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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.

0.000355 Ethereum = 1 AUD

ETH EthereumAUD Australian Dollar
0.01 ETH28.1688 AUD
0.1 ETH281.6882 AUD
1 ETH2816.8824 AUD
2 ETH5633.7648 AUD
3 ETH8450.6472 AUD
5 ETH14084.4120 AUD
10 ETH28168.8241 AUD
20 ETH56337.6481 AUD
50 ETH140844.1203 AUD
100 ETH281688.2406 AUD
1000 ETH2816882.4058 AUD