Description: Ethereum is an open-source blockchain-based platform that enables the development and execution of decentralized applications (DApps) and smart contracts. It provides a decentralized virtual machine, called the Ethereum Virtual Machine (EVM), which allows developers to build and deploy applications on the Ethereum network. Ethereum utilizes its native cryptocurrency called Ether (ETH) as a means of value exchange within the network. Additional information: Ethereum revolutionized the blockchain industry by introducing smart contracts, which are self-executing contracts with predefined rules and conditions. These contracts automatically execute when the conditions are met, eliminating the need for intermediaries and enhancing transparency and efficiency. Ethereum's decentralized nature ensures that applications built on its platform are resistant to censorship, fraud, and downtime. It has become a popular choice for developers and organizations looking to create decentralized applications, tokenized assets, and decentralized finance (DeFi) solutions. Example: One example of Ethereum's application is in the field of decentralized finance (DeFi). DeFi platforms built on Ethereum enable users to access financial services without relying on traditional intermediaries, such as banks. Users can lend, borrow, trade, and earn interest on their cryptocurrencies directly through smart contracts, eliminating the need for a centralized authority. This opens up opportunities for financial inclusion and innovation, allowing individuals worldwide to participate in the global financial system. Publisher: Ethereum.org Source: https://ethereum.org/ LOST view: TVA-Trust Enablers [Motivation] Identifier: http://data.europa.eu/dr8/egovera/EthereumApplicationService EIRA traceability: eira:DigitalSolutionApplicationService EIRA concept: eira:SolutionBuildingBlock Last modification: 2023-07-25 dct:identifier: http://data.europa.eu/dr8/egovera/EthereumApplicationService dct:title: Ethereum Application Service