Vite Monthly report Feb 1st to 28th, 2023

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Vite Labs

3 min readMar 6, 2023

Vite Monthly report Feb 1st to 28th, 2023

Since our decision to transform ViteX into a decentralized autonomous organization (DAO), we have made significant strides in establishing a more community-driven platform and ecosystem. Transparency and open communication are essential to the success of any DAO, so we are committed to keeping the Vite community informed of activities and progress.

We would like to thank all VITE and VX holders for their continued support and participation. Please see this article for details on ViteX DAO, as well as the vision of Vite Labs to become more decentralized, keeping with web3 values of sovereignty and consensus:

Project Updates:

1. Successful Eighth MainNet Upgrade:

The eighth Vite MainNet upgrade is successful. This upgrade is mainly for the ViteX token (VX).

Details are as follows:

Block height: 116,480,000

Estimated upgrade time: Feb 28, 2023, at 10:00 AM (UTC+8)

Go-vite version: V2.13.0

Github: https://github.com/vitelabs/go-vite/releases/tag/v2.13.0

Full announcement: https://medium.com/vitelabs/the-8th-vite-mainnet-upgrade-95e173713ce1

2. Binance announces support for VITE network upgrade:

Full announcement: https://www.binance.com/en/support/announcement/binance-will-support-the-vite-vite-network-upgrade-acde82ff8e81431a978ae14538fb10d4

3. From the archive

i) Earning SBP rewards:

As part of our continued effort to create a distributed and varied node runner system, we published a blog targeting users who are interested in running a node and outlining the benefits of running a node.

Full guide: https://medium.com/vitelabs/earning-snapshot-block-producer-sbp-rewards-576557e9d8bd

Current Snapshot Block Producer (SBP) list:

https://vitescan.io/sbps

ii) Simple and intuitive handbook on

a) writing a smart contract in Solidity++ (with the examples explained)

b) deploy the smart contract on ViteNetwork

Full guide: https://medium.com/vitelabs/smart-contracts-in-solidity-f245259093eb

4. Zero gas fees:

Continuing to highlight Vite’s value proposition for mass adoption and scalable use cases.

5. Back to basics:

Targeting new players, projects, and developers, we published a blog post on the basics of VITE as a token and Vite as a network.

Full blog: https://medium.com/vitelabs/the-basics-of-vite-and-vite-d67c69b45a23

6. Full nodes data:

Currently, 641 full nodes are active, with 120,115.2642 VITE rewarded to node runners. The total VITE staked by full nodes is currently at 7,231,873 VITE.