Sunday, Sep 19, 2021
Outlook.com
Outlook.com

EtherLite (ETL) to provide a stable and sustainable blockchain ecosystem

EtherLite (ETL) to provide a stable and sustainable blockchain ecosystem
outlookindia.com
1970-01-01T05:30:00+0530
(Eds: Disclaimer: The following content is a press release. PTI takes no editorial responsibility for the same.)

New Delhi, 17-May-2021: Over the years, Blockchains Technologies have made many complicated and difficult choices, primarily for different ideologies. Earlier, due to very high network charges, slow transactions, and network congestion, DApp companies had to operate at their own expense. Transactions used to take a long time to confirm, as DeFi was almost unstable for unpredictable high rates. But now with community support, in the past few months, these prominent issues are fixed on a speed light basis. But the still the problem persists.

‘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. The foundation has changed the power of the original chain and brings ETL currency into power which is the Proof of Stake version.

‘EtherLite Foundation’, is distributing utility tokens in the form of EtherLite (ETL) in compliance with EU Laws.

ETL kick-started its launch with a massive airdrop from May 01 till May 15. Now, Initial Bonding Curve Offering (IBCO) is scheduled from May 15 till June 30 and this Initial Coin Offering (ICO) by will later be listed for public trading on International exchanges on July 01 this year.

Ariane Cardoso, Member, EtherLite Foundation says, “EtherLite 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. 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.”

She further says that, “This is an excellent opportunity for ETH holders to claim free ETL coins by simply entrusting ETH to their personal wallets, such as Meta Mask and another non-custodial, Ethereum''s wallets. Like all other forks, users get a certain percentage of the ETL amount of their wallet. For users who keep ETH on the exchange, it depends on whether the branch is supported. If a user wishes to own ETL, it''s a good idea to keep that ETH in Meta Mask or another wallet that controls your secret key.

Anyone who missed the AirDrop is advised to participate in The Biggest ICO of 2021, to ensure they are ahead of the curve.”

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

PWR

PWR


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

Yemen: Houthi Rebels Execute 9 Over Senior Official's Killing

Yemen: Houthi Rebels Execute 9 Over Senior Official's Killing

The execution took place by firing squad and was held in public, early in the morning in the rebel-held capital of Sanaa.

La Liga: Bilbao Hold Atletico; Radamel Falcao Nets In Rayo Debut

La Liga: Bilbao Hold Atletico; Radamel Falcao Nets In Rayo Debut

Rayo Vallecano have two wins, a draw, and two defeats in their return to Spain's top division.

Popcorns, Photos And A Leisure Walk, Prez Kovind Makes Public Appearance At The Ridge

Popcorns, Photos And A Leisure Walk, Prez Kovind Makes Public Appearance At The Ridge

'Do you guys feel harassed by my presence in Shimla?' Rashtrapati Kovind asked a middle-aged person watching him from a distance along with a group of people.

More from Outlook Magazine

Crouching Tigers

Crouching Tigers

Ghee Bowman brings to light the forgotten story of an Indian force’s role in the Battle of France and their fighting withdrawal through Dunkirk. In this excerpt, individual units arrive in northern France and take their positions, awaiting the Wehrmacht onslaught.

Outlook-ICARE India’s Top Universities Rankings 2021: Top 21 Private Medical Universities

Outlook-ICARE India’s Top Universities Rankings 2021: Top 21 Private Medical Universities

Outlook's annual ranking of India’s top 21 Private Medical Universities in 2021 will help students make an informed choice.

Outlook-ICARE India’s Top Universities Rankings 2021: Top 15 Government Medical Universities

Outlook-ICARE India’s Top Universities Rankings 2021: Top 15 Government Medical Universities

Outlook's annual ranking of India’s top 15 Government Medical Universities in 2021 will help students make an informed choice.

Advertisement

Outlook Newsletters

Advertisement