EtherLite will be a fork Ethereum Virtual machine that uses the years of hard work and innovation of the Ethereum foundation and modifies it to fix some of the bottlenecks that prevent it from going mainstream. We believe it is enough now, and the time has come for Crypto Community to go mainstream, to let everyone in on the dream. And the first step to going mainstream is freedom from high fees. To make it usable for average and daily small and micro transactions.
Yes, High Fees - its real problem.
I believe it is better than Ethereum… We are experiencing high fees.