Ethereum is the world's first programmable blockchain with smart contracts, that features its very own cryptocurrency Ethereum. At its core, Ethereum is a decentralised global software platform powered by blockchain technology.
Ethereum is the second-largest cryptocurrency by market capitalisation. However, unlike Bitcoin, Ethereum was designed to be more than just a medium of exchange and store of value. Instead, Ethereum was to be a decentralised blockchain platform that could be used by developers to create and run decentralised applications (dApps) and smart contracts.
What are decentralised applications and smart contracts?
Think of the Ethereum blockchain like a decentralised app store. A platform that hosts applications that provide unique tools and experiences for customers. The Ethereum blockchain works in a similar way, software developers can build and release new products via the Ethereum blockchain network.
Launched in 2015 by programmer Vitalik Buterin. The introduction of the programmable blockchain has made Ethereum the home to thousands of decentralised applications including Decentralised Finance (DeFi), NFTs, Gaming, and the Metaverse, for millions of people.
The Ethereum market cap is over $208 billion AUD, and the current price per Ethereum sits at over $4,440 AUD as of August 8th 2022*.
*Ethereum (ETH) Market Cap 8/8/2022Benefits of Ethereum (ETH)
Global finance for everyone
Traditional finance is exclusionary. In 2017, the World Bank reported 1.7 billion people were “unbanked” meaning these individuals did not have adequate access to accounts or financial tools.
Decentralised finance, powered by Ethereum, is driving an alternative financial and technological infrastructure. One that is global, open source, and accessible to all who have access to the internet, regardless of nationality, ethnicity, gender, or socioeconomic class.
The internet of assets
Ethereum is more than just a digital currency. Today, essentially any asset can be represented, traded, and owned as non-fungible tokens (NFTs). These tokens are called ERC-20 tokens and they are minted onto the Ethereum Blockchain.
You can also program these tokens thanks to Ethereum smart contracts, and receive royalties automatically when the asset is resold. The blockchain works as an open accounting system, and enables new possibilities that are always expanding.
How do I buy Ethereum?
Ethereum is divisible up to 18 decimal places, so you don't have to buy 1 whole ETH. You can buy fractions at a time – as little as 0.000000000000000001 ETH.
The introduction of Crypto Earner provides Australians with the simplest way to buy and earn 4% fixed annual yield on any amount (even fractional) of Ethereum and earn a daily compounding yield on their Ethereum holdings, in Ethereum. With no lock-in periods, no minimum deposit amounts, and low fees — watch your balance grow live in the app or withdraw your holdings at anytime, anywhere.
