asynchronous Architecture
An Introduction to Vite Asynchronous Architecture
Vite is a new generation of reactive blockchain, which adopts a message-drive asynchronous architecture. In Vite ecosystem, asynchronous is not only an important concept, but also a very critical innovation.
The Model of Asynchronous Requests
Transactions in Vite can be categorized as request transactions and response transactions. Regardless of whether an event is a transfer or the call of a contract, two successive transactions get generated on the ledger.A transfer can be split into a receive transaction and a send transaction; a transaction to invoke a contract can be split into a contract request transaction and a contract response transaction; the message call within each contract can be split into a request transaction and a response transaction.
After the split, each transaction only affects the state of a single account, and transactions do not interfere with one another, which improves throughput. In addition, transactions by different accounts are also allocated to different nodes in the network, thereby increasing scalability.
The Model of Asynchronous Confirmation
In the Vite framework, writing transactions into a ledger and receiving confirmations by the system are also asynchronous. Different users may write transactions into the ledger in parallel., and the snapshot chain will take snapshots of the ledger at a constant rate. A confirmation happens once a snapshot of a transaction is taken. As the snapshot chain grows, the number of confirmations will also increase.The Model of Asynchronous Communication
Vite’s inter-contract communications incorporate a message-driven architecture, where the contracts do not share states but only communicate by sending messages to each other.****If a contract calls another contract, the former needs to send a request transaction first. This is logically similar to producing a message in MQ. After the node running the target contract observes the request transaction, the node writes a corresponding response transaction in the ledger, and updates the state of the contract. This process is equivalent to consuming a message from MQ.if a return value is needed, the target contract will send another message to the source contract in the same way.
In this model, Vite’s ledger serves the role of the message middleware, and can guarantee the exactly-once semantics of messages.
The message-based architecture features high throughput and scalability. But on the flip side, the programming models become more complex. Not only is strong consistency not guaranteed, but latencies may become longer.
To address the above issues and reduce the cost of asynchronous programming, Vite will provide a contract language called Solidity++ and a full SDK associated with it. After rigorous research, we found that in actual scenarios, BASE semantics can replace ACID semantics. The increase in delay is still under control since the HDPoS consensus algorithm guarantees completion of the transaction confirmation within 1 second.
Official: https://www.vite.org/
ViteX Official: https://vitex.net/
Twitter: https://twitter.com/vitelabs
Vite Forum: https://forum.vite.net
Telegram:
English: https://t.me/vite_en
Chinese: https://t.me/vite_zh
Russian: https://t.me/vite_russian
Japanese: https://t.me/vite_japanese
Vietnamese: https://t.me/vite_vietnamese
Arabic: https://t.me/vite_arabic
German: https://t.me/vite_german
Turkish: https://t.me/vite_turkish
Indonesian: https://t.me/vite_indonesian
Spanish: https://t.me/vite_spanish
Portuguese: https://t.me/vite_portuguese
Filipino: https://t.me/vite_filipino
French: https://t.me/vite_french
Discord: https://discordapp.com/invite/CsVY76q
Facebook: https://www.facebook.com/vitelabs/
Instagram: https://www.instagram.com/vite.labs/?hl=en -
KardiaChain AMA review with Vite community on 09 May 2020
KardiaChain AMA review with Vite community on 09 May 2020
On 09 May 2020, Vite welcome the special guests from KardiaChain, joining an AMA with the community at Telegram.
Tri Pham - CEO; Huy Nguyen - CTO; Son Nguyen - Head of Business Development: Astrid Dang - Head of Marketing & PartnershipsAbout KardiaChain
KardiaChain is the public blockchain platform focusing on interoperability and providing hybrid blockchain solutions/infrastructure for enterprise and government, not only in Vietnam but also in other countries in Southeast Asia.
They are working with major service providers (enterprises and government) to decentralize their existing solutions. KardiaChain's goal is to reach millions of users without the immense cost of educating the market. Their Dual Node technology allows cross-chain communications between any public and/or private blockchain regardless of protocol, which provides easy-to-adopt solutions for institutional clients.
KardiaChain has successfully completed IEO on Gate.io with a total of $19m oversubscription. Based out of Vietnam — KardiaChain boasts a lineup of top Enterprise and Blockchain partners, which can be named: BlockCrafters Capital, Matic, Band Protocol, Tokoin Contentos, CertiK, TOP network, VTVCab, Vietnam Football Federation, Geleximco and has formed a partnership with Vite Labs.
More information about KardiaChain be found here.
Useful link
Website: https://kardiachain.io
Twitter: https://twitter.com/KardiaChain
Telegram: https://t.me/kardiachain
Official Announcement: https://t.me/KardiaChainOfficial
Medium: https://medium.com/@KardiaChain
Github: https://github.com/kardiachain/go-kardia
Here is the AMA summary
Vite admin: What are the Competitive advantages of KardiaChain & Why do any service providers choose KardiaChain instead of other similar projects?
Tri Pham- KardiaChain CEO: We aim to achieve mass adoption on a large scale in an efficient manner by leveraging our strong business acumen and local know-how and partnering with large enterprises and government bodies to decentralize their existing products/services for the general public. These hybrid decentralized solutions are called ADapps (Adoption DApps) and are unique to KardiaChain. This approach allows KardiaChain on-board non-crypto users onto the blockchain in a highly-efficient manner, while at the same time-saving costs for customer acquisition and market education. What makes KardiaChain ADapps special is that it creates real demand for KAI token and real value for our investors.
Our dapps are tokenized with many KAI use cases integrated. For example, our first ADapp ON Sports will allow for KAI token holders to play prediction games, live stream donations to their favorite football players as well as earn KAI tokens through various in-app tasks.Vite admin: What's ON sports? Your company is in collaboration with "ON sports", could you tell in details some features about this KardiaChain 1st dApp?
Tri Pham- KardiaChain CEO: KardiaChain is building a complete KAI tokenized football ecosystem, where if you are a Vietnamese football fan, you only need to hold KAI tokens to enjoy football at its best. The football ecosystem partners will include: Vietnam Football Federation (VFF), ON Sports, Vietfootball, KardiaChain FC (our very own Futsal club).
ON Sports is the top sport app owned by VTVCab, a national tv channel in Vietnam.
There are several blockchain features
1.Prediction Games
Users holding KAI tokens in the ON Sports App are eligible to make football score predictions to win exciting football related rewards such as football match tickets, meet your favorite football player in person, football merchandise etc.
2.Livestream Donations
Users will be able to send donations to their favorite football players using KAI tokens either during football livestreams, or even their favorite player’s personal livestream.
3.Daily Rewards
Users complete daily tasks such as reading articles, viewing videos or refer their friends to acquire KAI tokens as rewards.
More details of the On sport can be found here
A sneak peak for those who want to check the app.
Here are the links:
AppStore | Google PlayVite admin: Why does KardiaChain pay high attention to the hybrid infrastructure? What advantages does this infrastructure offer in terms of payment system and usage?
Tri Pham- KardiaChain CEO: Many people are interested in this. Combining private and public blockchains allows us to create highly flexible solutions that are much more practical for real world usage and blockchain adoption i.e. our ADapps. Let’s have a look at the mobile payment gateway example and how we combine our hybrid infrastructure to develop highly flexible solutions that allow for maximum scalability, security, and privacy:
Each purchase on this new channel is a single transaction. Vietnam with over 100 million population will be able to use this payment gateway to pay for various 3rd party services from independent merchants. Therefore, the number of transactions will be immensely high when moving onto the blockchain.
These transactions will, therefore, be processed on the Telco’s private Kardiachain blockchain to maximize scalability.
Sensitive information that needs to be kept confidential, such as customer information will also be stored on Telecom’s private Kardia blockchain
Information that does not require scalability, nor confidentiality but rather transparency such as 3rd party merchant information will be stored on KardiaChain’s public blockchain**Vite admin:**It's clear that blockchain projects are striving to achieve the "massive adoption". What's your mass adoption definition? What's KardiaChain going to do to achieve this, not only in the Vietnam market but also worldwide?
Tri Pham- KardiaChain CEO: Mass adoption for me means a large enough number of users to bring meaningful interactions on the blockchain
I like the idea of “tipping point”, where enough of people use blockchain services or possess the tokens will lead to a dramatic shift of behavior.
We are working in Vietnam first because it’s our home market. I want to make a strong case for the world about blockchain adoption.
Although China is very well ahead of the rest of the world, I still believe there is more space for blockchain in Vietnam. Especially because we have no legacy system to compete with.
For example, in developed countries, they already have a system in place for digital services. Blockchainisation will be a headache due to all the data migrations and changes in workflow.
Vietnam is still opened for that, we are in the golden population structure, a Young workforce that is tech-savvy and ready to learn.Vite admin: I've got a question from some community users.
Can you tell us more about the partnership between Vite and KardiaChain. What scopes are the two parties going to work together?
Tri Pham- KardiaChain CEO: KardiaChain is developing a mobile payment gateway to reduce entry barriers to onboard non-crypto users onto blockchain via user-friendly payment channels. We started the integration process with the largest telco in Vietnam with over 60m subscribers, and other SouthEast Asia countries, who will be able to purchase KAI tokens using their mobile balance. Vite has been working with their partner Alchemy regarding their payment network integrated with POS providers currently used in Singapore. Vite will use KardiaChain’s mobile payment gateway to enlarge its user ecosystem. The cooperation will significantly leverage ecosystem’s user base to reach a higher goal of a blockchain digital payment landscape throughout Asia.
We can support each other in DEX technology. KardiaChain is "Non-invasive" interop, which means participating blockchains (ETH, NEO, TRX etc.) don't have to make any change to their protocol and infrastructure in order to participate in cross-chain operations. Indeed, when we talk to NEO tech team, they don't even know we already cross-connect them to ETH. You can compare this with some other projects which use sidechain or atomic swap where the participating chains need to support these protocol. Another example is Cosmos, which doesn't have strong requirements, but still request other chains to confrom to IBC protocol. Since KardiaChain support cross-chain operations through smart contract, we also have an MVP in our fully decentralized cross-chain exchange.
Vite with the goal of enabling fully decentralized cross-chain asset transfer, will apply fully non-invasive interoperability “Dual Node” KardiaChain technology to enable Vitechain cross-chain transactions in a fully non-custodial manner.
Section 2: Community Q&A
1.@iam12312: What were the main challenges that you faced in these times & how do you see these Developments helping Kardiachain to Attract Investors from around the globe? & Also talk about the positives?
Son Nguyen We have a grand vision for KardiaChain and have been working to well-position our company to become the dominant player in Vietnam. So there are three points:
First, Vietnam is a great market for blockchain and KardiaChain will be number 1 in Vietnam. Second, we focus on building adoption and real-life applications for the token. Last, fixed supply and increasing demand will drive token value steadily. So KAI holders will both having great returns over a long time and become the early supporters for a decentralized future, starting from Vietnam.2.@BintAlansary Could you give me 3 key points to convince me and other angel investors invest in $KAI in the long-term?
Astrid Dang: KAI is mainly used in staking, paying for transactions, deploying smart contract, and participating in services in KardiaChain ecosystem. KAI is good for long term holders because we focus on expanding the usage of our tokens and our user base. We are looking at 1 million KAI users at the end of 2020 acquired via a series of products and services from our partners. The longer you hold, the more places you can spend your KAI tokens. Limited supplies and increasing demand will drive the value up.
3.@rinnguyen: Can you tell me Three reason why Investors should invest in Kardiachain?
Son Nguyen Moreover, KardiaChain is proud to have many existing revenue streams by collaborating with major international and domestic strategic business partners like our first ADapp announced: ON Sports with 200,000 registered users. So how exactly do our partnerships with major organizations benefit investors?
ADapps in collaboration with major enterprises have a profit sharing model, KardiaChain will use these funds for business and tech development as well as buying back our tokens on the secondary market to reduce the total circulating supply and thus directly benefiting our investors.
Learn more about our ADapps here4.@ashwini_Crypto: What are your plans Regarding increasing Real Value & Real demand of the KAI Token? Can we see the utilisation of these tokens in the gaming Industry?
Tri Pham We are applying KAI tokens into multiple industries. By getting more users in different market segmentations, we can increase the demands for KAI. Blockchain for Gaming industry includes several aspects: payment, single sign-on (SSO), and game items (NFT). KAI token usage will focus on SSO and NFT (but there are legal concerns). For Payment we already have a mobile payment channel with telecom.5.@mikuranaI see on your platform, one of your ecosystem products is "ESWIM" can you explain in detail how this ecosystem product works on your project?
Astrid Dang: ESWIM (elastic sharding with incentive mechanism) is a key feature to guarantee the whole network (KardiaChain + groups of Dual Nodes) can always operate at its optimal state in terms of fee, performance, and security. The way ESWIM works is we collect the signals from all participating chains (ETH, NEO, TRX) to estimate the transaction traffic and fee in each chain in real-time. From these estimations, we combine machine learning models with our computed formula to figure out the right amount of validators that should be in each Dual Node group to ensure the most efficient state for the whole ecosystem. Then we can incentivize the validators to stay in one group or move to other groups through different methods such as increasing staking awards for the groups with fewer validators, or increasing deposit requirements for groups that already have high number validators etc.
6.@Sanjuroman1992How actually KardiaChain provide non-invasive interoperability and how can able to connect all blockchains to single protocol?
Son Nguyen: "Non-invasive" interop means participating blockchains (ETH, NEO, TRX etc.) don't have to make any change to their protocol and infrastructure in order to participate in cross-chain operations. Indeed, when we talk to NEO tech team, they don't even know we already cross-connect them to ETH. You can compare this with some other projects which use sidechain or atomic swap where the participating chains need to support these protocol.
Another example is Cosmos, which doesn't have strong requirements, but still request other chains to confrom to IBC protocol.
For second part of you question, since KardiaChain support cross-chain operations through smart contract, we need to add some CISC instruction like "hold-and-release-at-certain-time" which ETH doesn’t need to support. DApp developers using KardiaChain would be able to write these command in the smart contract, whereas in ETH they can’t.7.@Shaa93: For each project, #community factors contribute to the project's victory. Kardichain is new, so how does the project have a marketing plan to attract the interest of newcomers and maintain participants in the Kardichain community?
Astrid Dang Great question! Please check out this article to learn more about our blockchain adoption approach, it is user-friendly because our effort is to decentralize enterprises and government solutions, which are well-established with existing large userbase. Our hybrid ỉnastructure as well as non-invasive platform are useful for this: https://link.medium.com/pugfV3j9j6
For the Intangible wallet solution, please read more here: https://t.me/kardiachainofficial/177
The end of AMA. Special thanks to KardiaChain team for joining the AMA
KAI/ETH trading is open, Market-making as Mining VX is enabled.
Trade here: https://x.vite.net/trade?symbol=KAI-000_ETH-000
See the announcement here: https://forum.vite.net/topic/3822/ann-vite-labs-listing-kardiachain-kai-and-airdropping-1-250-000-kai-to-vx-holders
ViteX exchange telegram at https://t.me/vitexexchange
Vite useful resources:
Website: https://vite.org
Telegram: https://t.me/vite_en
ViteX: https://vitex.net
ViteX telegram: https://t.me/vitexexchange -
RE: CAN'T CLAIM AIRDROP
@kjvaha the referral program is not yet activates- as plasmo said.
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RE: CAN'T CLAIM AIRDROP
@kjvaha Daily airdrop is still on-going. read it https://forum.vite.net/topic/1972/vite-airdrop-first-update
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Interpretation of DAG Technology on Vite
Interpretation of DAG Technology on Vite
Background
DAG is an acronym for Directed Acyclic Graph. It is a method for sending data in a distributed environment. Originally, DAG is not blockchain technology, but a data structure for solving dynamic programming problems. The first person to propose this concept was Sergio Demian Lerner, who published the article DAG Coin Draft in September 2015 and first proposed the concept of DAG-chain. Although DAG was not created for blockchain, this decentralized network implementation is now classified in the blockchain sector. Popular projects include IOTA, Nano, ByteBall, VITE, etc. All these projects were developed from the basic DAG structure.
The Theory of DAG TechnologyIn comparison to the traditional blockchain structure, DAG is no longer a single-chain. If considering the blockchain as a line, the DAG structure is a web structure, where transactions can be processed asynchronously and concurrently. With these characteristics, multiple blocks can be written into the network simultaneously. The efficiency of DAG transaction is highly increased compared to the traditional blockchain structure that only one blockchain can be produced at a time.
According to DAG structure, every transaction is directly involved in maintaining the entire network. When a transaction occurs, a new block will be generated. This new block will be added to the network and connected to the previous block. Over time, all blocks will be connected to each other and form an acyclic graph structure. Each block can be traced back to the genesis block. Thus if you want to change the data of a certain block, you need to change the data of the genesis block.
In the picture shows below, the security gradually improves from left to right, but the performance gradually decreases, resulting in a slower transaction speed. The leftmost is a combination-based structure commonly used in centralized systems. The rightmost is a typical blockchain ledger. In between are DAG structures.The Features of DAG Technology
DAG has the following two characteristics in comparison to traditional blockchain structure:- Fast speed. Blocks can be packaged in parallel to accommodate more transactions at a time with fast confirmation speed.
- High scalability. Nodes can process a transaction without waiting for data synchronization.
For most blockchain network, the bottleneck is not node processing ability, but the inability to perform parallel computing. The majority of the time wasted is from idle waiting time: Part of the wait is from synchronization to all nodes when initiating a transaction; another part is the time taken to broadcast confirmation to the whole network.
There are no such problems for a DAG structure. When sending a transaction, it does not need to wait for transactions submitted before. The transaction only needs to go through local verification, network propagation, and other local verifications. These steps can be characterized as a decentralized confirmation process. In this process, every node is solving a piece of a puzzle, and connecting transactions confirmed by itself and transactions confirmed by others.
DAG on Vite Public Chain
Vite uses a specific DAG ledger structure named Block-Lattice, where each account corresponds to a chain, and each transaction refers to the hash of the previous transaction. Transactions are split into “request transactions” and “response transactions”. A response transaction refers to the hash of its corresponding request transaction. This forms a grid-like DAG structure. This ledger structure allows unrelated transactions to be written in parallel, reducing the probability of conflicts and as a result to improve throughput.Block-Lattice ledger also has flaws. It’s weak on tamper-resistance, which might cause hidden security risks. This is because transactions are grouped by accounts. A transaction will only be attached to the end of the account chain of which it belongs. Transactions generated by other accounts will not become successors of the account chain, so the probability of the transaction being rolled back will not be decreased over time.
In order to make up for this defect, Vite introduces another chain structure called Snapshot Chain and thus improves the consensus algorithm. We will elaborate on the functions of Snapshot Chain in other articles.SummaryDAG is a new generation of blockchain technology. The high-performance and scalability of the DAG structure can just make up the shortcomings of the current blockchain structure, and bring a new revolution to blockchain technology. Based on the DAG structure, Vite is able to provide more easy-to-use products and build a better ecosystem.
Official: https://www.vite.org/
ViteX Official: https://vitex.net/
Twitter: https://twitter.com/vitelabs
Vite Forum: https://forum.vite.net
Telegram:
English: https://t.me/vite_en
Chinese: https://t.me/vite_zh
Russian: https://t.me/vite_russian
Japanese: https://t.me/vite_japanese
Vietnamese: https://t.me/vite_vietnamese
Arabic: https://t.me/vite_arabic
German: https://t.me/vite_german
Turkish: https://t.me/vite_turkish
Indonesian: https://t.me/vite_indonesian
Spanish: https://t.me/vite_spanish
Portuguese: https://t.me/vite_portuguese
Filipino: https://t.me/vite_filipino
French: https://t.me/vite_french
Discord: https://discordapp.com/invite/CsVY76q
Facebook: https://www.facebook.com/vitelabs/
Instagram: https://www.instagram.com/vite.labs/?hl=en -
RE: My crosschain withdrawal isn't going through
@Gentleshaid Hi. Have you input enough gwei? What error you get? Please send a screenshot if possible
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RE: Please, someone should help me with airdrops, how it works.🌝z
@Aspas Download the application to your mobile, then set up a new account and then claim airdrop everyday
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RE: Whitepaper Request
@olapadesam00 Hi Olapadesam, thanks for your interest! We have a Github version of Whitepaper and it is able to be downloaded, you can click on Link for Whitepaper:
https://github.com/vitelabs/whitepaper/blob/master/vite_en.pdf
And screenshot how to download:
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Vite Bi-weekly Report April 1–15, 2020
Vite Bi-weekly Report April 1–15, 2020
Recent Milestones
On April 15, Vite announced a supernode hosting campaign with our partners Ankr, a leading distributed computing sharing solution. Ankr developed a one-click solution for running Vite nodes for Vite community. This campaign with Ankr is aimed at improving the operations of the Vite network. Check details here: https://medium.com/vitelabs/vite-supernode-hosting-campaign-with-ankr-bb77189fa0b3
In order to encourage community developers to build Vite ecosystem together, on April 3, the Vite Foundation has voted for the first batch of SBPs. All voting rewards are owned by the SBPs. The first batch SBPs are: ViteScan.io, VGATE, Bi23, and XS_Fund.
News of VX mining:
- On April 1, ViteX opened trading as mining and market-making as mining for pair ANKR / BTC pair. 3X market-making as mining was available for a week.
- On April 8, ViteX started 2X market-making as mining for pairs EOS / BTC, GRIN / BTC, GRIN / ETH, ATOM / VITE, and BSV / USDT for a week.
- On April 15, ViteX started 2X market-making as mining for pairs BCH / BTC, VX / VITE, and BTC / USDT for 2 weeks.
System Developments
Vite Wallet V3.6.0Vite mobile wallet will have an important upgrade. In previous versions, the ViteX exchange built into the wallet used an embedded H5 page. The loading speed and trading experience were not ideal. In V3.6.0, we will use the Native page to re-implement the ViteX exchange. After the upgrade is completed, the user experience of ViteX will be greatly improved. This upgrade will integrate the most important products in Vite ecosystem — public chain, multi-chain wallet, and decentralized exchange. It will also lay a great foundation for future iterations. This version has already been tested and is expected to be released in late April.
Development Tools
We have re-integrated multiple basic libraries and SDKs for Java developers and unified them into the ViteJ (https://github.com/vitelabs/vitej). ViteJ encapsulates most functions of the Vite public chain. The code organization is clearer and the interface is more friendly. It provides more convenient development tools for Vite developers.ViteX Exchange
In the past month, we conducted a comprehensive test of the ViteX beta API and found several problems. For example:
- Continuous order placement was likely to cause the Vite account chain to fork, resulting in the failure of the next order placement;
- Partial order query results were incomplete; in some cases, the result of the cancellation order were returned inaccurately;
- The logic of canceling orders was inconsistent, and the logic of order IDs was not uniform;
- The Proto Buffers protocol for serialization in the WebSocket interface was not friendly to developers;
- The API documentation was not clear enough.
In response to these problems, we upgraded the ViteX built-in contract and ViteX API as belows:
- Optimized the logic of placing / retrieving orders, and linearized the order requests of the same user;
- Modified the WebSocket serialization protocol to a more general JSON;
- Uniformly used the hash of the order request block as the order ID to ensure that the order ID can be obtained at the time of order placement;
- Further improved the development documentation.
After the upgrade is completed, we will fully open the ViteX REST API and WebSocket Streaming API to the community. Users can self-apply for API Key on the exchange page to develop their own strategic trading program. In the future, we will also integrate the ViteX API with popular open source frameworks (such as CCXT [https://github.com/ccxt/ccxt]), and provide some basic strategic trading code samples. After the API is opened, it can effectively attract more strategic traders and market makers to enter the ViteX ecosystem, greatly increasing the liquidity of the ViteX exchange.
We are refactoring the code of the ViteX cross-chain gateway and will open source in the near future. The new version of Open Gateway will highly abstract the interfaces of different blockchains, provide better “Blockchain Agnostic”, and reduce the dependence on the database. After the gateway is opened, the development difficulties for ViteX third-party gateways and operators will be reduced.
The Vite Labs gateway will continue to integrate new type of cryptocurrencies including: Litecoin, Tron, Monero, Tezos, etc.
ViFi
We re-planned the ViteFi (DeFi on Vite) project and completed the design of the first phase. The previous solution was mainly for Vite SBP and ViteX miners, and only supports the borrowing of VITE coin. Based on the feedback from the community, we decided to expand the usage scenarios, and initially planned to open deposits and loans for VITE, BTC, ETH, and USDT.Official Website
We are in the process of updating official websites of vite.org and vite.net to facilitate new users to quickly understand Vite’s products. We position vite.org as the official website of Vite Labs, vite.net is the entrance of Vite public chain products, and vitex.net is the entrance of ViteX exchange. We plan to integrate the information scattered in different domains into the above three domains, and no longer use vite.wiki, vite.store, vite.blog and others. This will improve the efficiency of traffic and make it easier for users to obtain key information.
At present, the upgrade work of vite.net has started. After the upgrade is completed, users will see a more comprehensive introduction of Vite public chain products on the homepage of vite.net, including products developed by the community.Community building
On April 9, Vite COO Richard gave an AMA in the English telegram group, and answered questions about ViteX promoting plan, hardware wallet integration, gateway code open source, etc.On April 10, Vite Russian community manager Oleg gave an AMA in the OKEX Ukrainian group, and answered questions from members of OKEX community.
Activities
Morgan Jones, Vite’s business development manager in New York met with Matthew Washington, deputy head of Manhattan in New York. Morgan presented Vite current solution and how blockchain applications could be used for public good.
Vite COO Richard released a new episode, invited a former leader from Cosmos and the co-founder of the Near Protocol to discuss the future development path of public chain, including blockchain interoperability and developer attraction.- All previous interview episodes can be viewed here: https://blockdebate.buzzsprout.com
- All are welcome to follow Richard’s Twitter: Twitter.com/gentso09
Official: https://www.vite.org/
ViteX Official: https://vitex.net/
Twitter: https://twitter.com/vitelabs
Vite Forum: https://forum.vite.net
Telegram:
English: https://t.me/vite_en
Chinese: https://t.me/vite_zh
Russian: https://t.me/vite_russian
Japanese: https://t.me/vite_japanese
Vietnamese: https://t.me/vite_vietnamese
Arabic: https://t.me/vite_arabic
German: https://t.me/vite_german
Turkish: https://t.me/vite_turkish
Indonesian: https://t.me/vite_indonesian
Spanish: https://t.me/vite_spanish
Portuguese: https://t.me/vite_portuguese
Filipino: https://t.me/vite_filipino
French: https://t.me/vite_french
Discord: https://discordapp.com/invite/CsVY76q
Facebook: https://www.facebook.com/vitelabs/
Instagram: https://www.instagram.com/vite.labs/?hl=en -
RE: Withdraw
Withdraw cash from the Vite coin you having in our app? No for now. VITE Coin will be tradeable once ViteX launches, this July.
Find the difference of Vite coin and Vite token here https://medium.com/vitelabs/vite-vs-vite-erc20-ca15caa93b27
and Thanks a lot @plasmo -
RE: Daily drop isn’t working?
Hi guys, airdrop is working now for both iOS and Android users - Android must be updated to 2.1.1 latest version. For Referral program, it is working for iOS, Androids's will be activated soonest
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RE: Vote for your Vite Community SBPs!
@hitechnic staking give you quota, displayed as UTPS (unit transaction per second), which enables you with speedy transaction and the ability to works with multiple tx in the same time.
https://vite.wiki/tutorial/rule/quota.html#what-is-quota -
RE: V-Day Campaign
@pantsme Gorgeous picture. Happy couple. congrats you two on Valentine's day!
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RE: Illegal action
@Frank-Wills Hi, have you updated the latest version? It was updated bug fixing on 27 Jun. And remember to remove all your all clone apps, keep only 1 Vite app. If things not work then try to delete and re-install the app. Update me the result.
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RE: Register
@abdullahi-hamza hi. Have you updated your app now? It should work