Assets, Ethereum

What Is Ethereum Lite?

Ethereum Lite is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum Lite is an open source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.

NOTE: WARNING: Ethereum Lite is a cryptocurrency that has been created to be a less expensive and faster alternative to Ethereum. It should not be confused with the original Ethereum, as it is not endorsed by the Ethereum Foundation. It is important to research any cryptocurrency before investing, as there are scams and other fraudulent activities associated with these digital assets. Be sure to understand the risks before investing in any digital asset.

Lite is a fork of the Ethereum blockchain. The main difference between the two platforms is that Ethereum Lite offers a reduced block time and lower transaction fees.

Ethereum Lite was created in 2017 by the team behind the popular cryptocurrency exchange Bitfinex. The goal of the project was to create a more lightweight version of Ethereum that would be better suited for use cases such as microtransactions and IoT applications.

To date, Ethereum Lite has been successful in attracting a community of developers and users. The Litecoin Foundation has even partnered with the project in order to promote adoption of the platform.

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