What is Ethereum?
Ethereum (or also known as ETH) is the second most popular cryptocurrency and is a very popular token to buy in Australia. Ethereum is a decentralised, open-source blockchain technology that uses Ether or ETH as its currency. Ethereum is a blockchain that can be used by developers to create and run decentralised applications (dApps), smart contracts and NFTs. Ether or ETH is used on the Ethereum network to pay transaction fees, commonly referred to as gas fees, used as collateral in DeFi and to buy NFTs.