EtherLite Documentation
  • Welcome to EtherLite
  • About EtherLite
    • Features
    • Advantages
    • Prospective Use Of EtherLite
      • Payment Systems - Fast Finality
      • DeFi Projects
      • Community Inclusion Currencies
      • Derivative Markets
      • Blockchain Gaming Industry
      • NFT Mint and Transfer
      • Secure Voting Systems
      • Governance Mechanism Base for DeFi Projects
    • News & Information
    • Roadmap
  • For Users
    • Wallets
      • Metamask
      • Portis Wallet
    • EtherLite Coin
      • EtherLite Testnet Faucet
    • Explorers
      • BlockScout
    • Governance
    • Claim Reward
  • For Validators
    • About EtherLite Validators
    • Launch a Validator Node
    • Become a Validator
    • How to create EC2
    • How to create RPC
  • For Developers
    • Wallets
    • RPC
    • Remix IDE
  • For Delegators
    • Become a Delegator
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  1. About EtherLite

Advantages

· Fast - At EtherLite, transactions become instantly irreversible, there is no need to wait tens of minutes for confirmations. EtherLite runs on a POS consensus and is extremely scalable, it provides fast block times ~3s.

· Compatible - EtherLite is fully compatible with the EVM meaning that any existing Ethereum smart contract and tooling can be used at EtherLite. Developers can port their existing Ethereum-based dApps in a matter of minutes, substantially upgrading the performance and lowering the costs. Any developer familiar with Ethereum can use EtherLite without (almost any) additional skills required.

· Modular - EtherLite’s modular internal architecture is flexible, easily customizable and less error prone. Further development, additional feature implementation and bug fixing becomes much easier making the framework developer friendly.

· Security - EtherLite runs on a trustless Proof-of-stake network where validators are themselves stakers.

· Scalable - EtherLite is having capability to process thousands of transactions per seconds and scale to thousands of nodes.

· Interoperability - Using Etherlte you can transfer or trade assets or coins from one chain to another.

· Bridge - Native support for cross-chain communication among the two blockchains. The communication protocol should be bi-directional, decentralized, and trustless. It will concentrate on moving digital assets between EtherLite to another EVM supported blockchain

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Last updated 4 years ago

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