EtherLite (ETL) is a pure proof of stake blockchain, a fork of Ethereum, with high throughput, low latency and an optimized ecosystem. ETL is built on the Ethereum codebase and uses the latest Ethereum updates to provide faster block times and better smart contract support.
ETL is a new blockchain technology that can be used to create decentralized applications and smart contracts. It is an open-source project and the first-ever pure proof of stake, which means there is no mining involved in this project. That means that the ETL blockchain will have faster transaction times and cheaper transaction fees than traditional proof of work blockchains.
EtherLite
EtherLite (ETL) is a new cryptocurrency and blockchain project created to address the fundamental problems of Ethereum. ETL uses a pure proof of stake Consensus mechanism, which means no need for an expensive mining process and equipment.
EtherLite solves the problem of mining centralization and provides security to the network by incentivizing staked balances. The blockchain is secured by its proof-of-stake mechanism, which prevents attacks from malicious external actors.
Because ETL is not a token built on top of another blockchain, it is highly scalable, with smart contracts running faster than proof of work networks. That makes it possible for EtherLite to process 10,000 transactions per second.
Earn rewards by staking tokens in PoS
Tokens can be used to provide a stake for the blockchain, which provides proof of validation for transactions made on the network, ensuring that transactions cannot be altered once validated.
Participate in the network
The network is decentralized, and anyone can participate in it by simply joining a pool and start earning rewards! Creating your own pool is also possible and allows you to have a bigger share of rewards without having to share them with anyone else.
Elite Cash (ELC) Token - Powered by The EtherLite Blockchain
Elite Cash ($ELC) is a proof-of-stake (PoS) cryptocurrency token created on the Binance Smart Chain (BEP-20) and EtherLite (ETL) blockchain with the first of its kind cross-chain swap functionality.
The EliteCash project features game-changing products, services, and features that include PoS staking and green mining, giving users a competitive edge by acquiring some of the highest APYs in the crypto domain.
Elite Cash is on a mission to be The Biggest POS Projectbiggest PoS project in the crypto kingdom with some innovative products and features. The DeFi and crypto payment trend has picked up pace, and Elite Cash shows that the surge of innovation is destined to increase in other sectors as well.