We are excited to announce that Vite Labs and Harmony are deepening our partnership to bring cross-chain solutions to a whole new level!
Since the inception of our partnership with Harmony, both of our communities have seen tremendous growth. We are both dedicated to developing cross-chain solutions and fostering collaboration among different block chains. With a shared vision, it is a natural progression for us two projects to continue down the path we have started.
This partnership update will include:
- Temporary increase in market-making as mining rewards of ONE pairs to 10X on ViteX. This means resting orders sufficiently close to the bid/offer for ONE pairs will receive more amounts of VX.
- Cross-chain bridge building between Vite and Harmony. To build the ViteBridge to Harmony, Vite Labs will create a team-assisted bounty put forth by the Vite Developer Committee. ViteBridge is a smart contract deployed on Vite chain. This ViteBridge to Harmony will implement a non-custodial wallet that can create and sign transactions on the Harmony chain.
About Harmony
Harmony is a fast and secure blockchain with key innovations in state sharding and peer-to-peer networking. Its sharding uses proof-of-stake and decentralized randomness, and its networking achieves optimal cross-shard routing and fast block propagation.
About Vite Labs and ViteX
Vite is a feeless, high-performance public chain and the world’s first DAG-based smart contract platform, well suited for commercial dApps with performance rivaling their centralized counterparts. Vite’s capabilities are made possible by its unique asynchronous architecture, hierarchical consensus, and snapshot chain. Vite has a steady record of deploying practical applications on its platform, with products including a decentralized exchange, a public-financing dApp for the American City of Syracuse, multiple game dApps, and micropayment platforms.
ViteX is a decentralized exchange built on the Vite public chain. It is an open exchange run by the community, with its income passed through to the community. ViteX has a platform token VX, VX holders enjoy the right of receiving daily dividends of transaction fees and other revenue of ViteX exchange.
Learn more about Vite’s Cross-Chain solution here.
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