### What is Vite?

Vite is a zero-fee, lightning-fast blockchain built for the decentralised economy. It employs a Directed Acyclic Graph (DAG)-based smart contract blockchain structure to provide zero-fee transactions with high speed while maintaining compatibility with the Ethereum Virtual Machine (EVM).

### How does Vite work?

Vite utilises several key technologies to operate efficiently:
- **DAG Ledger**: The DAG structure allows Vite to process transactions in parallel, which enhances scalability and speed.
- **HDPoS Consensus**: Vite uses the Hierarchical Delegated Proof of Stake (HDPoS) consensus mechanism to achieve network consensus, providing a high transaction throughput without sacrificing security.
- **Zero-Fee Transactions**: Users can lock VITE tokens to obtain network resources (Quota) for conducting transactions without gas fees.
- **Solidity++**: Vite's smart contract language, Solidity++, is an asynchronous variant compatible with EVM, enabling the development of decentralised applications.

### What are the potential use cases for Vite?

Vite's architecture supports a variety of applications across different sectors:
- **Decentralised Exchanges**: ViteX is a decentralised exchange running on Vite, offering fast and secure trading experiences.
- **Payment Solutions**: VitePay provides fast, feeless payments, currently used in Singapore's Ce La Vi Sky Bar and regional taxi services.
- **Enterprise Blockchain Solutions**: VitePlus is aimed at providing blockchain solutions for enterprises and governments.
- **Cross-Chain Transactions**: ViteBridge enables trustless asset transfer across different blockchain networks.

### What is the history of Vite?

Vite was founded in June 2018 by a team with expertise from the United States and China. The Vite Foundation received significant backing from institutional investors. The platform launched its VITE token in July 2018. Significant milestones include the development of ViteX, the launch of VitePay, and expansion into enterprise solutions with VitePlus. Vite has evolved through major updates, including the introduction of the Snapshot Chain structure and EVM-compatible smart contracts, expanding its ecosystem with various products and enhancing its market presence.

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