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What is Ethereum?

In 2015, a Canadian by the name of Vitalik Buterin along with five co-founders, Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin launched Ethereum. They launched Ethereum with a shared goal: to build the world’s decentralized computer, often called decentralized compute. The blockchain is a permissionless layer-one known for its use of smart contracts.

These digital contracts are automated programs that decentralized applications (dApps) run on. ETH is currently the second-largest blockchain measured by market cap after Bitcoin. Its native token is Ether (ETH) and it is used to pay for transactions on the network.

ETH is divisible into wei, allowing for micro-transactions. The chain reached consensus and in 2022 it transitioned from the energy-intensive proof-of-work model to proof-of-stake through an event known as The Merge. This upgrade improved scalability and significantly reduced energy consumption.

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Trading on Newton is fast and easy.

Create an account in a matter of minutes, and start buying Ethereum and more on your phone or computer.

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How does Ethereum work?

Overview

Ethereum is a popular blockchain with developers who create and deploy smart contracts for their decentralized applications (dApps). These contracts are executed on-chain thus creating a secure and verifiable trusted ledger. The ETH supply is not capped like Bitcoin, this means new Ether (ETH) can continue to be issued over time.

Consensus Mechanism

ETH uses a proof-of-stake consensus model, where validators must stake 32 tokens to propose and attest to the new blocks. They earn rewards for following the rules and staying active. If they act dishonestly or remain offline too long, they may be penalized through slashing, which reduces their staked ETH. This system encourages reliable participation and helps keep the network secure.

Transaction Processing

The Ethereum Virtual Machine (EVM) is a system running on each validator node, updating account balances and smart contract data. Ethereum handles approximately 15-30 transactions per second (TPS), with transactions typically confirmed in about 12-24 seconds. Full economic finality, ensuring transactions are nearly irreversible, is achieved in between 12-15 minutes.

Network Security & Ledger

Blocks are cryptographically linked to prior blocks, making the ledger immutable. Altering past records requires controlling over 51% of staked ETH, an economically infeasible task due to slashing penalties and validator costs. Peer verification by approximately 7,000 validators ensures trust and security without a central authority.

Environmental Impact

Post-2022 Merge the network consumes around 0.02 TWh of electricity annually. This is a 99.95% reduction from its prior proof-of-work system making Ethereum significantly more environmentally efficient since the upgrade.  

Additional Features

Gas fees regulate transaction costs, prioritizing efficiency. Ethereum offers pseudonymity, with transactions tied to public addresses, not real identities. The ERC-20 and ERC-721 token standards support the network’s decentralized finance (DeFi) ecosystem, as well as stablecoins and non-fungible tokens (NFTs).

ETH to CAD: Conversion rates

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How to buy Ethereum on Newton

1. Create an account. Most new users are quickly reviewed within a matter of minutes. You can also enable 2-factor authentication for stronger security.

2. Connect your bank account and use e-transfers to instantly fund and withdraw on Newton, a regulated crypto platform.

3. Start buying and selling crypto from your web browser or mobile device. Be aware of cryptocurrency volatility.

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ETH to CAD: FAQ

How do I convert ETH to CAD?

You can use our ETH to CAD calculator at the top of this page to convert any amount of ETH into Canadian Dollars.

Prefer viewing a quick reference guide? Scroll up to check out our asset conversion tables that are populated with the most common conversions. For example $5 CAD is equal to approximately ... ETH, while 5 ETH is worth about ... CAD.

Can I use CAD to buy Ethereum (ETH)?

Canadians can legally buy, hold, spend, or sell Ethereum (ETH) through regulated crypto platforms like Newton or through decentralized peer-to-peer networks.

How much is 1 Ethereum in CAD?

Today, Ethereum is valued at ... .

How much Ethereum can I get for $1 CAD?

At the current exchange rate, 1 Canadian Dollar equals ... ETH.

How much Ethereum can I buy?

You can buy as much Bitcoin (BTC) as your available account balance and individual risk tolerance allow, since there is no maximum limit. Use our converter to estimate the exchange rate. Or start with as little as $10 CAD, which is the minimum deposit amount.