Price
$0.000123
12/1/2022, 6:32:55 AM
diamondHands

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Etherlite can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

-

Volume (24h)

$1,721.16

Circulating supply

-

All time high

$0.0900

Price change (1h)

+2.04%

Price change (24h)

+14.74%

Price change (7d)

+39.57%

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Etherlite is on the rise this week.

The price of Etherlite has risen by 39.57% in the past 7 days. The price increased by 14.74% in the last 24 hours. In just the past hour, the price grew by 2.04%. The current price is $0.000123 per ETL. Etherlite is 99.86% below the all time high of $0.0900.

The current circulating supply is 0 ETL.

About

What Is Etherlite (ETL)?

Etherlite (ETL) is a blockchain platform offering scalable and efficient solutions to Ethereum 1.0 users. The platform is a fork of Ethereum that aims at offering a faster, secure, and cheaper environment to users for building their decentralized applications (Dapps)

The platform developed Etherlite as a fork with an aim to offer better scalability facilities using the existing Ethereum configuration. Some of the technology benefits that Etherlite seeks to offer are:

  • Fast: Since the platform runs on a proof of stake (PoS) mechanism, the transactions are confirmed instantly. The network offers a speed of ten thousand transactions per second. 

  • Compatibility: The ecosystem is fully compatible with EVM which means that any existing Ethereum smart contract can be used in the Etherlite ecosystem. Thus, the developers running their Dapps on Ethereum can port them on Etherlite to upgrade the performance. 

  • Modular: Etherlite’s internal architecture is customizable which makes the platform user-friendly and less error-prone.

  • Security and Interoperability: The platform functions on the PoS mechanism where validators become stakers as well. Also, users can trade assets on multiple chains using Etherlite. The platform acts as a bridge to initiate trustless cross-chain communications.

ETL is the native and governance token available on the network. The token is used to fuel the network, ensure governance and payment of network fees. Validators and users are required to stake a minimum of one hundred thousand ETL and one thousand ETL respectively to attain staking rewards in the ETL tokens. According to the whitepaper, the platform uses a 70/30 proportion to distribute the rewards to the participants. Delegators receive 70 percent of validator’s pool rewards and validators are allowed 30 percent or more rewards from the pool for successfully validating the blocks. 

In relation to the platform’s consensus mechanism, Etherlite designed POSDAO, an efficient public chain offering structured rewards to the validators or delegators. The role of POSDAO is to prevent malicious activities in rewarding the users on the platform.

History of Etherlite (ETL)

Etherlite was developed in January 2021 by Prince Albert Von Anhalt, Alex Lam, Sharjeel, Sanda Lonela, and Cebeu Ion Marius. The roadmap depicts the launch of private sale ICO (Initial Coin Offering) in April, 2021. The total supply of ETL is 21,000,000,000.

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FAQ

What is the current price of Etherlite?

The price of 1 Etherlite currently costs $0.000123.

What is the market cap of Etherlite?

The current market cap of Etherlite is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Etherlite?

The all-time high of Etherlite is $0.0900. This all-time high is highest price paid for Etherlite since it was launched.

What is the 24 hour trading volume of Etherlite?

Over the last 24 hours, the trading volume of Etherlite is $1.72K.

What other assets are similar to Etherlite?

Assets that have a similar market cap to Etherlite include SafeBitcoin, Microtick, Deliq Finance, and many others. To see a full list, see our comparable market cap assets.

How many Etherlite are there?

The current circulating supply of Etherlite is 0.