Posts made by Oleg

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
Korean: https://t.me/vite_korean
Japanese: https://t.me/vite_japanese
Vietnamese: https://t.me/vite_vietnamese
Thai: https://t.me/vite_thai
Arabic: https://t.me/vite_arabic
German: https://t.me/vite_german
French: https://t.me/vite_french
Turkish: https://t.me/vite_turkish
Indonesian: https://t.me/vite_indonesian
Spanish: https://t.me/vite_spanish
Malaysian: https://t.me/vite_malaysian
Filipino: https://t.me/vite_filipino
Bengali:https://t.me/vite_bengali

Oleg

Evolution of Decentralized Exchanges

By Charles Liu, Vite Labs CEO

OTC — Stone Age of Trading

Digital assets (e.g. Bitcoin) caused unprecedented demand for ways to facilitate trade between people across borders. At first, this demand was fulfilled on social media platforms where asset holders would create posts or send messages within forums in order to discover trading counter-parties.

Commonly known as over-the-counter (OTC) trading, this method presents obvious problems including inefficiency, high risk of default and lack of effective pricing mechanisms.

As blockchain technologies grew in popularity, new digital assets emerged and more individuals entered the market. OTC trading could no longer keep up with this level of demand so exchanges emerged as designated spaces dedicated to trading.

Centralized Exchanges — Industrial Age of Trading

Centralized exchanges (CEX) gained popularity due to the increasing volume of digital assets and traders globally. Exchanges increased the efficiency of markets, since users could now congregate on common platforms to buy and sell orders that were quickly and automatically matched by the exchanges’ computer programs. In addition, exchanges decreased the risk of trader default by locking up the liquidity of counter-parties during trades.

Typically, a user would transfer their digital assets to a centralized exchange before conducting a trade. Their assets would be locked within the system at a predetermined exchange rate. Through a process called “matching,” the system would automatically find orders in the opposite direction and the exchange would conduct settlement of assets between counter-parties. During the matching process, both parties would be prohibited from moving their assets involved in the trade.

Although centralized exchanges were a welcome departure from OTC trading, they came with their own set of risks and flaws.

Security — Fundamental Flaw of Centralized Exchanges

Although centralized exchanges increased trade efficiency, eliminated default risk and provided an effective pricing mechanism, these benefits came with a price.

In order to ensure trade execution, centralized exchanges require users to deposit their assets. As such, these exchanges gained custody over a tremendous amount of assets, giving rise to serious security concerns. Users have to accept the risk that their exchange-held assets may be stolen and that these assets may be mismanaged by the exchanges. Meanwhile, exchanges must remain vigilant against potential hackers.

Ultimately, since assets go through a centralized authority, whenever an exchange is compromised, it is impossible to tell if stolen assets were looted by external hackers, misappropriated by the exchange or removed by exchange employees themselves.

Although exchange thefts are unlikely, to control security risks and asset misappropriation, exchanges impose restrictions on user redemptions (removing one’s money from an exchange). Any user of a centralized exchange knows that deposits are free and convenient, whereas redemptions involve many constraints (e.g. maximum redemption amounts, long processing times, manual verification requirements).

Monopoly — Original Sin of Centralized Exchanges

From a commercial perspective, centralized exchanges compete as individual corporate entities seeking profit maximization. Once an exchange becomes a monopoly, they exploit their position and charge exorbitant fees from projects looking to list on their exchange. This behavior threatens fair competition in the marketplace of digital assets, increasing both risks and costs for traders.

Many excellent projects in blockchain are organized around open communities, which often lack the capital to pay expensive listing fees. In contrast, mediocre projects that fundraise are able to pay these fees (sometimes over 50% of their fundraise) and use remaining funds for market manipulation to inflate their coin prices.

This kind of corrupt collaboration between exchanges and disreputable projects pose a serious risk for coin buyers, since these projects have neither the financial stability nor the technical capacity to achieve long term success. The result is a vicious cycle where bad coins simply crowd out good coins. This vicious cycle builds bubbles within digital asset markets, threatening the health of the entire blockchain industry.

Therefore, a coin buyer has a love-hate relationship with centralized exchanges. To summarize, here are the pain points for users:

Lack of security of digital assets
Bad user experience especially with registration and redemption
No diversification of options since trading is limited to coins listed by the exchange
Intransparent governance in rule-setting, listing fee remittance and matching logic

Decentralized Exchanges — Information Age of Trading

Decentralized exchanges (DEX) entered the spotlight due to problems associated with centralized exchanges.

The difference between centralization and decentralization can be summarized from a technology angle and from a governance angle.

In terms of technology, a decentralized exchange is a decentralized application (dApp) created on a public blockchain. Trustlessness and immutability are achieved through smart contracts.

In terms of governance, a decentralized exchange is open and driven by community participation; responsibilities are distributed within the community in a decentralized way.

In reality, many decentralized exchanges have been unable to achieve true decentralization from both angles. They either use centralized technologies and allow community participation in governance, or use decentralized technologies while keeping a centralized commercial and governance model.

So, what does a true decentralized exchange look like? What benefits can it offer users?

On-Chain and Cross-Chain — Decentralization from a Technology Angle

The technical stack of an exchange consists of two modules: 1) asset management 2) order matching. The former provides data storage, asset custody and trade settlement. The latter saves order book data and performs order matching.

A truly decentralized technology implements both modules with on-chain smart contracts. Users’ assets are held by smart contracts to safeguard against theft and misappropriation. Users freely redeem their assets without lengthy and complicated redemption processes. Order matching logic is dictated by smart contracts, which removes the risk of cheating behavior such as front-running.

Thanks to the advantages of blockchain, decentralized exchanges enjoy high uptime. At nearly any moment, a node is ready to provide services, hence guaranteeing the continuation of order matching and trade settlement. In the worst case scenario, a user can choose to run a node themselves in order to continue a disrupted trade and securely transfer assets to their wallet.

A completely decentralized solution requires strong performance from the underlying public blockchain alongside low cost of smart contract execution. To date, most public blockchains cannot meet both requirements. Many decentralized exchanges make the tradeoff by utilizing Layer 2 protocols to move low-frequency asset management modules on-chain while keeping high-frequency asset management modules off-chain. Although these solutions solve pressing asset safety issues through decentralization, the off-chain order matching logic reduces the extent of decentralization and subsequently increases the cost of developing and operating the decentralized exchange.

Lastly, the ability to support trading of many different assets (a.k.a. cross-chain) is another key differentiator for decentralized exchanges.

Ownership, Operation, Income Sharing — Decentralization from a Governance Angle

From a governance perspective, in a decentralized exchange, the rights of ownership, operations and income sharing belong to an open community rather than a single entity.

A centralized exchange determines trading hours and can freely change the rules of trading. The organizing entity decides who can trade and what they can trade. Value generated from trading belongs to the entity as income.

A decentralized exchange does not place ownership in the hands of one entity. All changes of trading rules are determined by consensus, via community voting or forking. The decentralized exchange does not select its users nor its trading pairs. The right to set trading fees belongs to the community. Similarly, value generated in a decentralized exchange is income for members of the community.

To date, both centralized and decentralized exchanges have launched some form of platform coin. Based on the economic model of these coins, one can clearly see the governance models of the exchanges.

If the platform coin exists mainly to offset transaction fees (with no other rights like voting power), then the coin is akin to a coupon or rebate. In this case, there is a centralized entity responsible for minting these platform coins for which holders are merely consumers who receive discounts.

Consider an alternative model in which the overwhelming majority of platform coins are owned by the community, which has the power to make decisions regarding exchange operations and is entitled to receive future proceeds from the exchange. In this case, the governance model is decentralized; by empowering the community to share in value generated by the exchange, users are incentivized to perpetuate the marketplace, which ultimately lowers transaction costs for traders.

Consider another feature in which the protocol of the decentralized exchange is made available to other exchange operators in order to increase liquidity. From a unified technology framework, all traders share a deeper order book, so rising tides lift all ships.

Path of DEX Evolution

The diagram shows the evolution of exchanges from the aforementioned two perspectives. The path to decentralization takes two different trajectories yet they both begin with centralized governance and technology, ending with decentralized governance and technology.

The evolution of exchanges

Challenges

Many traders still prefer centralized exchanges over decentralized exchanges, which is understandable. Decentralized exchanges trail behind centralized exchanges in terms of user experience, with the biggest issues being 1) slow order matching 2) high transaction costs 3) insufficient liquidity. No user should tolerate trading confirmation times longer than 10 seconds or having to remit high fees for transaction cancellations. In short, users need the ability to quickly buy and sell digital assets at a low cost.

From a technology perspective, decentralized exchanges must solve for speed and cost. Such challenges are directly correlated to the performance of the underlying public chain. For this reason, many decentralized exchanges have opted to develop their own public blockchain.

Due to the differences in protocols, ledgers and consensus algorithms between public chains, solving the cross-chain liquidity problem of digital assets is a huge challenge. Although there are many cross-chain solutions, none have perfectly addressed this challenge.

Currently, the most viable option for decentralized exchanges to solve this issue is based on a cross-chain approach to notary, which is called “gateway.” The weakness of this model is its reliance on off-chain trust; this reliance prohibits true decentralization. Even if a mechanism for supervising, prioritizing and forming true consensus among different notaries exists, there is a possibility that the notary conspires to manipulate the system.

Another solution for cross-chain liquidity is the atomic swap. The atomic swap model is a peer-to-peer exchange of assets between different public chains, as opposed to a unidirectional asset transfer across the public chain. For example, to trade Bitcoin or Ethereum, one must find a counter-party willing to surrender a corresponding amount of ETH in exchange for BTC. Then, the ETH transfers to one’s wallet while one’s BTC is transferred to the counter-party’s wallet. In this way, the atomic swap is most suitable for OTC transactions but cannot satisfy on-chain order matching.

There is also a type of “isomorphic cross-chain” solution, used by projects like Cosmos and Polkadot, to improve interoperability between chains with existing protocols by designing a higher level protocol. The problem is that they cannot achieve “cross-chaining” between existing public chains, unless mainstream public chains such as Bitcoin and Ethereum are compatible with such higher level protocols. In the short term, this is a difficult reality to achieve because the cross-chain problem lies in the cross-protocol interaction and competition between public chains is essentially the competition between protocols. Therefore, accomplishing the goal of “cross-chaining” through a unified protocol is incredibly difficult.

Decentralized exchanges must provide sufficient liquidity incentives, which rely primarily on proper governance and incentive models. This requirement is often overlooked and it is the greatest shortcoming of current decentralized exchanges.

Strictly speaking, an exchange with decentralized technology and centralized governance should not be called a decentralized exchange. The decentralization of governance is far more difficult than the decentralization of technology. Whether it is the design of economic models, the establishment of communities or the development of trading ecosystems, full decentralization is a long process wherein traders, traditional exchanges, projects, market makers and crypto investors attempt to achieve a stable environment through ongoing competition and collaboration.

Therefore, a truly decentralized exchange should focus on building a complete trading ecosystem, coagulating the liquidity that was originally dispersed in different “centers” rather than trying to become a new “center.” This is the true meaning of decentralization.

Destination of DEX Evolution — Completely Decentralized Exchange

As public chains and governance models improve across the blockchain industry, all necessary pieces are available to build a commercially viable fully decentralized exchange. Users from traders to enthusiasts are looking forward to a new generation of digital asset exchanges that are decentralized from technology to governance. Vite Labs presents ViteX (Vite DEX), a product that brings us one step closer to the ideal.

The exchange should be built on a high-performance, low-cost public chain with on-chain order matching and cross-chain capabilities.
The exchange should have a fully open ecosystem that not only benefits the community, but rather, is “by the community for the community.”
The governance model should benefit all participants within the ecosystem whether they are traders, operators, liquidity providers or blockchain projects.

ViteX is a decentralized exchange with a user experience on par with centralized exchanges. Assets are controlled by the user’s own private key and do not require complicated registration processes.

ViteX is an open platform that anyone can use to open their own trading zone as easily as opening a store on eBay.

The main role of ViteX operators is the “DEX operator,” which is similar to being an eBay store owner. These operators could be from centralized exchanges, blockchain projects, token funds or community leadership circles. Operators have their own trading zones and retain their own brands. They have the right to list trading pairs, set transaction fees and more. The operators’ brands and credits are critical to their success. For example, operators with strict listing standards and due diligence processes may be more likely to be promoted by users.

ViteX provides the infrastructure for community operated exchanges including smart contracts, websites, application programming interfaces (API) and software development kits (SDK). Operators either build their own websites based on the ViteX API or they connect with their own trading systems.

ViteX provides community incentives and decentralization through the VX platform token. There is no pre-sale nor pre-mining for VX, which ensures an equal playing field for all users. VX can be obtained through completing a transaction, opening a new trading pair, providing quotas for ViteX smart contracts, providing liquidity to ViteX, inviting new users and more. These rules are to be written into the smart contract as part of the protocol.

The ViteX platform is owned by VX holders and any changes to the protocols and rules must go through a voting process of VX holders. 100% of profits generated by ViteX will be distributed back to VX holders in proportion to their VX holdings.

ViteX is built on the Vite public chain. Vite is an asynchronous high performance public chain with smart contract capability, based on DAG ledger with Hierarchical Consensus mechanism. Transactions confirm within a second and there are no transaction fees. Vite offers multi-token support and cross-chain assets. Vite is designed for use cases like decentralized exchanges, which mandate a certain level of performance and stability.

Our intent is for ViteX to serve as a model that accelerates the evolution of decentralized exchanges across the industry. This movement would generate more business opportunities and bring prosperity to the digital asset ecosystem and to cryptocurrency traders.

Oleg

Двухнедельный отчет Vite

15 ~ 31 мая 2019 г.

Недавние достижения

21 мая мы начали переход от Vite Testnet к Vite Pre-Mainnet. По состоянию на 22 мая наш Pre-Mainnet официально работает. Эта версия go-vite имеет те же основные функции, что и Mainnet (ожидается запуск в 3 квартале!).
В качестве небольшой благодарности всем членам нашего сообщества, которые так терпеливо ждали, пока мы обновляли Testnet, мы удвоили награды в виде аэрдропа с 22 по 24 мая.
24 мая был выбран официальный логотип ViteX Exchange. Большое спасибо нашему члену сообщества С. Луо за логотип — будьте начеку, чтобы получить награду в 200 000 VCP!

28 мая был объявлен результат голосования по третьему раунду экономической модели ViteX. Мы настроили модель оплаты для базового сбора в размере 0,2% для всех пользователей. Стейк на 10 000 VITE позволит трейдерам снизить базовую комиссию до 0,1%. Кроме того, децентрализованная биржа Vite будет иметь роли операторов ViteX — дополнительную информацию можно найти здесь.

Системные разработки

Go-vite

22 мая миграция Vite Pre-Mainnet была успешно завершена.
Плагин тестирования VS Code Smart Contract выпущена версию 0.3.1 и совместима с Pre-Mainnet.

Vite Приложение

Выполнено

Vite Wallet iOS версии 2.2.0 теперь доступен для скачивания.
Выпущена версия ViteJS 2.1.2-alpha.1. Эта версия была адаптирована для Pre-Mainnet и имеет обновленные функции, связанные с транзакциями.
Оптимизирован ViteJS пакет, тестирование и документация

В разработке:

Android V2.1.0: добавление функция конвертации токена в кошельке и автоматическая мнемоническая подсказка для повышения безопасности, исправление ошибки, которая иногда приводит к тому, что баланс генерации ERC20 равен нулю.
iOS-кошелек: добавляется функция конвертации токена в кошельке и поддержка запросов статуса транзакций GRIN.
Веб-кошелек: пересмотр и адаптация DEX API. Новая версия 1.8.0 сочетает в себе управление активами кошелька и DEX. Разработка завершена и вступила в фазу тестирования.

Блок эксплорер

Обновлен для совместимости с Pre-Mainnet.

ViteX

Улучшенна документация кроссчейншлюзов, позволяющая третьим сторонам внедрять шлюзы на основе межсетевых документов.
Смарт контракт инфраструктура теперь совместима с Pre-Mainnet.
Функции VX майнинга и распределения дивидендов выполнены на 40%.
В настоящее время идет работа над адаптацией Pre-Mainnet для: анализа времени чеканки токенов, ненормальных ордеров, а также записей ввода и вывода.
Новый DEX API был завершен и вступил в фазу тестирования.
Разработка Java SDK ViteX завершена на 20%.

Построение сообщества

В дни, предшествовавшие запуску Pre-Mainnet (20–22 мая), мы выпускали по постеру в день и просили членов нашего сообщества помочь нам распространить информацию в Twitter. Три лучших твита с наибольшим количеством ретвитов каждого плаката получили 1000, 700 и 500 VITE.

Мы запустили еще одну кампанию! На этот раз мы пробуем что-то немного другое. Если у вас более 10000 поклонников в Twitter или более 5000 подписчиков на канале YouTube, вы можете стать частью нашей новой программы Diamond Bounty. Для получения дополнительной информации, проверьте эту ссылку здесь.

Мероприятия

17 мая Vite COO Ричард Ян посетил блокчейн-мероприятие, проводимое Plug and Play, известным инкубатором Силиконовой долины, в качестве участника дискуссии, где он обсудил темы, связанные с децентрализованным финансированием.

Official: https://www.vite.org/

Instagram:https://www.instagram.com/vite.labs/?hl=en

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
Korean: https://t.me/vite_korean
Japanese: https://t.me/vite_japanese
Vietnamese: https://t.me/vite_vietnamese
Thai: https://t.me/vite_thai
Arabic: https://t.me/vite_arabic
German: https://t.me/vite_german
French: https://t.me/vite_french
Turkish: https://t.me/vite_turkish
Indonesian: https://t.me/vite_indonesian
Spanish: https://t.me/vite_spanish
Malaysian: https://t.me/vite_malaysian
Filipino: https://t.me/vite_filipino
Bengali:https://t.me/vite_bengali

Vite Wallet
_Edit description_x-test.vite.net

Oleg

Как стать оператором ViteX

Все, что Вам нужно знать

Скорее всего, если вы читаете это, то вы возможно заинтересованы в том, чтобы стать оператором ViteX. Хорошо, вы попали в нужное место. Читайте дальше, чтобы узнать, как стать неотъемлемой частью экосистемы ViteX!

Что такое ViteX?

ViteX — это децентрализованная биржа (DEX) сообщества, сделанная сообществом для сообщества.

Быстро и без проблем. ViteX — это приложение, созданное на основе публичной сети Vite. Используя DAG лэджер и асинхронную архитектуру Vite, ViteX может предложить быстрое подтверждение транзакций и сопоставление стакана биржи (сравнимое с централизованной биржей), все еще работая на полностью децентрализованной платформе.

Открыто и прозрачно. Многие из других платформ DEX работают по частично децентрализованной модели с модулями управления активами на цепи и модулями стакана биржи вне цепи. ViteX, напротив, позволяет обоим модулям работать полностью на цепи, обеспечивая полную прозрачность, во всех аспектах опыта торговли.

Справедливо для всех. В экосистеме ViteX есть токен, называемый VX, который будет майниться сообществом и использоваться для определения коэффициентов дивидендов членов сообщества. У VX не будет предпродажи, предварительного майнинга или ICO. 90% от общего объема поставок будет распределено среди торгового сообщества, а оставшиеся 10% будут переданы Vite Labs. Кроме того, все комиссионные за транзакции, собранные в ViteX, будут распределены трейдерам в зависимости от количества VX, которое они имеют.

Кто такой оператор ViteX?

Как новое поколение децентрализованных торговых платформ, ViteX имеет уникальную роль ViteX Operator. Вы можете думать об Операторе ViteX («Оператор») как о физическом или юридическом лице, которое управляет своим собственным мини-DEX (называемым «Зоной») поверх ViteX. В своих соответствующих зонах операторы могут устанавливать торговые пары, настраивать комиссию за транзакции и получать прибыль от пользователей, которые выбирают торговлю в их Зоне. Проекты Blockchain, инвестиционные фонды, централизованные биржи, индивидуальные трейдеры могут зарегистрироваться и стать операторами.

Что может ViteX Operator?

Операторы ViteX имеют право:

Выбирать токены, которые они хотят залистить в своей Зоне. Оператор обязан провести собственную экспертизу, когда дело доходит до листинга токенов. Оператор также оставляет за собой право приостановить торговую деятельность для любой торговой пары, указанной в его Зоне.
Открывать торговые пары. ViteX предоставит кроссчейн шлюзы для BTC, ETH и стейблкоинов. Если операторы захотят залистить другие торговые пары, им нужно будет установить свои собственные кроссчейн шлюзы.
Настраивать комиссию за транзакцию для каждой торговой пары. ViteX взимает базовую комиссию за транзакции в размере 0,2% за все транзакции, которые происходят на платформе ViteX. Оператор имеет право увеличить эту базовую комиссию за транзакцию на 0–0,2% (т. е комиссия трейдера может составлять от 0,2% до 0,4%), и любая дополнительная прибыль будет поступать Оператору. Оператор оставляет за собой право корректировать комиссию за транзакцию в любое время.
Передавать свои аккаунты Оператора другим сторонам.

Требования к Оператору ViteX

Заполните форму оператора ViteX.
При необходимости настроить кроссчейн шлюз.

ViteX предоставит собственный кроссчейн шлюз для основных валют, включая BTC, ETH и один стейбл коин. Если операторы хотят настроить свои собственные кроссчейн активы, они могут настроить свой собственный API интеграции. Для операторов, которые не могут создавать свои собственные кроссчейн шлюзы, они могут выбрать других поставщиков услуг кроссчейн шлюза.

3. Чеканка кроссчейн активов.

После завершения настройки межсетевого шлюза операторам необходимо будет чеканить токены не нативного актива в публичную цепь Vite. Чтобы чеканить токены, нужно сжечь 1000 VITE.

4. Откройте торговую пару на бирже. Новую торговую пару можно открыть либо в веб-версии кошелька Vite, либо через специально созданный API.

5. Отрегулируйте ставку комиссии за транзакцию. Первоначально ставки комиссионных за транзакции могут быть скорректированы через API. Будущие обновления позволят корректировать ставки комиссионных за транзакции через веб-версию кошелька Vite.

6. Получать ежедневный комиссионный доход. Ежедневная выручка может быть проверена по vite адресу Оператора. Доход от комиссионных за транзакции будет распределяться по четырем основным криптовалютам: BTC, ETH, VITE и USD стейблкоин.

7. API для создания ордеров. Чтобы добавить глубину в книги ордеров Зоны, ViteX предоставит API (скоро).

Доступна бета-версия ViteX

Official: https://www.vite.org/

Instagram:https://www.instagram.com/vite.labs/?hl=en

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
Korean: https://t.me/vite_korean
Japanese: https://t.me/vite_japanese
Vietnamese: https://t.me/vite_vietnamese
Thai: https://t.me/vite_thai
Arabic: https://t.me/vite_arabic
German: https://t.me/vite_german
French: https://t.me/vite_french
Turkish: https://t.me/vite_turkish
Indonesian: https://t.me/vite_indonesian
Spanish: https://t.me/vite_spanish
Malaysian: https://t.me/vite_malaysian
Filipino: https://t.me/vite_filipino
Bengali:https://t.me/vite_bengali

Oleg

Towards absolute decentralization

Oleg

Vite Bi-weekly Report

May 16~31, 2019

Recent Milestones

On May 21st we began the transition from the Vite Testnet to the Vite Pre-Mainnet. As of May 22nd, our Pre-Mainnet is officially live. This version of go-vite shares the same core functions as the Mainnet (expected launch in Q3!).
As a small thank you to all our community members who waited so patiently while we updated the Testnet, we doubled the airdrop rewards from May 22nd to May 24th.
On May 24th, the official ViteX Exchange Logo was selected. Big thank you to our community member C. Luo for the logo — please be on the lookout for your 200,000 VCP reward!

On May 28th, the ViteX round 3 economic model voting result was announced. We adjusted the fee model to a base fee of 0.2% for all users. Staking 10,000 VITE will make allow traders to reduce the base fee to 0.1%. Additionally, Vite’s decentralized exchange will feature a ViteX Operator role — more information can be found here.

System Developments

Go-Vite

On May 22nd, the Vite Pre-Mainnet migration was successfully completed.
The VS Code Smart Contract testing plugin released version 0.3.1 and is compatible with the Pre-Mainnet.

Vite Wallet App

Completed:

Vite Wallet iOS version 2.2.0 is now available for download.
Released ViteJS 2.1.2-alpha.1 version. This version has been adapted to the Pre-Mainnet and has updated transaction-related functions.
Optimized ViteJS packaging, testing & documentation.

Under development:

Android V2.1.0: adding in-wallet token conversion function and an automatic mnemonic prompt to enhance security, fixing a bug that sometimes results in the ERC20 generation balance to be zero.
iOS wallet: adding in-wallet token conversion function and support for GRIN transaction status queries.
Web wallet: revising and adapting DEX API. The new version 1.8.0 combines wallet and DEX asset management. Development is complete and has entered into the test phase.

Block explorer

Updated to be compatible with the Pre-Mainnet.

ViteX

Improved cross-chain gateway documentation to enable third parties to implement gateways based on cross-chain documents.
Smart contract infrastructure is now compatible with the Pre-Mainnet.
VX mining and dividend distribution functions are 40% complete.
Currently working on Pre-Mainnet adaptations for: analysis of token minting time, abnormal orders, and deposit and withdrawal records.
New DEX API was completed and has entered the test phase.
Development of the ViteX java SDK is 20% complete.

Community Building

In the days leading up to the Pre-Mainnet launch (May 20–22), we released one poster per day and asked our community members to help us spread the word on Twitter. The top three tweets with the most retweets of each poster were awarded 1000, 700, and 500 VITE.

We launched another campaign! This time, we’re trying something a little different. If you have 10,000+ fans on Twitter or 5,000 + subscribers on YouTube channel, you can be a part of our new Diamond Bounty program. For more information, check this link here.

Activities

On May 17th, Vite COO Richard Yan attended a blockchain event held by Plug and Play, a well-know Silicon Valley incubator, as a panelist where he discussed topics relating to decentralized finance.

Official: https://www.vite.org/

Instagram:https://www.instagram.com/vite.labs/?hl=en

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
Korean: https://t.me/vite_korean
Japanese: https://t.me/vite_japanese
Vietnamese: https://t.me/vite_vietnamese
Thai: https://t.me/vite_thai
Arabic: https://t.me/vite_arabic
German: https://t.me/vite_german
French: https://t.me/vite_french
Turkish: https://t.me/vite_turkish
Indonesian: https://t.me/vite_indonesian
Spanish: https://t.me/vite_spanish
Malaysian: https://t.me/vite_malaysian
Filipino: https://t.me/vite_filipino
Bengali:https://t.me/vite_bengali

https://www.forbes.com/sites/billybambrough/2019/05/30/how-billionaires-are-buying-up-bitcoin/#54cf449c208c

Oleg

Vote for your Vite Community SBPs!

(Because we’re phasing out the official Vite SBPs)

If you’ve been following along, you’ll know that Vite successfully completed its migration to the Pre-Mainnet last week. The Pre-Mainnet is a major upgrade from the Testnet, including significant upgrades and improvments to data ledger storage structures and operating efficiency.

As part of this transition, we will be phasing out the official Vite SBPs in order to promote fair and equal competition for the community SBPs. By June 5, 2019, all the official Vite SBPs will be removed from the SBP list. If you have voted for any of the official Vite SBPs, now is the time to take that vote and cast it for a community-run supernode. If you don’t re-vote, you will no longer receive any rewards from the official Vite SBPs (since they won’t exist anymore).

So, to reiterate: GO VOTE.

How do I decide who to vote for?

At the moment, there are 39 community supernodes — they can be found here. Additionally, we are working on an SBP introduction page with more detailed information about the people behind each SBP here. Please note that this list is not yet complete (we only have about 13 SBPs listed at the moment).

How do I get listed on the SBP page?

If you’re an SBP and haven’t completed this form, please complete this form so that we can feature you as an official community SBP on the web page above.

How do I vote for an SBP?

Voting is super easy. First, open up your wallet and select the “Vite” bar from the home page.

Once you open up your Vite holdings page, you should see a “Vote” button. Click on it.

You’ll be taken to a list of all the available candidate nodes, where you can select your preferred node by clicking the “Vote” button.

Once you have selected your node, you’ll need to input your password, confirm your selection, and, if applicable, run a quick PoW to complete the action. Obviously, don’t do what the screenshots below are suggesting by voting for an official Vite supernode (since they will be removed). We didn’t want to bias anyone towards any of the community SBPs.

After a successful vote, your screen should look something like this:

And…that’s it! Happy voting!

Oleg

Far from the murky, impersonal world of online bitcoin and cryptocurrency exchanges, the world's wealthiest who want to buy bitcoin do it through an office in west London's upmarket Mayfair—and the relatively new service is becoming increasingly popular amongst the super rich with an interest in crypto.

The Dadiani Syndicate, which styles itself as an investment "platform for ... maximizing your digital holdings," and matches big bitcoin buyers and sellers in a way similar to buyers and sellers of fine art, claims to have helped clients who want to acquire "up to 25% of the bitcoin market"--worth many billions of dollars.

alt text

Bitcoin has exploded back into the limelight over the last couple of months after the bitcoin price rocketed higher in April—sparking a bull run that continues to roll on and has taken the bitcoin price to almost $9,000 from under $4,000 at the beginning of this year.

The Dadiani Syndicate was set up by art dealer Eleesa Dadiani who first began using bitcoin and cryptocurrencies a few years ago in response to investor demand and is operated out of the same office as Dadiani Fine Art.

Last year, Dadiani Fine Art, in partnership with blockchain platform Maecenas Fine Art, made headlines after putting 49% of Andy Warhol’s 1980 work "14 Small Electric Chairs" up for sale for bitcoin and other cryptocurrencies via the ethereum blockchain.

"When I founded the institution it was a way for people to cash out of their cryptocurrency assets," Dadiani said. "But we found there were people who wanted us to assist them in buying enormous amounts of bitcoin."

The Dadiani Syndicate is described as a "peer to peer network," with people trading between each other; Dadiani claims her role is to put together people who want to sell and those who want to buy, just as she does in the art world.

"One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available," Dadiani said. "There are a number of entities who want to dominate the market."

A quarter of all bitcoin currently in circulation, including those bitcoin that may be permanently lost, is around 4.5 million and worth a staggering $38 billion at current exchange rates.

Dadiani said this kind of accumulation is not possible to "realize" but her company has been instructed, "to scour the markets and gain access to as close to 25% as possible."

alt text
Eleesa Dadiani's interest in bitcoin and cryptocurrencies was sparked by her work as an art dealer.

"A buyer of this size is going to push the price up to make this kind of accumulation even more expensive," said Mati Greenspan, brokerage eToro's senior market analyst. "There are ways to offset that kind of demand-based price increase but after a certain level there's not much you can do to prevent it."

According to Greenspan's estimates, of the 21 million bitcoin that will ever exist, "many will not be mined for a long time and many more are lost for good."

"Yet even a greater number of coins are currently being held by hodlers [a name for long-term bitcoin holders] who will not be willing to part with them for any price," Greenspan wrote in a note to clients. "Realistically speaking, there are probably less than 5 million coins actually circulating at the moment."

One of the biggest challenges for Dadiani is how to buy large amounts of bitcoin without affecting the market.

"People buying large quantities of bitcoin want to avoid slippage," said Dadiani. "The only way to do this is to avoid exchanges."

Slippage is the difference between the expected price of a trade and the price at which the trade is executed and can be made worse by periods of higher volatility, something the bitcoin market is especially prone to, and when a large order is made in a low volume market.

Dadiani claims to have built up a consortium of sellers from around the world who have "colossal" amounts of bitcoin or who want to buy significant amounts and she is confident they have all been properly vetted against money laundering regulations.

"We don't deal with people who are not clients of reputable banks," said Dadiani. "We are market makers, coordinators of these trades. Once you involve banks and institutions, it's up to them to make sure their clients are abiding by regulations."

The Dadiani Syndicate is currently in the midst of its fourth trade, all of which have been "very large volume" and each taking weeks or months to complete. The Dadiani Syndicate receives a percentage of each trade; a brokers' fee.

The trades so far have all been well into the millions of dollars, made up of thousands of trades per day.

alt text

Since the beginning of this year, the bitcoin price has ballooned over 120%—adding billions of dollars to the value of these trades.

"The interest in bitcoin has never waned," said Dadiani, adding her art gallery has dabbled in cryptocurrency for years. "Though the media paints a very different picture."

"At the moment, people just want to buy bitcoin. There's little interest in other cryptocurrencies but we have not been doing this long and would be open to others in the future if clients wanted it. If someone wants large amounts of ether or another major cryptocurrency, we would likely be able to find a seller."

"Art and cars are a small industry, bitcoin and crypto is something different," Dadiani added.

Oleg

Vite Pre-Mainnet Уведомление об Аварийном Обновлении

Начиная с 14:09 30 мая (по пекинскому времени) случайный неуместный вызов контракта приводил к отсутствию содержимого запроса в блоке моментальных снимков и к временному отключению сети. Все супер ноды Vite и полные ноды должны обновиться до версии 2.1.4 gvite для восстановления. Восстановление содержит небольшую часть отката лэджера. Все пользователи должны проверять транзакции, отправленные в течение соответствующего периода, и должны отвечать за их повторную отправку, если предыдущие транзакции были неудачными или удалены. Vite Labs благодарит вас за понимание и приносит извинения за доставленные неудобства.

Шаги для Vite Pre-Mainnet Обновления

Установите последнюю версию gvite 2.1.4 по адресу https://github.com/vitelabs/go-vite/releases/tag/v2.1.4 .
Убейте существующий процесс gvite, если он не завершается
Скачайте recovery.sh и скопируйте в папку установки gvite ( recovery.sh находиться здесь https://github.com/vitelabs/go-vite/releases/tag/v2.1.4 )
Перейдите в папку установки gvite и выполните «./recover.sh» для восстановления

Oleg

Голосуйте за SBP сообщества Vite!

(Потому что мы отказываемся от официальных SBP Vite)

Если вы следили за нами, вы должны знать, что Vite успешно завершил миграцию в Pre-Mainnet на прошлой неделе. Pre-Mainnet — это серьезное обновление Testnet, включающее значительные обновления и улучшения структур хранения данных и повышения эффективности работы.

В рамках этого перехода мы будем постепенно сворачивать официальные SBPs Vite, чтобы содействовать справедливой и равной конкуренции для SBP сообщества. К 5 июня 2019 года все официальные SBP Vite будут удалены из списка SBP. Если вы проголосовали за какой-либо из официальных SBP Vite, сейчас самое время взять этот голос и отдать его за супер ноду, управляемую сообществом. Если вы не проголосуете повторно, вы больше не будете получать вознаграждение от официальных SBP Vite (поскольку они больше не будут существовать).

Итак, еще раз: ВПЕРЁД ГОЛОСОВАТЬ!

Как мне решить, за кого голосовать?

На данный момент существует 39 супер нод сообщества — их можно найти здесь. Кроме того, мы работаем над вводной страницей SBP с более подробной информацией о людях, стоящих за каждым SBP здесь. Обратите внимание, что этот список еще не завершен (на данный момент там всего около 13 SBP).

Как мне попасть в список на странице SBP?

Если вы являетесь SBP и не заполнили эту форму, заполните ее, чтобы мы могли представить вас в качестве официального SBP сообщества на указанной выше веб-странице.

Как мне проголосовать за SBP?

Голосование является супер простым. Сначала откройте свой кошелек и выберите панель «VITE» на главной странице.

После того, как вы откроете свою страницу владений Vite, вы должны увидеть кнопку «Vote». Нажмите здесь.

Вы попадете в список всех доступных нод-кандидатов, где вы можете выбрать предпочитаемый вами ноду, нажав кнопку «Vote».

После того, как вы выбрали свою ноду, вам нужно будет ввести свой пароль, подтвердить свой выбор и, если применимо, запустить Run PoW для завершения действия. Очевидно, не делайте того, что предлагают скриншоты ниже, голосуя за официальную супер ноду Vite (так как эти ноды будут удалены). Мы не хотели никого склонять к голосу за какую-либо SBP из сообщества.

После успешного голосования ваш экран должен выглядеть примерно так:

И это все! Счастливого голосования!

Official: https://www.vite.org/

Instagram:https://www.instagram.com/vite.labs/?hl=en

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
Korean: https://t.me/vite_korean
Japanese: https://t.me/vite_japanese
Vietnamese: https://t.me/vite_vietnamese
Thai: https://t.me/vite_thai
Arabic: https://t.me/vite_arabic
German: https://t.me/vite_german
French: https://t.me/vite_french
Turkish: https://t.me/vite_turkish
Indonesian: https://t.me/vite_indonesian
Spanish: https://t.me/vite_spanish
Malaysian: https://t.me/vite_malaysian
Filipino: https://t.me/vite_filipino
Bengali:https://t.me/vite_bengali