Review on VITE by Robiul Islam

Name: VITE
Item: VITE
Rating: 4

June 27, 2019

A Next Generation High-performance Decentralized Application Platform.

It uses already known practices and advantage to improve existing technology. The list of investors and support from advisors looks quiet fascinating, therefore i believe this support will definitely help the team successfully accelerate through their roadmap goals. Overall, i feel that it has a high chance the bring impressive multipliers in the short-term mostly due to the fact that all of the capital will be raised during private and strategic rounds, therefore leaving a lot of room for unmet demand. The hype for the project is high, and many cryptocurrency YouTubers and influencers are covering Vite through their channels, mostly leaving a positive outlook on the project.
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Pros

It uses DAG architecture in order to provide fast, scalable, and secure cryptocurrency and a high-end network that support DAPPs. I seen how fast and scalable DAGs can be with examples such as Nano, and i’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.
The Team behind Vite is very fascinating. Charles is a Veteran blockchain entrepreneur and technical expert. Former senior architect of JD(dot) com, co-founder of Coinport, and engineering director of Meituan Dianping. Ming Wu is a Seasoned scientist. Senior research director at the Microsoft Research Institute, Asia PhD, Adviser of China Science and Technology University.
The roadmap is showing the significant moves in development of the platform, the release of the mainnet in Jan 2020 and ends in Feb 2020 with the plan for the ecosystem development. I feel that the roadmap is a document that can be elevated, as it is absence important fact such as how the business plan will reveal or details about the token economy.

Cons

In point of fact don’t have a lot of concerns for Vite. I could point out a few things but we can’t see anything that actually concerns us in regards to the projects viability.