What is Ethereum?
Ethereum (ETH) is the second most popular cryptocurrency in the world and was created by Vitalik Buterin in 2015. Ethereum is a decentralised, open-source blockchain that uses Ether (ETH) as its currency. Ethereum is at the core of many popular DeFi projects, offering services like lending, borrowing, and trading without third parties. It boasts a large and active community that is continuously developing new projects and innovations, making it a dynamic and promising platform.
- Market cap$555.4BThe current price of Ethereum multiplied by its current circulating supply.
- 24hr volume$62.6BThe total dollar value of all Ethereum transactions over the past 24 hours. Includes data from all exchanges, not just bitcoin.com.au.
- Supply120.7MThe amount of Ethereum that is currently liquid and in circulation.
How to pay when buying Ethereum
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PayID
Want to buy Ethereum instantly? PayID is a great way to do so and is supported by most Australian banks.
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Credit/debit card
Want to buy Ethereum instantly? PayID is a great way to do so and is supported by most Australian banks.
Ethereum’s features
Think of smart contracts as robot agreements that automatically do what they're supposed to when certain conditions are met. For example, a smart contract could automatically transfer ownership of a car once payment is received, making the process quicker and safer.
Ethereum is programmable, which means developers can build their own applications on its platform. These can range from games to financial services, all benefiting from blockchain's security and transparency. It's like having an app store that's open and fair, where anyone can contribute.
Just like Bitcoin, Ethereum operates on a decentralised network. This means it's run by thousands of computers around the world instead of one central place. It gives power back to the users, ensuring that no single entity has control over the entire network or its data.
Buying Ethereum (ETH)
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