Electronic Money Exchange Monitor

Tether is a system using blockchain technologies to convert cash to/from digital money while anchoring or tethering the value of its cryptocurrencies to the price of national currencies such as US dollar, euro, etc. An automatic proof of reserves process for money deposited in the Tether system is a nice and efficient alternative to traditional proof of solvency methods for electronic wallet holders.

Ethereum is a public blockchain-based distributed computing platform featuring smart contract functionality. The value token of the Ethereum blockchain is called "ether" or ETH. As distinct from other cryptocurrencies, "ether" is used both to make payments and to exchange resources, as well as to formalize deals with assets by means of smart contracts.