1. What is Vite?Vite is a general-purpose platform for decentralized applications. It is designed to support industrial-strength applications by offering high throughput, low latency and scalability while also providing security.The Vite team are dedicated to addressing current performance and scalability issues of infrastructural chains, so that truly practical applications with high-frequency data requirements can be built in a blockchain framework.2. Where is the Vite team? How many people are there?The Vite team offices are Silicon Valley, US, and in Beijing China, with a total of over 40 full-time team members, of which over the half are developers.The engineering team are from top-tier IT companies, such as Tencent, JD, Baidu, Didi, and Meituan.3. What cryptocurrencies did Vite release? What are the differences?VITE - 1 billionVITE is the native coin on Vite public chain. VITE ERC20 tokens were issued when Vite was first founded and can now be migrated VITE native tokens at a 1:1 ratio on the Vite wallet app. Both VITE native coins and Vite ERC20 tokens have investment value and can be traded on exchanges.VX - 100 millionVX is the token related to ViteX. Users who hold VX enjoy payouts from a shared dividend pool comprised of transaction and listing fees. There will be no public nor private sale for VX. Users can only get VX through mining.VCP - 10 billionVCP stands for Vite Community Points. VCP can be earned from campaigns or activities. You can exchange VCP for physical or virtual goods in the Vite Store. Although VCP is stable in value, it has no investment value and will not be listed on exchanges.4. Which exchange(s) will VITE be listed on?Currently VITE is listed on ViteX, Bittex, Okex, and Upbit. We are also in contact with other exchanges. Stay tuned!
What is Ontology?Launched by Chinese company Onchain in 2017, Ontology is a public platform for projects of all shapes and sizes, and is a giant step toward removing barriers between the blockchain and business sector.Ontology is revolutionary in the sense that it allows businesses without previous knowledge of distributed networks to use blockchain technology. Right now, there’s no way for businesses to integrate blockchain into their infrastructure without extensive knowledge of blockchain.As well, current trust networks face a variety of issues. Poor privacy protection, untapped data value, data management monopolization, and ineffective identity authentication are all opportunities for blockchain. Ontology seems to resolve these issues with its solid trust ecosystem.Through the tools Ontology created, corporations can implement trust mechanisms and tailor them to their business needs. Essentially, its blockchain protocol opens the door for the global adoption of blockchain technology in corporations. It eliminates the learning curve and offers mass-customization.In Ontology’s words:“Ontology is a blockchain/distributed ledger network which combines a distributed identity system, distributed data exchange, distributed data collaboration, distributed procedure protocols, distributed communities, distributed attestation, and various industry-specific modules. Together this builds the infrastructure for a peer-to-peer trust network which is cross-chain, cross-system, cross-industry, cross-application, and cross-device.”Ontology and NEO are perfect partners in a hungry race to digitize our world. Take a look at the video above for a pretty good overview of the project.About the NEO/ Ontology RelationshipLast November, a crowd of blockchain enthusiasts and investors assembled in New York City. They came to hear Onchain, a company dedicated to developing blockchain systems, announce the launch of the groundbreaking platform, Ontology.“Not only did we bring the best industry minds together, but the Ontology launch brought our project to the world stage” CEO of Onchain and NEO co-founder Da Hongfei said at the event. “Ontology and NEO will build a broad ecosystem using blockchain and other new technologies to serve the real economy. ”The official website of Ontology lists Jun Li as the Founder of Ontology, and his LinkedIn lists him as the co-founder/ chief architect of Onchain.However, the crypto community has often confused the roles of projects among each other. It should be clarified that NEO does not own Onchain nor Onchain own NEO. In a Youtube interview, Da Hongfei clears up the confusion with the companies roles.“First, I need to clarify that NEO and Onchain are separate entities, so Onchain doesn’t own NEO, or NEO, Onchain. They are separately funded – NEO is funded by the community, and Onchain is funded by a very famous financial group in China, Fosun. They bought a lot of insurance companies and banks in Europe. So they are separate. Second, Onchain benefits from the NEO ecosystem. The product, called DNA, is very similar to NEO, but it is written in the Go language. OnChain is helping other blockchains and financial institutions to build their blockchains with DNA. It’s basically very similar to NEO, and in the future, with NEOx (the cross-chain protocol) everything can be linked together.” – HongfeiOntology Trust NetworkontologyChain 1: Verification of people, wealth, things, and organizations.Chain 2: Verify applications and link them togetherChain 3: Verify and link modules, protocols, SDK’s and API’s
though ang nature sa crypto very similar to gambling pero kung kung tingnan mo ang crypto .. may mga usecases sya in general, by technology, finances, etc . transfer authority and control from government at big companies to common people .. .palagay mo gamble sya?