EthereumFog ETF: Legit Decentralized Computing Foundation?

Before we continue any further with this review, it is important for us to understand what Fog computing is. Simply put, Fog computing refers to the act of “extending cloud computing to the edge of an enterprise's network”. This allows for smoother platform operation, as well as for the facilitation of storage and networking between “end devices and cloud computing data centers.”

About EthereumFog ETF

In its core essence, EthereumFog ETF is an ETH fork that had been in the works for quite a while now. While its release was expected to be next year, it has been implemented earlier than forecasted. Additionally, it is important to note that Binance and KuCoin (two prominent crypto exchanges) have already announced their support for this fork on their respective websites.

At this point, it should also be mentioned that EthereumFog ETF was implemented on block 4,730,660, and as a result, created a new chain that possessed the ticker code ‘ETF’. It is also interesting to note that Ethereum Fog uses the same consensus algorithm as Ethereum, an thus has the potential to alleviate any problems that exist within the ETH blockchain in relation to scalability.

Not only that, Ethereum Fog also has the potential to pave the way for a “larger decentralized storage network”, thereby allowing for better access as well as more transparency within the network.

How Is All This Going to Work?

According to some media sources, online crypto exchanges such as KuCoin have already announced that they will be supporting this forked token, and will issue the currency( ETF) in a 1:1 ratio (i.e 1ETF = 1ETH).

In addition to this, Binance (another reputable crypto exchange) has mentioned on its website that the distribution of ETF tokens has been completed, and that withdrawals will be made available as soon as the blockchain is considered stable.

Which Exchanges Will Support ETF?

According to data collected from the official Ethereum Fog website, the exchanges that will be supporting this token include: COINEGG, Hong Kong Shangya Exchange, Bite.Ceo, XBrick, Hash Token, DragonEx, CoinX, U-Coin, BTC-Trade, CoolCoin, LBank.

From a pricing standpoint, we can see that the rate of 1 ETF according to Hong Kong Shangya Exchange is around $187.2 (as per the 24th of December).

How Do Is Sign Up?

To become part of the ETF movement, users can visit the official company website, and follow the instructions provided there. For any queries, users can get in touch with company representatives on hi@ethereumfog.org.