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. The hierarchical design of the consensus algorithm allows horizontal scalability in consensus groups.
Vite splits transactions into transaction pairs according to a "request-response" pattern. The writing and verification of transactions are asynchronously decoupled, thereby supporting ultra-high throughput. Inter-contract communications are based on an asynchronous messaging model.
With an event-driven architecture, every smart contract is viewed as an independent service. Contracts communicate via messages without sharing state.
Solidity++’s syntax is compatible with most of that of Solidity. The new syntax supports asynchronous semantics, contract scheduling, and provides a series of standard libraries, such as string manipulation, floating-point operations, basic mathematical operations, containers, sorting, and so on.
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 client features an engine for creating HTML5-based decentralized mini programs. This engine simplifies the process of dApp development and deployment.
Beginning of Vite Core's R&D
Veteran blockchain entrepreneur and technical expert. Standing director of China Blockchain Application Research Center. 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. Abundant experience in distributed systems and high concurrency systems.
Senior blockchain practitioner, investor. LinkVC Capital Partners, former CMO of F2pool , former business officer of Huobi.
Mirza was previously a venture capitalist at Two Sigma, one of the largest quantitative hedge funds, where he was heavily involved in researching Blockchain startups. He also previously worked for Index Ventures and The Boston Consulting Group. Mirza earned his BA from Harvard University.