Ethereum is a blockchain similar to the Bitcoin blockchain, but includes additional functionality that allows smart contracts and applications to run on it. This allows all the computers on the network to act as a giant decentralised computer, and third-party applications can be run by this giant computer.
The users of the applications pay developers and miners to run their applications with Ether. Hundreds of applications and platforms now operate on the Ethereum blockchain, and require Ether to do so. Ether therefore derives its value by being necessary for anyone using the network.
How to trade Ethereum?
To trade ethereum’s token, you generally need access to an exchange, along with a virtual wallet which can take several days to acquire.
But when you trade CFDs on Ether you never actually own the cryptocurrency. This means all you need is an Eightcap trading account.