Launched in 2015, Ethereum is a blockchain platform designed for
executing smart contracts and enables anyone to build decentralised applications (dApps)
on top of it without third party involvement.
Developers can also use the Ethereum blockchain to issue new cryptocurrencies, known as Ethereum tokens.
Like Bitcoin, Ethereum is an open-source project not owned or controlled by any individual or entity.
This means that anyone can download the software and connect to the network.
Ether (ETH) is the native cryptocurrency for the Ethereum platform that can be traded on exchanges
like just like Bitcoin and also functions as the transaction fees for miners on the Ethereum network.
The price of Ethereum and other cryptocurrencies are determined by supply and demand: the buyers who want a certain currency and the sellers who have that currency. Luno does not set the price of Bitcoin or any cryptocurrency.
There is no global Ethereum price, it isn’t pegged to any currency, country or Bitcoin platform. When you see the price on Google, it is simply showing an estimated, international price.
No. Ethereum and most other cryptocurrencies are divisible. You can spend a small amount of money and buy or sell very small amounts over time.
You can buy Ethereum through our app as well as our Exchange. After you’ve signed up with Luno, you can deposit money to your account.
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