Ethereum is a platform for creating decentralized online services using blockchain technology, based on smart contracts. It is a single decentralized virtual machine. Ethereum is an open platform that greatly simplifies the implementation of blockchain technology, which explains the interest of everyone from startups to major software developers.
Ethereum has well established itself as one of the leading cryptocurrencies out there. Unlike other cryptocurrencies, the authors do not limit the role of ETH to payments. The coin is also used as a means for exchanging resources or registering transactions with assets using smart contracts. The authors called Ethereum “crypto-fuel” for the execution of smart contracts by a peer-to-peer network.