What is Etherlite (ETL) | What is Etherlite token | What is ETL token

What is Etherlite (ETL) | What is Etherlite token | What is ETL token

EtherLite is a blockchain platform built for efficiency. Leveraging our Proof-of-Stake mechanism, we provide you with an extremely fast, secure and low fee environment to transact on. ETL is EtherLite’s network native token. It is used to run the network starting with the adopted Proof of Stake consensus mechanism whereby staking ETL is necessary for one to become a public validator node. In addition, ETL is used for network governance and payment of fees. participate in Pre-ICO & be a part of EtherLite. What is Etherlite (ETL) | What is Etherlite token | What is ETL token

In this article, we'll discuss information about the Etherlite project and ETL token

EtherLite is a blockchain platform built for efficiency. Leveraging our Proof-of-Stake mechanism, we provide you with an extremely fast, secure and low fee environment to transact on.

ETL is EtherLite’s network native token. It is used to run the network starting with the adopted Proof of Stake consensus mechanism whereby staking ETL is necessary for one to become a public validator node. In addition, ETL is used for network governance and payment of fees. participate in Pre-ICO & be a part of EtherLite.

Why EtherLite

FAST | RELIABLE | SCALABLE

EtherLite is a blockchain platform built for efficiency. Leveraging our Proof-of-Stake mechanism, we provide you with an extremely fast, secure and low fee environment to transact on.

Fast transaction finality

At EtherLite transactions become instantly irreversible. There is no need to wait tens of minutes for confirmations. Fast block times ~5s and 10,000+ TPS.

Modular internal structure

EtherLite’s modular internal architecture is flexible, easily customizable and less error prone.

Security

EtherLite runs on a trustless Proof-of-stake network where validators are themselves stakers.

Compatible with Ethereum

EtherLite is fully compatible with the EVM meaning that any existing Ethereum smart contract and tooling can be used at EtherLite.

Developer friendly

Build on EtherLite

As EtherLite is fully compatible with the Ethereum Virtual Machine (EVM), developers can port their existing Ethereum-based dApps in a matter of minutes, substantially upgrading the performance and lowering the costs. EtherLite functions in the same way Ethereum does so smart contracts play the same role here, any developer familiar with Ethereum can use EtherLite without (almost any) additional skills required. At EtherLite, Solidity is the programming language used to build smart contracts. Start building on EtherLite using Solidity and the tools you are already familiar with: Remix, Truffle and Metamask.

Interoperability

A bidirectional bridge allowing movement of tokens, state, logic and workload between Ethereum and EtherLite.

High throughput

EtherLite’s high-throughput, fast finality, and low fees make the platform very cost-effective.

Open source

EtherLite code is open source and therefore anyone can read it, check its progress, give us feedback and help us to build the network further.

High security

EtherLite’s system of validator nodes create a secure and trustless network all over the globe.

EtherLite — A Pure Proof-of-stake HardFork of Ethereum Scheduled for 1May 2021

Cryptocurrencies have seen multiple hard and soft forks over the years, most due to differing ideologies. Some forks were made out of fun while some really changed the dynamics of the original chain and made a name out there for themselves.

In the case of Ethereum, a hard fork answering the current problems has become a need of the hour. Extremely high network fees, slow transactions, and clogging network has made DApp makers run for their money. A solution to this problem is long due as these situations were faced in the past and being faced in the present as well.

An Ethereum hard fork providing solutions to the above mentioned issues will be like a blessing. As they can benefit the existing goodies of Ethereum while eliminating the problems they are facing. That’s what EtherLite aims to do with their upcoming hard fork. Solve current issues of Ethereum and provide a stable and sustainable blockchain ecosystem.

The latest hard fork of Ethereum scheduled on 1st May 2021 is worth looking out for. Because EtherLite, the forked currency, will be a pure Proof-of-Stake version. Something that Ethereum had been working on for a few years, and may still take a couple of years to see the light of the day.

This may be a good opportunity for Ethereum holders to claim free ETL (EtherLite) coins by simply holding their Ethereum in their personal wallet like MetaMask. Just like all other forks, users will get equal amounts of ETL as ETH they have in their wallets.

For users storing their ETH on the exchange, it may be up to the exchange whether to support the fork or not. If you are someone who wants to have ETL, you are better off having your Ethereum in MetaMask or any other wallet where you control your private keys.

Some other unique features of ETL are that it will have much faster transactions and a lot cheaper compared to Ethereum. Being a pure Proof-of-Stake version, network clogging might be a thing of the fast. While it will still support all the existing smart contracts and Web3. So DApp developers have the option to move to the ETL chain.

Prime focus of the ETL team is to fix the existing issues of ETH like very high network fees and clogging issues. The team has worked over it in the fast few months to make sure transaction fees stay low and stable, while the network operates flawlessly, regardless of the DApps it hosts.

Here is the time map for EtherLite events:

HardFork: 1st May

AirDrop: 1st-15th May

*IBCO/IEO: *15th May to 30th June

Trading starts from 1st July.

The hard fork on 1st May is a great opportunity for users and investors, because the PoS version of Ethereum is at least a year away. This leaves a wide market for ETL, and AirDrop will facilitate capturing some of that market.

Etherlite is giving ETL tokens to every ETH wallet holder; Biggest Airdrop Ever

We are just moments away from launching the Largest Ethereum Fork AirDrop Ever.

Yes, you heard it right. This Ethereum HardFork will be unlike anything you’ve ever seen, because this time all you ETH hodl’ers stand a chance to win free ETL Tokens, the native token of EtherLite.

EtherLite is a pure POS based blockchain network, surfacing to create a space where all the major DApps can be bought over under one roof and dealt with in a cost-effective manner, expanding the base of blockchain development and usage in the community.

EtherLite is committed to rebuild the whole ecosystem of blockchain development with a launch on 1st of May and that too with a bang.

Taking this community-building thought ahead, let’s talk more about the Airdrop and how you can avail it.

The process is quite simple. First you all, you need all your ETH under a safe non-custodial wallet. Then you need to head-on to  etherlite.org wherein you can check the balance here and use your ETL tokens.

The main thing to notice here is, you have to keep your ETH in the wallet only and only for block no 12345678. Once the AirDrop gets over, you can utilize your ETH however you want. Just remember not to lose the private keys of your wallet before you claim your free Airdrop.

Why this AirDrop is special?

  • No form
  • No whitelist
  • No hassle

Mark these dates for and experience a seamless AirDrop experience.

  • 1st May (block 12345678): Hold your ETH in you wallets till this date.
  • 1st May — 15th May: Approx 175 M wallet balance will be synced to ETL blockchain.
  • 15th May :

1. Check your ETL Airdrop balance on etherlite.org

2. ICO/IBCO Starts

***Please Note: 15th May — 30th June ( AirDrop ETLs will be locked during this period )

  • 1st July: ETL balance ready to be claimed in wallet for transfer and trading.

So, while you finish reading this and start procrastinating, we recommend you head over to  etherlite.org right now and register yourself not only to avail this massive AirDrop but to join this journey of a coherent blockchain revolution with  EtherLite.

Media Coverage

Press Releases:

🔥EtherLite on Yahoo Finance⬇️

https://finance.yahoo.com/news/etherlite-pure-proof-stake-hardfork-150000775.html

🔥EtherLite on Bitcoinist.com⬇️

https://twitter.com/bitcoinist/status/1381953431972159497

🔥EtherLite on NewsBTC⬇️

https://mobile.twitter.com/newsbtc/status/1381866245381877763?s=21

🔥EtherLite on The Bitcoin Street Journal.⬇️

https://twitter.com/BTCstJournal/status/1379119514755940356

How and Where to Buy Etherlite (ETL)?

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase ETL from the website: https://etherlite.org/home

The top exchange for trading in ETL token is currently ..........

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ETL gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com  ☞ https://www.bittrex.com  ☞ https://www.poloniex.com  ☞ https://www.bitfinex.com  ☞ https://www.huobi.com

Find more information ETL

WebsiteSocial ChannelSocial Channel 2Message Board

🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you're a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

blockchain bitcoin etl etherlite

What is Geek Coin

What is GeekCash, Geek Token

Best Visual Studio Code Themes of 2021

Bootstrap 5 Tutorial - Bootstrap 5 Crash Course for Beginners

Nest.JS Tutorial for Beginners

Hello Vue 3: A First Look at Vue 3 and the Composition API

Adding Messages On The Bitcoin Blockchain - A How-To Guide

Can I write on a Bitcoin Blockchain? Can I drop down a message? Yes, Luca of course you can! You can leave a message on a Bitcoin blockchain using a particular op code, called OP_RETURN.

What is Etherlite (ETL) | What is Etherlite token | What is ETL token

Etherlite (ETL) is a blockchain platform built for efficiency; it provides a fast, secure and cheaper environment for building decentralized applications. It is fully compatible with Ethereum's tooling and Web3 technology stack and it runs on a PoS consensus algorithm. In this article, we'll discuss What is Etherlite (ETL) | What is Etherlite token | What is ETL token?

Blockchain Certification | Blockchain Training Course | Blockchain Council

In all the market sectors, Blockchain technology has contributed to the redesign. The improvements that were once impossible have been pushed forward. Blockchain is one of the leading innovations with the ability to influence the various sectors...

What Is The Difference Between Blockchain And Bitcoin?

Our Blockchain Online Training will provide you to learn about Blockchain technology aspects with realty. Our Blockchain Course also includes live sessions, live Projects

Most EXPLOSIVE Bitcoin Opportunity 2021 (In Depth Bitcoin Mining Analysis). (HOT NEWS!!)

In this video tutorial, we'll learn Most EXPLOSIVE Bitcoin Opportunity 2021 (In Depth Bitcoin Mining Analysis). What's special about it? Why are so many people looking forward to it? DO NOT MISS!!!