Hi Everyone before I continue I would just like to state that this is not financial advice in any way I am not a financial advisor. What you do with this information is completely up to you however please only ever invest in something with money that you can afford to lose never use your savings or anything which would cause you issues if you were to ever lose it.
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As some of you may be aware on the 1st of July Etherlite is going live and I believe it will change so many things for us all it is going to be mind-blowing in my opinion if you would like to read the whitepaper you can do so here currently it's at $0.2495 but I believe this will be massive by next year.
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What can we expect from Etherlite and what are its capabilities I mean nobody needs another shitcoin right?
- Efficiency
- Low transaction costs and speed
- Web3 Compatability
- proof of stake
- Smart contracts and tooling
- EVM compatible
- interoperability
- bridge
- POSDAO
It is clear that Etherlite is going to totally transform the Ether Blockchain and I for one am very excited about where this will take us I missed out on Bitcoin and Ether in their early days I will not miss out on this opportunity.
The Etherlite White paper claims that it is built for efficiency, speed and security and cheaper alternative to building dapps
I believe that it will run very much the same as the Hive Blockchain someone please correct me if I am wrong? All I can say to that is well done Hive because you guys have seriously smashed it Imagine if Ether had been released the way that Etherlite is going to be with all the same features and capabilities it probably would have blown Bitcoin out of the water. I know that's a bold statement but I seriously do believe it would of Ethereum in its current state should be way higher priced than it is but as we all know transaction fees have let it down big time. Nobody wants to pay £70 to send a £20 payment that's just crazy but unfortunately, that's the current state of Ethereum.
Anyway guys and gals that's me for today I hope you enjoyed reading my post I do apologize for the vagueness I am still learning about how everything works so, please don't hold that against me. As always I hope everyone is safe and well and look out for my next post take care bye for now.
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If you would like to purchase some ETL or join their airdrop for being an Ethereum hodler you can Join here