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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.

0.000576 Ethereum = 1 AUD

ETH EthereumAUD Australian Dollar
0.01 ETH17.3617 AUD
0.1 ETH173.6172 AUD
1 ETH1736.1724 AUD
2 ETH3472.3447 AUD
3 ETH5208.5171 AUD
5 ETH8680.8618 AUD
10 ETH17361.7236 AUD
20 ETH34723.4472 AUD
50 ETH86808.6181 AUD
100 ETH173617.2362 AUD
1000 ETH1736172.3624 AUD