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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.

0.000210 Ethereum = 1 AUD

ETH EthereumAUD Australian Dollar
0.01 ETH47.6576 AUD
0.1 ETH476.5758 AUD
1 ETH4765.7576 AUD
2 ETH9531.5152 AUD
3 ETH14297.2728 AUD
5 ETH23828.7880 AUD
10 ETH47657.5759 AUD
20 ETH95315.1518 AUD
50 ETH238287.8796 AUD
100 ETH476575.7591 AUD
1000 ETH4765757.5910 AUD