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Ethereum

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 Ethereum	AUD Australian Dollar
0.01 ETH	28.1688 AUD
0.1 ETH	281.6882 AUD
1 ETH	2816.8824 AUD
2 ETH	5633.7648 AUD
3 ETH	8450.6472 AUD
5 ETH	14084.4120 AUD
10 ETH	28168.8241 AUD
20 ETH	56337.6481 AUD
50 ETH	140844.1203 AUD
100 ETH	281688.2406 AUD
1000 ETH	2816882.4058 AUD