Ethereum Price - ETH/NZD : $5,295.74

Ethereum is a distributed, open-source software platform that runs on decentralised blockchain. It is made for scalability, security, and sustainability. Ethereum is commonly referred to as a “world computer” and is essentially “programmable money”.

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

Ethereum is a game-changer. The most powerful characteristic of Ethereum is that it supports smart contracts. Ethereum’s founders had a simple dream: to develop a platform where anyone can build and launch their own decentralised applications (dApps). Developers can create dApps on Ethereum and deploy smart contracts to run them. Smart contracts are digital contracts that control value and represent the transfer of ownership of assets over the blockchain, like cryptocurrencies and Non-Fungible Tokens (NFTs). Smart contracts are a revolutionary tool that gives Ethereum a real-world use case.

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