Ethercoin (abbreviated as ETE) is a fork of Ethereum (ETH). Ethercoin is a smart electronic cash system with a strict deflationary monetary policy. Initiated by a group of professional tech enthusiasts from around the world, Ethercoin serves as the next generation smart contract platform designed to offer better services for DAPP developers and users. ETE is positioned as peer-to-peer smart electronic cash, committed to utilizing a Proof-of-Work (PoW) mining mechanism that is based on real-world value and community transparency, using GPUs for mining. With the protection of local internet computing power, the platform can meet users high-quality needs, including high security performance.

Ethercoin combines the best features of Ethereum (ETH) with secure, no-transaction-cost functionality, making large and complex smart contracts economically feasible, stable, and continuous. It also achieves high scalability and real-time transaction feedback through its masternode network.