What is EtherLite Blockchain?

Can anyone explain EtherLite Blockchain?

I am not a Developer but I found info on internet where they specify “EtherLite Blockchain is an application-specific blockchain that is customized for the business logic defined by a single application.”
Which is

  1. Web3 compatibility
  2. Provide High throughput
  3. Can use Smart contract and tooling
  4. Having Less Transacation Cost
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Its good to have less transaction cost :+1:t2: :+1:t2:

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It is fully compatible with Ethereum’s tooling and Web3 technology stack