Based on the highly anticipated Ethereum 2.0 proof-of-stake(PoS) concept, the Ethereum hard fork EtherLite has been moving through its roadmap. After the period of airdrop and initial exchange offering, now it is time for the token to hit exchanges. As an Ethereum hard fork, EtherLite will have a solid foundation and attract investors to further diversify its portfolio.
The Ethereum 2.0 concept was designed to overcome some of the shortcomings that are still plaguing the Ethereum platform. After Elon Musk’s tweet worrying about the environmental impact of crypto mining, Ethereum is one of the first to come up with the PoS concept. Differ from the traditional Proof of Work structure, the new PoS is faster, has lower fees, and gives users the ability to stake their ETL to help maintain network security in exchange for rewords. With ETL attracting more and more attention on the horizon, it is no doubt that its parent token Ethereum will be all over investors’ mind as well.
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