What is the Ethereum cryptocurrency, its project, and its legitimacy?

Ethereum as a broader concept is an open-source, blockchain-based computing platform created by programmer Vitalik Buterin in 2015.

Ethereum coin

Ethereum uses a digital currency called Ether (ETH), which is the second largest cryptocurrency after Bitcoin, is not only a digital currency but a complete ecosystem that allows developers to create and deploy decentralized applications (dApps)

Ethereum aims to expand the use of blockchain technology to include smart contracts, which are Ethereum's most important feature.

What are smart contracts?

These are self-executing contracts with terms written in software that allow different parties to enter into agreements without the need for an intermediary, and these contracts are automatically executed when certain conditions are met, which reduces the possibility of manipulation and increases trust between parties, and can be used in a variety of applications such as insurance, finance, and real estate.

Is Ethereum halal or haram?

After researching and investigating the Ethereum currency, studying its project, and consulting specialized experts, this currency is legitimate, and there is no suspicion about it until the date of writing this article.

Finally, Ethereum remains one of the most innovative projects in the blockchain and cryptocurrency space and will receive more attention in the coming daysfollowing the recent approval of its exchange-traded funds by the Securities and Exchange Commission.