• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
EtherLite - Upcoming Ethereum Hard fork to launch one-click migration tool for dApps

EtherLite – Upcoming Ethereum Hard fork to launch one-click migration tool for dApps

Bitcoinist
by Bitcoinist
4 years ago
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Summary: The upcoming EtherLite chain is to be launched by forking the Ethereum network on 1st May 2021. It will fix existing issues and also add new features like interoperability, pure PoS consensus, almost instant transaction finality, and support for existing dApps across the DeFi ecosystem. 


Body

Blockchain networks need to outgrow themselves in terms of their accessibility, reliability, and interoperability. With time, the utility of blockchain networks hosting DAPPs and DeFi platforms apart from just being a currency has grown irrevocably, paving the way for finer-engineered blockchain networks which need to scale and perform to sustain. One of the most buzzing topics of discussion is the scalability of blockchain technology. A lot of chains including Bitcoin, and Ethereum, have experienced scaling capacity and witnessed network congestion and high fees. 

To address these challenges, EtherLite is aiming to fork the Ethereum network. The team has scheduled a hard fork of the Ethereum network on the 1st of May 2021, by modifying the consensus to pure Proof-of-stake. The team has also addressed some of the vital pain points that users are facing like delayed transactions and unstable transaction fees. The fork is not just about fixing issues, but also introducing new features. 

The EtherLite team has planned to launch a tool that will allow existing dApps to migrate over the EtherLite chain with just a click. The team is confident that their chain can handle the load without any sort of congestion or high transaction fees. According to the team, the EtherLite chain is capable of handling 10,000+ transactions per second, while offering transaction finality within 5 seconds.

Image source: https://etherlite.org/home

ETL Airdrop

As ETL is a hard fork of Ethereum, every user holding ETH in their personal wallet will receive ETL for free. It may be the biggest AirDrop on the Ethereum network so far. For users holding their ETH on exchanges, it is up to the respective exchange whether to offer ETL to their users or not. 

Web3 Compatibility

The new EtherLite chain will have native support for Web3, making it simpler for developers to integrate ETL in their application, while exchanges can use their existing ETH integration to support ETL. Compatibility with Web3 will also make ETL compatible with different libraries such as Web3Js, Web3J, and Nethereum, further making it easier to integrate ETL in the application.

EVM Compatibility

EtherLite is also fully compatible with Ethereum Virtual Machine (EVM) and thus, it supports all existing as well as upcoming dApps. ETL will also have native support for Solidity, a programming language for dApps development. 

Developers can port their existing dApps to the EtherLite chain without needing to make any significant changes to code and have a substantial upgrade in performance while lowering the cost. 

Blockchain bridges

One of the most unique features of EtherLite is that it is interoperable, which is a need of the hour for DeFi products. By default, EtherLite supports all EVM-based chains like Ethereum, MATIC, and Binance Smart chain for interoperations, making it convenient for users to transact through multiple chains without needing to worry about the complexity.  

Community driven

EtherLite blockchain is a community-driven, application-specific blockchain based on delegated PoS consensus with a governance model – EtherLite DAO. The validator nodes will act as decision-makers on the network. Anyone can be a validator by staking certain amounts of ETL in their EtherLite nodes.

Staking rewards

Most of the PoW chains do not offer any reward for holding the coins, so small investors/users do not have passive earning. EtherLite addresses this with its staking rewards feature. Users can stake their coins and earn APY up to 18%. There is a minimum staking requirement though, but over time staking pools will enable smallholders also to take part in the staking program. 

Closing note

EtherLite surely brings a lot of useful improvement, especially the Proof-of-Stake consensus, which most of the ETH followers are waiting for quite some time now. The future of EtherLite may also prove that PoS consensus is not just scalable but also environment friendly, which may encourage other projects to follow the trail.

Contact info:

Etherlite
https://etherlite.org
team@etherlite.org
Zürich, Versich 8085 – Switzerland

Facebook
Twitter
Medium
Telegram


Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Follow

Bitcoinist is the ultimate news and review site for the crypto currency community!

Full Profile

Related Posts

The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

1 day ago
Investors Search for Long-Term Upside in This Under-$0.01 Crypto of 2025 Tapzi

Investors Search for Long-Term Upside in This Under-$0.01 Crypto of 2025

1 day ago
MoonBull Presale Explodes with over 11,800% Projected ROI as Uptober Sends the Market Soaring

MoonBull Presale Explodes with over 11,800% Projected ROI as Uptober Sends the Market Soaring

1 day ago
Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As One of 2025’s Best New Crypto.

Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As One of 2025’s Best New Crypto

2 days ago
As the Tapzi Fundraiser Continues to Generate Buzz, Could It Be One of This Year’s Best Crypto Presales?

As the Tapzi Fundraiser Continues to Generate Buzz, Could It Be One of This Year’s Best Crypto Presales?

3 days ago
Experience the Next Chapter of Pickleball with the $PKL Token Presale.

Experience the Next Chapter of Pickleball with the $PKL Token Presale

1 week ago
Please login to join discussion

Premium Sponsors

Press Releases

  • The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

    The Quiet Market Shift Investors Might Be Missing: How...

    1 day ago
  • Investors Search for Long-Term Upside in This Under-$0.01 Crypto of 2025 Tapzi

    Investors Search for Long-Term Upside in This Under-$0.01...

    1 day ago
  • MoonBull Presale Explodes with over 11,800% Projected ROI as Uptober Sends the Market Soaring

    MoonBull Presale Explodes with over 11,800% Projected ROI...

    2 days ago
  • 狗狗幣引領『Uptober』Meme...

    2 days ago
  • ตัวละคร Snorter ขนฟูโต้คลื่นบนเซิร์ฟบอร์ดสีชมพู

    จับตา Uptober!...

    3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.