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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.

0.000282 Ethereum = 1 AUD

ETH EthereumAUD Australian Dollar
0.01 ETH35.4322 AUD
0.1 ETH354.3217 AUD
1 ETH3543.2174 AUD
2 ETH7086.4348 AUD
3 ETH10629.6522 AUD
5 ETH17716.0869 AUD
10 ETH35432.1739 AUD
20 ETH70864.3477 AUD
50 ETH177160.8693 AUD
100 ETH354321.7386 AUD
1000 ETH3543217.3865 AUD