VITE Coin is a cryptocurrency used for executing simple token transactions and smart contract applications. Vite users can also perform staking with tokens. Additionally, VITE can be used for voting for Snapshot Block Producers. Furthermore, a VITE staker with unused transaction quota can rent out such a quota to dApps in exchange for tokens.
What is VITE (VITE)?
VITE (VITE) is a mineable cryptocurrency and serves as the native token of the Vite platform.
Vite is defined as a smart contract platform based on a Directed Acyclic Graph (DAG), equipped with a Snapshot Chain structure to facilitate zero-fee transactions and optimize transaction speed, reliability, and security. The Vite Snapshot Chain uses Hierarchical Delegated Proof of Stake (HDPoS) to reach network consensus, while super nodes only receive staking rewards and do not charge transaction fees. The Vite virtual machine maintains compatibility with EVM and uses Solidity ++, an asynchronous smart contract language.
The current products of the Vite platform are as follows:
- ViteX: A decentralized exchange with an on-chain order book and matching engine, currently supporting over 20 digital assets.
- Vite App: A mobile application that allows access to transactions (ViteX), asset management (wallet), and dapps (for example, Vite-based games) in one place.
- VitePay: A fast and free payment solution used at Ce La Vi Sky Bar in Singapore and taxi services under the Midwest Global network. Users can make payments for businesses with the Vite wallet and receive payments almost instantly with zero fees. VitePay is also integrated with the OpenCart e-commerce platform and available in the official Vite store.
- VitePlus: A Vite-based enterprise Blockchain solution for governments and organizations. Vite developed a pilot application named SyraCoin for the Syracuse government, allowing city housing fund donors to receive Blockchain-based coupons usable within city limits for goods and services.
In addition, Vite has team offices in Silicon Valley, USA, and China, with over 40 full-time team members, more than half of whom are developers. The engineering team of Vite consists of individuals from top IT companies like Tencent, JD, Baidu, Didi, and Meituan.
On the other hand, the advantages of Vite are listed as follows:
- Vite serves as the first public chain implementing smart contracts within a DAG structure.
- Vite enables high transaction speeds with seconds of transaction confirmation and low-cost smart contract creation by facilitating asynchronous sending/receiving of transactions.
- Vite has a free transaction model.
- Vite uses a snapshot chain model that significantly enhances transaction security by eliminating the natural security vulnerabilities associated with DAG.
VITE Coin Review
Looking at VITE coin reviews, we see evaluations that the team behind it works very well and the platform is strong. Therefore, it is thought that VITE will show an increase in the medium and long term.
In addition, some investors express that the VITE coin could increase up to 1,000 times. Evaluating investors’ comments will be easier with current and historical data.
As of the time of preparing this article, VITE Coin, trading at 0.0138 USD, ranks 670th in market value according to CoinMarketCap data, with a trading volume of 6,549,186 USD. Currently, there are 473,268,686 VITE Coins in circulation, with a maximum of 1,005,839,797 VITE Coins expected to be reached.
On the other hand, it is necessary to mention that VITE (VITE) saw its lowest point at 0.0053 USD on March 13, 2020, and set a record high at 0.1148 USD on July 18, 2018.
How to Buy VITE Coin?
VITE Coin can be quickly and easily purchased via Binance, the world’s largest cryptocurrency exchange by trading volume. It is worth mentioning that VITE Coin was listed on Binance on December 213, 2019, and is currently available to users in VITE/BNB, VITE/BTC, and VITE/USDT trading pairs.
