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Fuel: Scaling Ethereum with the Fastest Modular Execution LayerStiftung Ethereum. Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It. Ethereum is a decentralized blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether. Ethereum is a platform and a programming language that helps developers to build and publish next-generation distributed applications.