EtherLite – the Next-Gen Blockchain for the Current DeFi landscape

New Delhi [India], June 21: Starting from mid-2016, Blockchains have found close operational relevance to the field of Logistics and e-votings. Since then, many businesses have been reluctant to fully implement Blockchain at the core of the business structure and have begun testing the technology, and are conducting low-level implementation to gauge its effects on organizational efficiency. But unfortunately, major Blockchain platforms have encountered congestion and attacks, demanding better security and scalability for building DApps.

But now, ‘EtherLite Foundation has come up with a solution to the above problem by excluding the issues and getting benefited from Ethereum’s existing infrastructure, and provides a stable and sustainable blockchain ecosystem. In compliance with EU Laws, the ‘EtherLite Foundation’, is now distributing utility tokens in the form of EtherLite (ETL). ETL kick-started its launch with a massive airdrop from May 01 till May 15. Now, Initial Bonding Curve Offering (IBCO) is ongoing till June 30 and this Initial Coin Offering (ICO) will later be listed for public trading on International exchanges on July 01 this year.

Ariane Cardoso, Member, EtherLite Foundation says “As per information available on the internet, in 2019, it was estimated that around $2.9 billion were invested in blockchain technology, which represents an 89% increase from the year prior. Individual use of blockchain technology has also greatly increased since 2016. According to statistics in 2020, there were more than 40 million blockchain wallets 2020 in comparison 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.”

Talking about EtherLite (ETL), Ariane Cardoso says, “ETL guarantees to be a faster and immutable Blockchain Network as it is built on the Proof-Of-Stake consensus mechanism making it an extremely 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.”

“Furthermore, what makes ETL great is its compatibility features. It is fully compatible with EVM, DAO, and smart-contract, giving developers a full range of options to experiment with and build explicit decentralized applications. ETL’s One-Click DApp migration tool will make the ecosystem widely interoperable. It also offers options for end-users to take part in and earn passively and handsomely. ETL Staking is one such feature that will allow users to keep the ETL network stable by staking their ETL coins and earn rewards. ETL being a community-driven project and believes in giving real value to its users; ETL Wallet will serve well for those who want to hold, send or receive funds easily. It connects easily to hardware wallets and delivers a seamless experience” she adds.

She also suggests all the Ethereum (ETH) holders just keep holding and accumulating more ETH to win more ETL.

To learn more about ‘why’ EtherLite is the next best thing that will happen to blockchain technology! Kindly visit: etherlite.org

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Pallycon Adds A Powerful Anti-Piracy Solution to Trace Illegal Content Leak Sources On OTT Platforms

The anti-piracy solution tracks send red alerts and later eliminate illicit content from the pirated site.  Mumbai (Maharashtra) [India], September 7: PallyCon, a global leader in Multi DRM and content protection service provider, announced the launch of a powerful Anti-piracy solution for the OTT platforms. The solution tracks and mines illegal content leakage and sends […]

Read More
Technology

Why is Certified Blackhat organising Cybercrimes to cut down trillion dollars in losses costing every year?

August 26: In the 16th august interview with Abhishek Karmakar, Strategic Founder & CEO behind CERTIFIED BLACKHAT, stated: I love cherries, but I use worms to bait the fish, not cherries when I go fishing. The same strategy we are using, our baits are legal tools used in committing cyber attacks, and cybercriminals are the […]

Read More
Technology

GoZapX, an e-mobility startup, is creating a visionary platform by connecting EV owners to charging stations and Battery Swap Stations

EV Charging startup GoZapX is on the way to making the day-by-day drive calm, solid, and efficient for metropolitan India through its e-mobility solutions.  New Delhi, August 13: It may be range anxiety; that dread of running out of battery is each electric vehicle user’s most exceedingly awful bad dream. All in all, why not […]

Read More