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Ethereum 101: What is Ethereum?

Ethereum is the first blockchain in the cryptocurrency space to do things differently. Ethereum was never designed to be a currency, but instead, become a “world computer” of smart contracts and decentralized applications.

Ethereum was created by researcher & developer Vitalik Buterin in 2015.

The ethereum blockchain is a platform of smart contracts and wallets that allow for automatic, transparent and fast transactions for many different tokens.

Ethereum as a platform was the fuel of the ICO digital asset boom of 2017 with 1000’s of cryptocurrency and utility tokens being issued and distributed on the Ethereum blockchain.

Ethereum is taking centre stage as decentralized finance (DeFi) smart contracts, platforms and tokens that allow financial systems to run in a decentralized fashion become mainstream.

Buy Ethereum (ETH) instantly by setting up a coinpass account and Ethereum wallet.

Coinpass support the GBP/ETH trading pair by providing liquidity and less friction for Ethereum to GBP trading.

Learn more about Ethereum (ETH) at our coinpass academy

Buy Ethereum Instantly. Signup Today

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Trading cryptoassets (“Cryptocurrencies”) involves significant risk and can result in substantial losses of the customer invested capital. Customers should not invest more than they can afford to lose and should ensure that they fully understand the risks involved. Customers should therefore carefully consider whether trading or holding cryptoassets is suitable in light of their own financial situation and attitude to risk.

Investments in cryptoassets are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme.

Coinpass do not make any representations or recommendations regarding the advisability or otherwise of trading in cryptoassets or any particular transaction.

Coinpass Limited is a company registered in England & Wales Company number: 11164834. Registered address: Andrew James House, Bridge Road, Ashford, Kent TN23 1BB.