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Drawing inspiration from Bitcoin, Ethereum is a decentralised public ledger for verifying and recording transactions. Apart from supporting digital currencies as a whole, this blockchain network works to give control over their data. It focuses on running the programming code of any decentralised application without the need of a third party, giving users the freedom to create, publish, monetise, and use applications on the platform.
Ethereum and Bitcoin are similar in more ways than one: they both are digital currencies that can be traded via online transactions and stored in various types of cryptocurrency wallets. Both are also decentralised, which means that they are not issued or regulated by any central authority. Instead, they use distributed ledger technology, otherwise known as a blockchain, to run their transactions and programming processes. But their similarities end here.
Unlike Bitcoin, Ethereum was not created to be an alternative to national currencies. Instead, it was intended to be a blockchain platform that facilitates immutable, programmatic contracts, and decentralised applications (dApps) via its own currency, ETH. It was created to serve as a marketplace that is safe from fraud, theft, or censorship.
As the world’s leading digital currency trading platform, we are here to ease your cryptocurrency journey. At FAMEEX, you will be able to view Ethereum prices in AUD and USD at any given time, and track any price changes live. Any changes will be stated clearly and accurately, empowering you to make better-informed decisions on whether to hold or sell your Ethereum.
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