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Vite Aims To Become a Universal Dapp Platform

Sead Fadilpašić
Last updated: | 1 min read

In our Quick reviews series we introduce interesting initial coin offering projects that might inspire you to do your own research and decide whether an idea and its development is worth your investment. It’s not an endorsement.

Source: iStock/adrian825

Today we are looking at Vite.

What problem(s) does it target?
Vite aims to become a universal dapp (decentralized app) platform that can support a set of smart contracts.
As a platform for industrial applications, it targets four major problems existing platforms are currently facing: throughput, latency, scalability and security.

Who the team members are?
Vite’s core team and advisors comprises of seven people, with “strong connections” to Microsoft, Google, Goldman Sachs, Huobi and The team is made of mostly entrepreneurs, businessmen and investors. No developers mentioned in the core team.

At what stage the project is?
In June this year, the team started working on Vite Core’s research and development, a phase in the project that is planned for the next two months. The whitepaper was published in April, while the official website was released a month later, in May.

What the main future milestones in their roadmap are?
Vite Core alpha is planned for October 2018, blockchain browser for December 2018, and the desktop client for January 2019. Other notable milestones include the launch of the Vite Testnet in November 2019, and the release of Vite 1.0 in January 2020.

Fundraising status:
The team has raised a total of 28 million USD at the time of writing, with the token sale ending in mid-August.

Most important partnerships?
There is a long list of partners and investors on the Vite website. A few notable names include Bitmain, Node Capital, Genesis, Byzantine Partners and BN Capital.

How large their community is?
Its Twitter following counts 8,300 people. Also, it has a total of seven Telegram channels, including the announcement channel, English channel, Russian, Chinese, Vietnamese, Korean and Thai. In total, these channels count more than 160,000 people. Its Chinese channel is the single largest one, with 98,000 people.

What other similar projects are?
ChainZilla, Kirik