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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.

0.000486 Ethereum = 1 AUD

ETH EthereumAUD Australian Dollar
0.01 ETH20.5698 AUD
0.1 ETH205.6985 AUD
1 ETH2056.9849 AUD
2 ETH4113.9698 AUD
3 ETH6170.9546 AUD
5 ETH10284.9244 AUD
10 ETH20569.8488 AUD
20 ETH41139.6976 AUD
50 ETH102849.2440 AUD
100 ETH205698.4880 AUD
1000 ETH2056984.8804 AUD