VITE ICO Review

VITE

A Next Generation High-Performance Decentralised Application Platform.

VITE Score



Vite is a generalised decentralised application platform that meets the requirements of industrial applications for high throughput, low latency and scalability while taking into account security. Vite uses DAG ledger structure, and transactions in ledgers are grouped by accounts. The Snapshot Chain structure in Vite can make up for the lack of security of the DAG ledger.

LINKS

WEBSITE WHITEPAPERS

SOCIAL MEDIA

REVIEW VIDEO

TOKEN SALES

METRICS

Green lights

– Using cross-chain protocols. Vite Cross-chain Transfer Protocol (VCTP). – Vite uses the DAG ledger structure. – Vite uses the HDPoS consensus algorithm. – ite supports digital asset issuance, cross chain value transfer.

red flags

– There is no crowd-sale, community airdrop in plans. – No Twitter account as of yet. – Alpha not released until October 2018. – Vite Testnet not released until November 2019. – Still relatively unknown to Crypto community.

VITE
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Unknown

Low No All-Star advisors present, show no proof of involvement. No LinkedIn.

TEAM SCORE

Unknown

Low – Medium Charles Liu (Founder) Veteran blockchain entrepreneur and technical expert. Former senior architect of JD.com, co-founder of Coinport, and engineering director of Meituan Dianping.

HYPE SCORE

Unknown

Low – Still relatively unknown to the community. Project in early stages at the time of writing – 11th June 2018.

TOKEN SCORE

Unknown

Unknown – We only know that there will be 1 Billion tokens.

CONCLUSION

Compared with other similar projects, the characteristics of Vite include: High Throughput – Vite uses the DAG ledger structure, the orthogonal transaction can be written in parallel to the book; in addition, multiple conconsensus groups do not depend on each other in the HDPoS consensus algorithm, and can work in parallel; the most important thing is that the Vite’s inter contract communication is based on the asynchronous model of the message. Low Delay – Vite uses the HDPoS consensus algorithm to collaborate to complete the rotation production block through the proxy node, without the need to calculate PoW, the block interval can be reduced to 1 second. Scalability – In order to meet the scalability requirements, Vite makes a single degree of freedom limit on the transaction. Usability – The improvements of Vite’s usability include providing standard library support in Solidity, dedicated to processing message syntax & timing scheduling of contract.

3.6

ADVISOR

3.5

TEAM

2.2

HYPE

5.2

TOKEN

highspeed

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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