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Ethereum is a decentralised computing platform. Announced in a white paper by Russian-Canadian developer Vitalik Buterin in 2013, Ethereum allows users to create decentralised applications (dApps) using smart contracts – code that runs on the blockchain. dApps are accessible to anyone with an internet connection, execute exactly as programmed, and cannot be shut down.

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What is Ethereum?

Ethereum has become the core infrastructure for the Decentralised Finance (DeFi) movement. DeFi replicates many conventional financial services on the blockchain, such as lending, exchanges and derivatives. Every transaction on Ethereum, from simple transfers of digital tokens to complex smart contract operations, is paid for using ETH, the platform’s native currency. Starting from December 2020, Ethereum’s developers and community began upgrading the platform to Ethereum 2.0, a long-term process that will increase the efficiency and security of the network while enabling it to scale to support many more transactions.

0.000447 Ethereum = 1 AUD

ETH EthereumAUD Australian Dollar
0.01 ETH22.3719 AUD
0.1 ETH223.7190 AUD
1 ETH2237.1903 AUD
2 ETH4474.3806 AUD
3 ETH6711.5710 AUD
5 ETH11185.9516 AUD
10 ETH22371.9032 AUD
20 ETH44743.8064 AUD
50 ETH111859.5160 AUD
100 ETH223719.0319 AUD
1000 ETH2237190.3190 AUD