BlockchainBrad conducts a detailed interview with Richard Yan into VITE: A Next Generation High-performance Decentralized Application Platform. Why? Think DAG Ledger + SMART CONTRACTS. The reactive contracts. Think about real world ties to Wall Street smarts and a plan to meld Finance and Distributed Technology.
Transactions in Vite are grouped by accounts. That is, each transaction only changes the state of one single account. Send transactions are separated from receive transactions, thereby obviating the need to wait for a transfer to be complete before the initiation of another transaction. The hierarchical design of the consensus algorithm allows horizontal scalability in consensus groups.
Vite splits transactions into transaction pairs according to a “request-response” pattern. The writing and verification of transactions are asynchronously decoupled, thereby supporting ultra-high throughput. Inter-contract communications are based on an asynchronous messaging model.
With an event-driven architecture, every smart contract is viewed as an independent service. Contracts communicate via messages without sharing state.
Solidity++’s syntax is compatible with most of that of Solidity. The new syntax supports asynchronous semantics, contract scheduling, and provides a series of standard libraries, such as string manipulation, floating-point operations, basic mathematical operations, containers, sorting, and so on.