Vite is a smart-contract platform built on a Directed Acyclic Graph (DAG) with a Snapshot Chain structure. It enables zero-fee transactions and optimizes transaction speed, reliability, and security. Vite utilizes Hierarchical Delegated Proof of Stake (HDPoS) for network consensus, with supernodes receiving staking rewards instead of transaction fees. The Vite virtual machine is compatible with EVM and uses Solidity++ as its asynchronous smart contract language.

The VITE token is the currency for simple token transactions and smart-contract executions on the Vite network. Users stake VITE for transaction quota instead of consuming gas. VITE can also be used for voting for Snapshot Block Producers (supernodes) and leasing unused transaction quota to dApps in exchange for their tokens. For example, users can stake VITE in exchange for VX, the native decentralized exchange token of ViteX.

Vite's current products include ViteX (a decentralized exchange), Vite App (a multi-purpose wallet application), VitePay (a fast and feeless payment solution), and VitePlus (a government/enterprise blockchain solution). ViteX is a decentralized exchange with an on-chain orderbook and matching engine, supporting 20+ digital assets. Vite App allows trading on ViteX, asset management, and dapps in one place. VitePay enables zero-fee payments and is integrated with various platforms. VitePlus is a Vite-based enterprise blockchain solution for governments and enterprises, with a pilot app called SyraCoin developed for the Syracuse government.

You can purchase VITE on major exchanges like Binance, OKEx, and Bittrex. To 'mine' VITE, you can run a Snapshot Block Producer (supernode) on the Vite network and receive block rewards from the annual inflation of 30 million VITE coins. Alternatively, you can run a full node and receive VITE rewards from the Vite foundation.