It is a cryptocurrency, A digital coin, an asset that is native to its blockchain. Think about Bitcoin, Ethereum, or EtherLite. Each of these coins exists on its blockchain. So, to make this a little clearer: Bitcoin operates and functions on the Bitcoin blockchain.
Ethereum operates and functions on the Ethereum blockchain; both Bitcoin and Ethereum operate on a (P.O.W.) proof of work… old technology… EtherLite operates on a (P.O.S.) proof of stake. New technology. It is 1000 times faster and 1000 times cheaper than Ethereum (P.O.W.).
Of course, we’re not going to list every single digital coin here. You can see the complete list over at Coinmarketcap.com. However, we have included some of the more familiar ones here for you. This should help with your understanding of what we mean when we use the term coin.
Now, let us learn about tokens. Tokens often get called digital coins. However, this isn’t correct. There is a significant difference! Tokens are created on existing blockchains. In fact, thanks to the creation and facilitation of smart contracts, the most common blockchain token platform are Ethereum. Tokens that are built on the Ethereum platform are known as E.R.C twenty tokens.
You should…Now understand what is meant when someone says digital coin or digital token. It wasn’t that confusing after all, was it?… You should now know the simple definition of a coin and a token: coins are native to their own blockchain. At the same time, tokens have to be built on top of another blockchain, like Ethereum or EtherLite.
Why one day EtherLite can pass Bitcoin?
EtherLite was built to support a wide variety of blockchains based on decentralized applications.
The Huge Advantages of Etherlite compared to other cryptocurrencies
EtherLite can Create Dapps.
EthreLite is the only coin to have an actual hard fork From Ethereum with P.O.S. blockchain.
Has the ability to create smart contracts with Defi and N.F.T.s capability.
It has the capability to provide decentralized web hosting And Issuance of I.C.O’s.
One-click migration from Ethereum smart contracts to EtherLite P.O.S. blockchain…. So, In other words, developers find it is not feasible to remain on their current blockchain because of technology, high gas fees, or slow transactions.
Now the platform has the ability to move their smart contract and DApps, Without having to start over and rebuild from scratch. With just one click of the button, the developers can migrate to EtherLite.
EtherLite is now starting to grow to gain awareness, EtherLite, now has over 60 tokens built on its platform.
We hope you enjoy this quick overview. Get as much EtherLite as you can, And feel free to contact us
for more information.