EtherLite: The Upcoming Blockchain for the Current DeFi Landscape

EtherLite Foundation is now distributing beneficial tokens in consent with EU Laws



Blockchains have become relevant in the field of logistics and e-voting since 2016. Since then, many businesses have been unwilling to implement Blockchain as part of their business structure. But now, businesses have begun to test this technology and are also managing low-level implementations to measure its consequences on organizational productivity. Unfortunately, the utmost blockchain platforms have witnessed blockages and attacks. This situation demands better security and flexibility for building DApps. 

In such circumstances comes the savior, the EtherLite Foundation who came up with a solution using Ethereum’s existing base. The foundation provides a stable and sustainable blockchain ecosystem. EtherLite Foundation is now issuing beneficial tokens in the form of EtherLite (ETL) in consent with EU laws. 

ETL launched with an enormous delivery from May 1st to May 15th. The Initial Bonding Curve Offering (IBCO) is going on now until June 30th and will also be listed for public trading on International exchanges from July 1st. 

A member of EtherLite Foundation, Ariane Cardosa said, “As per information available on the internet, in 2019, an estimated $2.9 billion was invested in blockchain technology. This represents an 89% increase from the previous year. Individual use of blockchain technology has also increased since 2016. According to statistics, there were more than 40 million blockchain wallets in 2020 compared to around 10 million blockchain wallets in 2016. 

Additionally, a premier global market intelligence firm has also estimated that corporate investment into blockchain technology will reach $ 12.4 billion by 2022. Furthermore, blockchain technology has the potential to generate an annual business value of more than $ 3 trillion by 2030”. 

Ariane Cardosa talking about EtherLite (ETL) says, “ETL guarantees to be a faster and immutable Blockchain network as it is built on the Proof-Of-State consensus mechanism, making it a fast processing Blockchain network at much lower costs. It is extremely scalable, churning fast block times ~5S AND 10,000+ TPS and supports technologies like WEB3 that gives it a high-throughput rate”. 

The unique aspect of ETL is its compatibility feature, which can go with EVM, DAO, and smart-contract. These features give developers many options to experiment and to build clear and decentralized applications. 

The One-Click DApp, which is a migration tool of ETL can make the ecosystem popularly compatible. This provides an opportunity for end-users to earn generously. The ETL Staking is another feature that allows users to retain the ETL network firm by staking their ETL coins and rewards. ETL Wallet helps people to send and receive funds effortlessly. It can also connect easily to hardware wallets and can deliver a seamless experience. Ariane suggests all Ethereum(ETH) possessors to keep accumulating more ETH to win ETL rewards. 


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