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Poloniex Renames ETHW as EthereumFair (ETF), Resumes ETF Trading

Poloniex Renames ETHW as EthereumFair (ETF), Resumes ETF Trading


Cryptoknowmics
2022-09-16 11:11:54
Poloniex Renames ETHW as EthereumFair (ETF), Resumes ETF Trading

On September 15, the Poloniex exchange selected EthereumFair (ETF) as the main forked chain of the ETH Proof-of-Work (PoW) protocol. Poloniex had previously said it favored ETHW, but it has since modified its position because ETF is “supported by the community’s majority.” Poloniex has renamed #ETHW as @EthereumFair #ETF and resumed the trading of ETF markets (USDT, USDD, ETH) on Sep 15, at 13:15 (UTC). The trading history of ETHW markets is inherited by the corresponding ETF markets. Details: https://t.co/CobIKrUnfK pic.twitter.com/aTAGWpSqus — Poloniex Exchange (@Poloniex) September 15, 2022 EthereumFair (ETF) Fork Chain On September 15, 2022, at 06:43 (UTC), Ethereum finished its hard fork upgrade known as “The Merge,” with a block height of 15537393. Based on the market conditions, user and community consensus, and the fork chain EthereumFair (ETF), which has the higher PoW processing power and is supported by the majority of the community, Poloniex has chosen to adopt it as the main chain for ETHW tokens. Depending on the situation, Poloniex will support other fork chains and coins. Additionally, Poloniex warns customers that the ETH fork chain may stop operating owing to a lack of computing power or potential lack of support from the developer or community. Consequently, this could result in the fork tokens losing value or being removed from Poloniex. The cryptocurrency exchange also stated that it does not guarantee any...

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