Vite Coin (VITE) is an innovative cryptocurrency project designed for smart contracts. Among the prominent features of the project, it is noteworthy that it can bring together many blockchain platforms. In the Vite team’s thinking, we will see blockchain in almost every field we can think of in the future. This diversity of blockchains will create the need for networks to work harmoniously. That’s exactly what the Vite platform promises. Throughout this content, we will talk about the features of the Vite platform and what it brings to the cryptocurrency ecosystem. We will also include data about VITE coins, the crypto currency of the platform, in this content.
The Vite Coin (VITE) project is a smart contract platform that aims to provide good services to its users. This platform allows crypto lovers to freely perform fast blockchain transactions. We see that various products are offered to users within the scope of the Vite project. These services include options such as the Vite application or the Vitex exchange. While talking about what the Vite project has brought to the ecosystem, let’s first consider the platform that the team built. A smart contract platform called Directed Acyclic Graph (DAG) stands out as the innovative platform developed by the Vite team. This platform, which uses a structure called Snapshot Chain, makes it possible for its users to make free transactions. The cryptocurrency of the platform is known as VITE coins. These cryptocurrencies are used in transactions carried out in the Vite ecosystem.
Among the products offered within the scope of the Vite project, there are options called VitePay and VitePlus. VitePay enables users to make fast and high-quality payments whenever they want. Thanks to this service, which benefits from the innovations of the Vite team, everyone has the opportunity to make payments as they wish. The most striking feature of this service is that it offers free transactions. VitePlus service, on the other hand, is a system developed for large-scale organizations. Large companies and even governments can access the blockchain solutions they need by using this service.
When Was Vite Coin (VITE) Launched?
The Vite coin (VITE) project started its activities in 2018. Believing that all blockchains in the world can be brought together, the team accelerated its work. The result was the Vite platform we know today. By using this platform, users can access the service they need. We see that the Vite mainnet started operations in 2019. The network, which has been developing since then, hosts a large number of node supporters. There is information on the web page that users can operate as a node in the Vite network after simple transactions. According to the technical specifications of the Vite network, it is possible to be a full node and work as a Snapshot block producer. It is possible to reach the information that about 30 million VITE coins are mined every year from the introductory documents of the project.
How Does Vite Coin (VITE) Work?
Vite Coin (VITE) platform, which has a structure called Direct Acyclic Graph (DAG), directly targets smart contracts. Vite, which also hosts another structure called Snapshot Chain in its ecosystem, offers quality crypto money services to its users. Transactions offered by Vite are claimed to be low-fee, high-speed, reliable and durable. In addition, the platform can continue its activities thanks to a consensus mechanism called delegated proof of stake. Accordingly, nodes in the network only earn income from staking transactions. Since network nodes do not charge for transactions, users can enjoy low-cost transactions. The Vite virtual machine uses a smart contract language with asynchronous features. This language is called Solidity++. VITE coins are used as the platform’s cryptocurrency.
The consensus algorithm used by the VITE platform allows users to stake this cryptocurrency. In addition, VITE coins are also used in voting in the ecosystem. VITE owners can have a say in the future of the network by participating in these votes. Accordingly, it can be said that the VITE ecosystem has a structure managed by its own community. We can say that this is a feature that keeps up with the basic philosophy of cryptocurrencies. Continuing on its path under the leadership of Blockchain, cryptos also aimed to give financial freedom to their users. Networks managed by its community mean that freedom comes a little closer each time. The platform’s cryptocurrency, VITE coins, was delivered to its users for the first time in a secret sale event.
Vite Coin (VITE) Price
The price of VITE coins, the cryptocurrency of the Vite Coin (VITE) platform, hovers around $0.14, according to the data received at the time this content was prepared. According to the same data, the number of VITE coins in circulation is around 493 million. VITE coin has recorded a maximum price of $0.33 so far. As of November 2021, the lowest price seen by VITE in the past year is $0.016. The daily trading volume values reached by VITE coin, which is traded on giant exchanges such as Binance, do not go unnoticed.
Where to Buy Vite Coin (VITE)?
VITE, the cryptocurrency of the Vite Coin platform, can be obtained in multiple ways. We can say that the most well-known way to buy a cryptocurrency is to use exchanges. Exchanges that gain the trust of users are more preferred than other methods. Of course, users need to be careful when deciding which platform to use. VITE coins are on many exchanges, especially Binance. Other platforms that enable VITE trading include Bittrex, WazirX, OKex, PancakeSwap or Sushiswap. Binance has created trading pairs for VITE coins with cryptocurrencies such as BTC and USDT. Accordingly, users can own VITE through these two cryptocurrencies on Binance.
