Ethereum is a global open source blockchain platform for decentralized applications (DApps), supported by smart contracts and embedded in local digital currency ether (ETH). On Ethereum, you can write code to control the transmission of digital value according to programming conditions. Ethereum is used primarily for three purposes: one is to store the value in ETH, the second is to dispose of transactions by users sending or receiving payments in ETH, and the third is for transaction fees paid in ETH. The means are to promote network operations (ie, enabling DAP). These fees are based on the cost of executing the code.

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In November 2013, Vitalik Buterin released a white paper for the concept of Ethereum. The network was launched in June 2015, with contributions from seven co-founders and other developers. The initial development was led by Ethereum Switzerland GmbH and is currently under the supervision of the Ethereum Foundation, a non-profit organization headquartered in Switzerland.

Prior to its inception, Ethereum aimed to expand the core functions of bitcoin as a peer-to-peer (P2P) digital currency by integrating a platform into smart contracts and more complex structures (such as DApps and distributed autonomous organizations ( DAO). Its progress is driven by the joint efforts of its global developer community. Ethereum's global developer community is considered the largest of all digital currency networks. Currently, Ethereum is in the fourth stage of development, called Serenity or Ethereum 2.0. It will be launched in multiple phases and is expected to be completed after 2022.