Ethereum Price - ETH/AUD : $3,919.87

Ethereum is an open-source, distributed software platform that runs on a decentralised blockchain network. It is built to be scalable, secure, and sustainable. Ethereum is commonly known as a “world computer” and is essentially “programmable money”.

Ether (ETH) is the native currency and utility token of the Ethereum blockchain. ETH has a store of value as a digital asset, and is used as a form of payment to pay gas fees when processing transactions on the network. Ethereum (ETH) is the second-largest cryptocurrency by market capitalisation and is the most widely used blockchain in the world.

Ethereum is revolutionary. The most important feature of the platform is its built-in support for smart contracts. The founders of Ethereum had a clear goal in mind: to develop a platform where anyone can create and launch their own decentralised applications (dApps). On Ethereum developers can write and deploy smart contracts that allow dApps to function. Smart contracts control value and can be used to represent the transfer of ownership of digital assets over the blockchain, such as cryptocurrencies and Non-Fungible Tokens (NFTs). Smart contracts are essential to power dApps and give Ethereum a real-world use case.

Ethereum’s vision is to create a digital future for the world. Its mission is honourable: “grow Ethereum until it's powerful enough to help all of humanity.”