DAG-based Vite platform launching mainnet on September 25

The launching of mainnet marks a significant milestone in Vite’s development as it signifies that the Vite public chain will now formally support the functions and expansions of the ecosystem built upon it.

Vite Labs, creators of a high performance asynchronous decentralized application platform, announced this week that its mainnet will officially launch on September 25th.

Vite utilizes a DAG ledger, this architecture is built for speed and scalability. It brings an effective solution for feeless transactions as each account has its own blockchain and payments are separated into two transactions: sending and receiving.

Moreover, back on January 18, 2019, the Vite public chain completed hard fork “Smart” which enables support for the creation and calling of smart contracts.

Products and Use Cases

Vite is dedicated to developing the full stack of possible technologies on its public-chain. From international payments to a decentralized exchange platform to public finance, the team has built an ecosystem of products that is not only capable of driving a circulating payment system, but also proven to be practical for real-world uses.

Vite Wallet

Multi-chain mobile wallet

ViteX

Decentralized exchange (DEX)

VitePay & ViteStore

Payment platform and storefront

SyraCoin

DApp for cities

Token Swap

Following the launch of the Vite mainnet, a token swap will commence. Currently, existing VITE ERC 20 tokens can be converted into Vite native coins at the rate of 1:1 upon completing a token swap.

To swap, deposit ERC 20 tokens on the Vite wallet and click “convert” to complete the process. Since the Ethereum public chain charges for withdrawals, a small amount of ETH needs to be transferred to Vite wallet to initiate the deposit.

“After mainnet goes live, we will launch a Vite Public Chain Bug Bounty campaign to verify and ensure the safeness and stability of our technologies. Developers from all around the world will be invited to evaluate the security performance of Vite Public Chain, and whoever discovers a bug will be rewarded. Here at Vite, we strive to continue making breakthroughs and bringing innovations in blockchain technology. In the future, we will form a tech community that regularly holds technology sharing events such as Hackathons, and invite global blockchain developers to witness the development of the blockchain industry.”
–  The Vite Team

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