@Richard_Yan Is there a specific limit to the amount of quota a user can obtain by running PoW? When should a user stake VITE in order to obtain quota?

This is awesome! (Are admins allowed to participate? )

Great post! It is refreshing to see some constructive criticism, as only by recognizing and addressing shortcomings can we improve

News

VITE is listed on Bittrex! Check Bittrex official announcement.

Development

APP WALLET

• The voting feature on the Vite Android wallet has been developed.
• iOS V1.3.0 added in a Discovery module to support Vite’s latest activities. It is expected to be launched in mid-January. The in-wallet airdrop feature is in joint debugging phase.
• The QR code of Vite Pay specification and development is finished.
• The web version wallet vitejs SDK V1.1.2 and its documentation have been released. https://vite.wiki/api/vitejs

BLOCK EXPLORER

• The ‘Announcement’ feature has been released within the Block Explorer. The Vite community will be more informed about any system updates and iterations information.
• Optimization of ws disconnection / reconnection mechanism.

GO-VITE

• The go-vite smart contract is currently being tested.
• There was a focus on optimizing the p2p logic, speeding up node discovery, fixing suspended animation during synchronization, and enhancing connectivity between SBPs.
• Account verification logic optimized to increase verification speed.
• The contract chain has been optimized and the block logic released to improve the response efficiency of the response block.
• The full-node API supports sub-token query transaction lists.
• Vite has added a quota calculation function that monitors the last hour of data usage and distribution patterns seen in the entire network. The team has prepared for a feature that will facilitate an automatic adjustment of the quota limit, dependent on how busy the whole network is.
• Go-vite version 1.2.0 has been released from the snapshot block height of 578,8912, which is a hard fork name-coded as Smart. After hard fork, go-vite will support creating contracts and calling contracts.

DEX

• The back-end system design has been finished, contributing to an overall 40% of back-end development that is completed.
• The exchange’s built-in contract completed V0.1, code refactoring. V0.2’s development is 10% completed. V0.2 added rules regarding transaction fees, quota verification, timeout order processing, and optimized storage.
• Built-in contract V1.0 was improved upon.
   

Vite Store

• The new Vite Store has already started testing its functionality. This new store will encourage and support global commerce and international web traffic.
• In efforts to prepare for and celebrate the Chinese Spring Festival, Vite Store will be releasing the Vite New Year’s desk calendar.

~Chinese Spring Festival Calendar
 

Community Building

FORUM

• On January 7th, the Android Wallet debug activity was released. Different kinds of informative feedback on the bug were rewarded with different amounts of VITE (200–500 VITE).
  https://medium.com/vitelabs/vite-android-wallet-bug-bounty-program-is-launched-bdecb0dc7718
• On January 9th, a survey based on the functioning of Vite wallet was released to the community.

~Wallet Survey

• From January 7th to the 21st, the Vite Forum Writeup Campaign is live. Users can post their insightful, opinionated perspectives about the Vite TestNet experience and get rewarded VITE. The length of the posts and the informative nature of the content dictates who can be deemed a forum campaign winner.
  https://medium.com/vitelabs/forum-write-up-campaign-2ec99cfbf23c
• From January 10th to 31st, all users who participate in our January Token Conversion campaign and transfer ERC20 VITE to TestNet will get 1% of the conversion amount as a reward.
  https://medium.com/vitelabs/erc20-to-vite-token-conversion-january-campaign-round-2-93852eb861c5

TWITTER

• From January 3rd to February 3rd, the #ViteVS campaign has been buzzing with activity. The primary purpose for this campaign is to give our community a voice and let them compare Vite to other public chain projects. Provided all campaign guidelines are met, each insightful #ViteVs tweet can win 300 Vite in rewards this month.
  https://medium.com/vitelabs/vite-vs-campaign-f59d36bb47a5

BITCOINTALK

• On January 5th, the winners of the Bitcointalk Signature Design Competition were announced. Umсkа and Fanomoello won first and second place respectively.
• We are currently holding a Bitcointalk Signature Campaign. Join us HERE!
  https://bitcointalk.org/index.php?topic=5095069.0

ACTIVITIES

• On January 9 to 11th , the Vite team attended CES Conference in Las Vegas, and had an opportunity to network with blockchain companies around the world. We want to thank the Dutch Consulate for introducing us to blockchain projects in the Netherlands.

~Vite Team at CES

• On January 15th, Vite CMO Luke mentored at Berkeley Method of Entrepreneurship, focusing on collaboration with students interested in the blockchain industry.
• Vite Labs is currently exploring a blockchain partnership with the City of Syracuse, New York on the use case of implementing micro-loans to low-income residents.

Hello and welcome to our community!

If you'd like to learn more about Vite, this link contains a handy list of resources that should help get you acquainted. If you feel like trying out the TestNet, head on over to https://vite.net/ and create a wallet and request some test tokens (VTT) to play with.

Do hop on our Telegram and Discord as well, where our friendly team of admins and fellow Vite enthusiasts will be more than happy to answer any questions you may have.

We also have a number of currently active campaigns where anyone can participate and earn some VITE.

Better yet, if you own some VITE ERC20 tokens and choose to convert them to VITE on the TestNet, you will receive an additional 1% of the total amount of VITE converted. For more details about this conversion campaign, check out this link: https://medium.com/vitelabs/erc20-to-vite-token-conversion-january-campaign-round-2-93852eb861c5.

Thanks for joining us, and hope to see you around!

Very creative! I think you're the first to use a video format to showcase your experience with the Vite testnet. My two main takeaways from using the testnet are:

1. How simple it is to conduct send transactions on the network. For casual users like myself, not having to worry about paying enough gas to ensure my transaction goes through is awesome.

2. As you mentioned, the speed at which the Vite network operates is sensational. Send and receive transactions complete in seconds, all while being secured by the snapshot chain.

Thanks for sharing, and keep creating more cool content!

I like what you said about the SBPs and the efforts being made by two of the more visible ones in promoting their nodes and in doing so building communities around themselves and for Vite in general. I think the nature of Vite's DPOS consensus mechanism will naturally cause the largest communities to form around the biggest nodes (i.e. nodes that stand the highest chance of being SBPs). Node owners are incentivized to develop on and promote Vite in order to attract votes and by doing so increase their chances of becoming an SBP (and receiving attractive payouts). At the same time, VITE holders are incentivized to vote for node owners who have the highest chances of becoming SBPs, in order to secure the rewards paid out by SBPs. This creates a virtuous circle effect, where development/promotion attracts votes (and therefore community), which encourages development/promotion, and so on. Once the smart contract and DEX functionalities goes live, I think we will see more node owners actively participating in the development and promotion of the Vite ecosystem in order to encourage holders to vote for them. It is still early days, but Swissvite and Snapsecure are truly setting the pace for the rest of the node owners to follow.

@bonita_v Awesome!