EtherLite is a blockchain platform built for efficiency; it provides a fast, secure and cheaper environment for building decentralized applications. It is fully compatible with Ethereum's tooling and Web3 technology stack and it runs on a PoS consensus algorithm. Etherlite is currently supported by OpenEthereum and POS Contracts. Etherlite runs on a fully compatible EVM-based chain, allowing for mainnet interoperability while providing greater efficiency, lower fees, configurability, and other benefits relative to current EVM consensus implementations.

Etherlite will connect with the Ethereum mainnet and also be compatible with other EVM-based blockchains. This will enable interoperability between all the EVM-based blockchains. Etherlite is using POSDAO as a consensus protocol.

‘Governance Tokens’ enable users to vote on the future of decentralized protocols, sure, but they also present fresh ways to entice assets onto protocol. ETL is used to run on-chain governance mechanisms for EtherLite. It will enable users to vote on the future of EtherLite. Governance will truly make EtherLite a decentralized protocol.