Vite Bi-weekly Report
By: Vite Editor
Tags: Vitex, Project Updates, Crypto, Bitcoin, Vite

Project Updates

Vite App

A major Vite App update, v3.8, is under development and will be released soon. The new release will have a significant user experience improvement close to centralized exchanges.

Vite App v3.8 will have the following new features and enhancements

Improve the layout of asset page. Replace “My Account” with “Exchange Asset”, which is sub-categorized into “Wallet Account” and “Trading Account” to facilitate users to check asset portfolio;

Move the “Account” page to the upper left corner of the app;

Separate “Wallet” and “Exchange” to avoid confusion. In the previous version, users can view “Wallet Asset” and “Exchange Asset” on the homepage, and switch through in a secondary tab opened. The new version will only display “Wallet Asset” on the homepage and “Exchange Asset” will not show up anymore;

Enhance connection performance. Improve the data loading speed on slow internet.

Desktop wallet

New Vite desktop wallet version 1.4.2 was released, with security optimizations.

Compared to the web wallet, the desktop wallet has more strict security settings and is recommended for use.

Installation link: https://github.com/vitelabs/vite-wallet/releases

ViteX Exchange

New features and enhancements

Hummingbot (https://github.com/CoinAlpha/hummingbot — Connect to preview ) integration. After the integration is complete, you can run a trading robot through Hummingbot for strategic trading or liquidity mining on ViteX.

Network Optimization

Recently, we have carried out an important network upgrade to Vite’s websites and API services under vite.net and vitex.net, to improve connection performance and prevent large-scale DDoS attacks. The optimization includes:

Optimized network routing and improved the access speed from major countries in the world;

Deployed CDN services to improve the loading speed of static resources;

Enabled caching to reduce API latency and prevent from DDoS attack;

Added firewall rules against DDoS attack.

Recent Milestones

ViteX Launching One-Year Anniversary Dual Campaign

In celebration of mining on ViteX reaching its first-year anniversary, we launched two mining-related campaigns on Sep 9. Users will receive 10X mining rewards during the event and have a chance to get a free ViteX referral code.

As of Sep 9, total amount of mining exceeds 10 million VX, and users have received proceeds of 96 BTC, or roughly 1 Million USD.

Read more: https://medium.com/vitelabs/vitex-launching-one-year-anniversary-dual-campaign-aa4956b5d77f

Vite Techie Club

To expand our global tech community, we have launched a “Call For Vite Techies” campaign. We humbly call for community developers to work with the Vite dev team and participate in all aspects of development in the Vite ecosystem, including the Vite public chain, wallets, ViteX exchange, SDKs, tools, and more.

We are absolutely delighted to welcome the 20 developers from our global community that have joined the Vite Techie Club so far.

Vite Techie Forum will be held regularly online for everyone interested in Vite tech. The Opening Forum, discussing the decentralization of ViteX gateways, will live on Sep 22. Let’s create something cool!

Read more: https://medium.com/vitelabs/call-for-vite-techies-c64201090a9c

Vite Tech Series

On Sep 9, we published another educational material of ViteX tech explorations, also the 9th article of our Tech Series, that focused on the execution process and interactions of ViteX smart contracts and the user.

Read more: https://medium.com/vitelabs/tech-series-9-five-charts-to-understand-how-vitex-works-61541a1364d7

ViteX Exchange

ViteX Launched Minable, Feeless Stablecoin Conversion

Starting Sep 3, users can trade USDC/USDT, DAI/USDT, BUSD/USDT pairs with 0 trading fees, mining eligible.

ViteX Listing Arweave (AR)

On Sep 9, ViteX Operator Vite Labs listed Arweave(AR) and opened trading pair AR/USDT, market-making as mining eligible.

Arweave is a new type of storage that backs data with sustainable and perpetual endowments, allowing users and developers to store data, preserve valuable information, apps, and history indefinitely.

Data on ViteX

As of Sep 14, 23,091,653 VITE have been burned through ViteX, accounting for 2.23% of total issuance.

119,910,727 VITE are staked on ViteX, accounting for 11.99% of total issuance.

11,183,727 VX have been mined, of which 9,405,218 VX (about 84.09%) are being staked for dividends.

To-date, 101.2 BTC worth of dividends has been distributed. The pool of undistributed dividends stands at 31.6 BTC.

Activities

On September 9, Vite CPO Blackey Hou held a live video AMA with the Chinese community, where he discussed the one-year anniversary of the launch of mining on ViteX.

You may watch the replay here: https://www.yizhibo.com/l/viJfuCApPOf4Xts2.html

COO Richard ran a new AMA for the international community. Main questions answered include: the types of coins suitable for listing on ViteX, proposals regarding VITE un-staking, how ViteX can maintain its advantages, and comparison of ViteX against other DeFi projects.

You may read the AMA summary here: https://forum.vite.net/topic/4173/vite-labs-leadership-ama-sep-10-2020-review

COO Richard’s show ”The Blockchain Debate Podcast“ has published 15 episodes since it was started at the end of 2019. Topics include digital gold attribute of cryptos, practical use cases of smart contracts, usability of enterprise blockchains, sustainability of liquidity mining, and so on. This show is a way for the Vite team to build relationships with other thought leaders in the space.

Some topics being planned include central bank digital currencies, central bank policies such as Modern Monetary Theory, and legitimacy of stablecoins. Recommendations of topics from the community are welcome.