About EtherLite Validators

EtherLite runs on a Proof-of-Stake mechanism which requires ETL to sustain the network. Validator nodes are required to stake a minimum of 100,000 ETL and in return validators will receive rewards and fees for their service. If validator does a malicious activity, then his staked ETL are basically confiscated.
Any address with the minimum required candidate stake (100,000 ETL) can become a validator. When an address calls the addPool contract function and meets the minimum required candidate stake, it becomes a candidate and forms a new pool.