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Ethereum (English: Ethereum) is an open source public blockchain platform with smart contract capabilities. Provides a decentralized virtual machine (called the Ethereum Virtual Machine) to process peer-to-peer contracts through its dedicated cryptocurrency, Ether (also known as "Ether"). The concept of Ethereum was first proposed by programmer Vitalik Buterin after being inspired by Bitcoin between 2013 and 2014, which means "the next generation of cryptocurrency and decentralized application platform", and was crowdfunded through ICO in 2014. to start developing. As of June 2018, Ethereum is the second most valuable cryptocurrency by market capitalization, and Ethereum is also known as the "second-generation blockchain platform", second only to Bitcoin.