Review on VITE by Özgün A
Very successful project but insufficient advertising work
Vite is a project that promises high efficiency and speed for applications running on blockchain technology. This project, which has been in service for 3 years, has attracted the attention of users. In Vite, transactions are developed by smart contracts. However, these smart contracts are different from the usual. They are advanced smart contracts. With the "dag" algorithm, the efficiency of the contracts is increased. Very low cost transactions, high processing speeds and high productivity are targeted.
There are applications that work in harmony with Vite belonging to the same company, including the Vite project. These;
1) Vitepay: wallet
2) Vitex exchange
3) Vite Plus: aims to include government applications in the blockchain.
The Vite company is licensed and legally operating in many countries.
In the Vite project, each block chain becomes a bridge to the block chain to be transacted.
As a result; The Vite project is a system that serves users by making it easier to transfer data and assets between blockchains between different networks.
Pros
- It is open source and open to continuous improvement
- Instantly cross chains are established, contracts are created and transactions are executed
- Minimizes transaction restrictions of different blockchains
- There is no request for any credentials. Can be processed without being a member
Cons
- Not popular enough
