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An Introduction to EtherLite Blockchain
The drastic increase in the value of Bitcoin has placed every cryptocurrency on the block in the investment space. Since its advent less than a decade ago, this cryptocurrency has reached great heights regarding mass adoption and value. It is the biggest cryptocurrency on the map, with a $1 trillion economy.
While Bitcoin is the largest cryptocurrency known to the crypto community, there are more than 5000 cryptocurrencies currently in circulation, most of which are listed on the CoinSwitch Kuber app. In any case, the majority of mainstream cryptocurrency users are not aware of these currencies.
A lot of digital currencies have witnessed gaudier returns than Bitcoin. The second-largest cryptocurrency, Ethereum (ETH), has increased by 750% since 2020, surpassing Bitcoin’s 600% returns over the same period. Several other cryptocurrencies are now sharing the same headlines alongside Bitcoin. Entrepreneurs and investors are now beginning to think, “What is the next cryptocurrency revolution in 2021?”
EtherLite is an entirely POS-based blockchain network. The platform is attempting to build a space where all the primary decentralized applications (DApps) can be accumulated under one roof and handled in an effective and cost-efficient manner. This can help broaden the base of blockchain development and its usage in the overall cryptocurrency community. EtherLite’s prices and fees will differ with fluctuations in the market value of Ethereum (ETH). The team behind EtherLite assures stakeholders and investors that this is a simple calculation and hackers cannot forge the numbers.
Let’s talk about the coin in detail.
What is EtherLite?
EtherLite is a borderless, decentralized network with community members and investors from across the world. ETL is the network’s native token. The cryptocurrency will be out for purchase using decentralized wallets such as trust Wallet for people who use android phones or Metamask for iPhone users. The Pre-ICO was open until May 1, 2021, following which the cryptocurrency got listed on Binance.
ETL crypto will run the EtherLink network, beginning with the adopted Proof of Stake consensus technique. Hence, staking ETL…
