What problem does this service solve?

BitNew Chain aims to make it easier to develop large scale DApps that can be used with a variety of hardware. They also claim that it will enable cross-chain communication and token exchanges.VITE's goal is to make it easier for developers to issue tokens and create DApps.

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Company Description

BitNew Chain is building a development platform for commercial DApps. BitNew Chain aims to make it easier to develop large scale DApps that can be used with hardware. It will be based on a two-tier decentralized blockchain network with standard physical masternodes, resource segregation, a decentralized computing subsystem(BTN-DC), and decentralized storage subsystem(BTN-FS). Consensus will be achieved through a hybrid mining process that will combine Proof-of-Stake (PoS) with Proof of Masternode. The network is powered by the BTN coin.

VITE is building a DApp development platform that will allow developers to issue their own tokens that can then be traded on their built-in decentralized exchange. The VITE network is currently powered by the Ethereum-based VITE token.

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