The world economy is littered with miscellaneous cryptocurrencies that fail to deliver on their promises and fiat currencies that are controlled by governments for the benefit of themselves. In response to this growing problem, ETHEREUM FIRE INSURANCE has developed ETHEREUM FIRE INSURANCE (ETHFI) coin, a cryptocurrency that is initially released 60 percent gold-backed coin, is completely decentralized, and is free from manipulation by any single entity. The initial released 60% gold backed coin means that the quantity of gold backing the coin at the time of initial release is not affected by the price volatility of ETHFI coin or Gold in the future. ETHFI coins are unique because they have been created specifically for global usage with a virtual wallet that eliminates the need to carry physical cash. The advantages of ETHFI, Etherum blockchain based software contracts (smart contracts) enable ETHFI coins to be decentralized, secure, and transparent for all users. ETHFI will initially employ standard digital coins that are exchangeable for specified cryptocurrencies and fiat currencies. ETHFI holders will have the ability to buy and sell their coins following the official listing on the public cryptocurrency exchange. All users of ETHFI coins are entitled to use their coins to make payments or remittances, to sell their coins on the cryptocurrency exchange.