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Vite is a next-gen Reactive Blockchain with an asynchronous architecture and a DAG-based ledger, tailored for industrial dApps. Created by Yuxi (Evan) You, the mind behind Vue.js, Vite emphasizes high throughput and scalability. The $VITE token dictates a user's computing and storage resources, with larger holdings allowing greater transaction quotas. Tokens can be leased for profit, and holders can vote on electing proxy nodes in snapshot consensus groups. In certain cases, tokens are "burned" to reduce liquidity. Vite fosters an environment conducive to dApps, asset issuance, and token exchanges, with plans for enhanced dApp development tools.
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