Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
EtherLite is a decentralized platform that uses smart contracts to run Dapps: Decentralized Applications. These Dapps can be used to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The Ethereum Virtual Machine (EVM) makes this possible even without EtherLite’s native currency, ELT. By running EVM, EtherLite can execute code of arbitrary algorithmic complexity.
In fact, EtherLite’s currency is only needed to pay for transaction fees and as a “gas” to limit computation and prevent denial-of-service attacks. Unlike Bitcoin, there is no limit to how many transactions can be processed by the EVM per second.
NOTE: WARNING: EtherLite is NOT part of Ethereum. It is a separate cryptocurrency network with its own blockchain and token. It may have similarities to Ethereum, but it is not part of the Ethereum network. Investing in EtherLite may carry a significant risk, and you should do your own research before investing any money.
EtherLite’s primary goal is to provide a platform for decentralized applications. While it shares many characteristics with Ethereum, there are also some important differences.
EtherLite is designed to be more lightweight and scalable than Ethereum. It uses a new consensus algorithm called Tendermint, which enables it to process around 10,000 transactions per second with finality (i.e.
without the need for confirmations).
It also has a modular architecture that allows developers to easily create and deploy custom protocols on top of the platform. Protocols can be used to create anything from simple token systems to complex decentralized exchanges.
Because of these features, EtherLite is often referred to as the “Ethereum killer”. While this may be premature, it’s undeniable that EtherLite has a lot of potential and is worth keeping an eye on.
10 Related Question Answers Found
Ethereum and EtherLite are both decentralized platforms that aim to provide a blockchain infrastructure for smart contracts and decentralized applications. Both platforms have their own native currencies, Ether (ETH) and EtherLite (ELITE), which are used to pay for transaction fees and gas costs. While Ethereum and EtherLite share many similarities, there are also some key differences between the two platforms.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ether is the fuel for running these applications, and is used to pay for transaction fees and computational services on the Ethereum network. So, is Etherlite related to Ethereum?
What is eCash? eCash is a form of digital cash that can be used to make payments online. It is based on the Ethereum blockchain and uses the ERC20 token standard.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is also a cryptocurrency, which can be used to pay for goods and services, or to trade like any other currency. The native currency of the Ethereum network is called ether.
It is evident that Ethereum has become a common enterprise. The question is whether it is a good thing or not. There are arguments for and against Ethereum being a common enterprise.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is built on a blockchain, similar to the Bitcoin blockchain. However, the Ethereum blockchain is more versatile than the Bitcoin blockchain because it can run smart contracts.
Wyre is a decentralized platform that enables anyone to send or receive payments in any currency, anywhere, anytime. Wyre is built on Ethereum, the world’s most popular blockchain. Wyre is the first and only platform that allows you to hold, convert, and transact in any currency, anywhere, anytime.
In the cryptocurrency world, Ethereum and Ether are often used interchangeably. However, they are not the same thing. Ether is the native cryptocurrency of the Ethereum network.
VRA is not an Ethereum. VRA is a digital token that powers the virtual reality ecosystem. The VR ecosystem is a decentralized platform that allows users to create, share, and monetize their VR content.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is an IDE. It is a complete programming environment that allows developers to create, compile, test, and deploy smart contracts.
