EthereumFog ETF: Decentralized Computing Storage Network?
Fog computing refers to the process of prolonging the cloud computing to the enterprise's network edge. This procedure grants an undisturbed operation likewise for the storage assistance and device & datacenter networking.
What Is EthereumFog ETF?
EthereumFog ETF has been in procession for some time now, and it is an ETH fork. EthereumFog ETF launched much earlier than the proposed launching date which was expected to be next year.
Two very prominent cryptocurrency exchanges, Binance and Kucoin announced their backing of this fork on their websites, and it is essential information. The new chain that had the ETF ticker code was created by the application of the EthereumFog ETF in block 4,730,660.
Properties Of EthereumFog ETF
An interesting fact about Ethereum Fog is that it makes use of the same Ethereum consensus algorithm, this means that it can reduce the adaptability problems faced while using the ETH blockchain. The usual problem can be solved or reduced as a result of the fact that it is a modified certain of the Ethereum algorithm that was used to make EthereumFog ETH.
Ethereum Fog had the capability of paving the way got a decentralized storage network that is much larger. This invariably means that the Ethereum Fog can give the better excess to allow for more network transparency. Network transparency is whatever cryptocurrency strives to have, and Ethereum fog possesses the ability to increase the transparency of the network, and this is a big advantage.
Cryptocurrency Exchanges That Support ETF
Kucoin which is an online cryptocurrency exchange announced on their website that they will support this token. This exchange also announced on their website that they would start the dispersion of the currency exchange in a ratio of 1:1 which means 1 ETF=1 ETH.
Binance also announced on their website that ETF tokens distribution has completed and that once the blockchain is stable, withdrawals will be made available. This means that for withdrawals to take place, the blockchain has to be completely stable.
According to research and data collections, the various cryptocurrency exchanges support this forked token: Coinegg, Bite.ceo, Hong Kong Shangya exchange, XBrick, Hash Token, DragonEX, CoinX, U-Coin, BTC-Trade, Coolcoin, and Lbank.
However, according to the Hong Kong Shangya exchange, the rate of 1 ETF is at about $187.2, this process occurred on the 24th of December.
Procedure For Signing Up
The signing up procedure is quite easy and straightforward. The instructions for signing up are available on the website, so individuals that are willing to join the ETF movement scheme should visit the website of the company and follow the instructions available there. Company representatives can also be contacted in the event that customers have any queries or issues to resolve.
EthereumFog ETF Conclusion
From the review of the EthereumFog, it is obvious that this ETH fork has the potential to be great as well as long-term sustainability. EthereumFog ETF is the best bet for solving the various issues concerning Ethereum.