EtherLite is a specific blockchain. Its architecture leverages EVM compatibility and Proof-of-Stake functionality. This platform is fully compatible with Ethereum. That means any DAO, smart contract, and decentralized applications will work on EtherLite.
Among EtherLite’s features are Web3 compatibility, fast transaction finality using a PoS consensus engine, high throughput, as well as ability to use existing smart contracts and tooling
The company is giving Ethereum holders an opportunity to claim free ETL coins by simply holding their Ethereum in their personal wallets.