VITECOIN

simplicity, comfort and safety of taxi transportation

Regards.
In this article I want to tell you about the vitecoin project

What is Vite? Vite is a high-performance, decentralized next generation application platform [1]. Vite is based on Directed Acrylic Graph (DAG). "DAG will be used for applications that require scalability in thousands of transactions per second. The launch of CryptoKitties hammers Ethereum network, which causes slow transactions and high rates. Ethereum has a solution for this, which is called sharding, but it is 5 years. Immediate application, I think , will appeal to the DAG for scaling. "[2]

What is a DAG?

First let's specify Blockchain. Blockchain is a decentralized public book. DAG is also a decentralized distributed register. DAG does the same thing that creates a blocker. The goal of DAG is the same as blockchain, namely E. Maintaining decentralized online transaction records, but DAG achieves the same goal by using various technologies. Both DAG and Blockchain are different technologies that try to achieve the same goals. There is absolutely no connection between the two technologies that hinders the goals they want to achieve, namely scalable decentralized books.

What is asynchronous DAG?

All DAGs are out of sync.
Why is asynchronous DAG important for blockchain technology?

Asynchronous DAG technology is important and superior for blockchain technology, because it can reach more than 100 thousand transactions per second, which is far more than just a blockblade at this time.

The difference between synchronous and asynchronous?
When you do something simultaneously, you wait for it to finish before moving on to another task.
When you do something asynchronously, you can go to another task before it's finished.

What does this mean for Blockchain?

On blockchain, new transactions are processed only after confirming the previous transaction. For example. All transactions in bitcoin are first placed in Mempool, and then the miners choose a transaction from there and examine it. Miners choose new transactions only after checking previous transactions. This is what simultaneously means that miners move to the next task after completion of the previous task (the task here means transaction processing), but in asynchronous DAG technology, all transactions are processed simultaneously even before the previous transaction is confirmed or not. This is what asynchronously means that the validator goes to another task before the completion of the previous task (the task here means processing the transaction).

What does this mean for Blockchain?

ICO VITE Overview of
bitcoinstartrek (34) periodically • last month

ICO Vite Review
by Zebra Crossing
What is Vite? Vite is a high-performance, decentralized next generation application platform [1]. Vite is based on Directed Acrylic Graph (DAG). "DAG will be used for applications that require scalability in thousands of transactions per second. The launch of CryptoKitties hammers Ethereum network, which causes slow transactions and high rates. Ethereum has a solution for this, which is called sharding, but it is 5 years. Immediate application, I think , will appeal to the DAG for scaling. "[2]

What is a DAG?

What is asynchronous DAG?

All DAGs are out of sync.

Why is asynchronous DAG important for blockchain technology?

The difference between synchronous and asynchronous?

When you do something simultaneously, you wait for it to finish before moving on to another task.
When you do something asynchronously, you can go to another task before it's finished.

What does this mean for Blockchain?

What is special about VITE?

Vite uses the Dattice DAG Block in the same way as Nano, but there are several security holes in the DAG Block Lattice. They will create a snapshot chain to correct security problems with Nano DAG. And you can make smart contracts on VITE with Solidity ++ (which is compatible with Solidity). In Solidity and Solidity ++ there is no big difference, so the Ethereum application is compatible with VITE. Vite competitor is Fantom (DAG + Smart contract platform). But Fantom uses Scala language for smart contracts, so Ethereum Dapps doesn't suit Fantom.
In short, VITE uses Nano DAG technology and adds smart contracts to it, and uses intelligent Solidity ++, which is compatible with Solidity.