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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.

0.000195 Ethereum = 1 AUD

ETH EthereumAUD Australian Dollar
0.01 ETH51.1790 AUD
0.1 ETH511.7899 AUD
1 ETH5117.8990 AUD
2 ETH10235.7980 AUD
3 ETH15353.6970 AUD
5 ETH25589.4950 AUD
10 ETH51178.9899 AUD
20 ETH102357.9798 AUD
50 ETH255894.9495 AUD
100 ETH511789.8991 AUD
1000 ETH5117898.9906 AUD