© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2022
W. Zhang, T. AnandBlockchain and Ethereum Smart Contract Solution Developmenthttps://doi.org/10.1007/978-1-4842-8164-2_6

6. Ethereum Architecture and Overview

Weijia Zhang1   and Tej Anand2
(1)
Austin, TX, USA
(2)
Chappaqua, NY, USA
 

Introduction

The Ethereum blockchain is a fascinating platform that uses innovative smart contract capability to empower decentralized applications in almost all major business sectors. Pioneered by Vitalik Buterin and several cofounders, Ethereum has gone through the milestones of initial launch, stable coins, ICO (Initial Coin Offering), DeFi (Decentralized Finance), DAO (Decentralized Autonomous Organization), NFT (nonfungible ...

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