Vite (VITE) ICO Review & Analysis – Vite Review & Token Analysis

Vite

A Next Generation High-performance Decentralized Application Platform

ERC20 Token

Vite is a general-purpose platform for decentralized applications. It is designed to support industrial-strength applications by offering high throughput, low latency and scalability while also providing security.

Vite is a universal dApp platform that can support a set of smart contracts, each of which is a state machine with independent state and different operational logic, which can communicate by message delivery.

Features:

DAG Ledger – Transactions in Vite are grouped by accounts. That is, each transaction only changes the state of one single account. Send transactions are separated from receive transactions, thereby obviating the need to wait for a transfer to be complete before the initiation of another transaction.
Message-Driven – With an event-driven architecture, every smart contract is viewed as an independent service. Contracts communicate via messages without sharing state.
End-to-end system for value transfer – Vite itself is a decentralized exchange that supports digital asset issuance, cross-chain value transmission, and inter-token transactions based on the Loopring protocol. A quota-based resource allocation mechanism allows light users to pay zero fees and gas. Users can obtain computing resources in multiple ways. Vite also supports quota leasing.

“The Vite team are dedicated to addressing current performance and scalability issues of infrastructural chains, so that truly practical applications with high-frequency data requirements can be built in a blockchain framework.”

Positives

Vite is entering a space that has been very interesting to see evolve. Combining DAG technology with decentralized applications is a combination that suits perfectly. We’ve seen how fast and scalable DAGs can be with examples such as Nano, and we’ve seen how well Decentralized Applications run on platforms such as NEO & Ethereum. Slam those two together and they solve each others problems to an extent. Vite does have some competition (Fantom) but competitors in this space all seem to be in very early stages of development. Plenty of time to get ahead of the pack.
The Team behind Vite is very impressive. Charles is a Veteran blockchain entrepreneur and technical expert. Graduated from China University of Science and Technology and the Institute of Software of the Chinese Academy of Sciences. Former senior architect of JD.com, co-founder of Coinport, and engineering director of Meituan Dianping. Ming Wu is a Seasoned scientist. Graduated from China University of Science and Technology, and Institute of Computing of the Chinese Academy of Sciences. Senior Research Manager at Microsoft Research Institute, Asia. Ph.D. advisor of China University of Science and Technology. Published 10+ high quality papers in the field of distributed systems and AI.
Investors look pretty good here. Bitmain, Starwin Captial, Node Capital, LinkVC and many more high profile investment firms are getting in on Vite. That shouldn’t sell you on Vite alone but high profile investors are usually a great sign of the confidence these firms have in a project. Vite is definitely attracting the right attention.
Vite features the Solidity++ syntax which takes DAG ledgers to a whole other level of potential. Taking the performance and scalability of a DAG and being able to develop using a language compatible with Solidity will allow developers to develop applications that are not only super fast but also extremely scalable. This is one of the strongest points Vite boasts.

Concerns

We honestly don’t have a lot of concerns for Vite. If we were being picky we could go ahead and say that the team & advisory board is a bit small considering the project but these guys are very experienced so that isn’t really valid. We could point out a few things but we can’t see anything that actually concerns us in regards to the projects viability.
Plenty of competition in this space. Decentralized application platforms are a dime a dozen at the moment and all it’s going to take for a project to steal the show is a super fast, scalable, high capacity platform that enables developers to develop the applications easily. The problem is that all of the competition are fighting over the same features with small innovations here and there. Vite definitely has the aforementioned features to boast. It’s a case of wait and see.
No other concerns here. We could point out spelling mistakes that we found but would that matter? Investors looking to participate in the Vite ICO shouldn’t be seeing any red flags here, everything checks out as far as we can tell.