Ethereum Fog: ETH fork implemented

The fork of ETH blockchain Ethereum Fog was implemented earlier than it was scheduled and Binance and KuCoin exchanges announced support for the fork
18 December 2017   4919

Ethereum Fog is a fork of Ethereum Blockchain which was implemented on block 4,730,660, producing a new chain with the token ticker code “ETF” on December 14. Initially, the fork was scheduled to occur on January 1, 2018, but it was launched earlier than the planned date.

As it is stated on the website of Ethereum Fog, it uses the same consensus algorithm as the Ethereum, and aims to fix the problem of scalability, paving the way for a larger decentralized storage network, to create a decetrazlied world computing machine in the fog, and to build business partnerships for a large Fog ecosystem.

KuCoin exchange has announced its permanent support for all forked tokens and claimed that it has automatically taken a snapshot of all user ETH holdings and will issue ETF in a 1:1 ratio within 24 hours.

Moreover, Binance exchange has stated that the distribution of Ethereum Fog had been completed on December 17. Binance will announce the opening of withdrawals for ETF after the blockchain is deemed to be stable.

Buterin Donated $763k to Fight Possible AI Rise

Creator of Ethereum donated $763k worth ETH to Machine Intelligence Research Institute
22 February 2018   659

The non-profit organization Machine Intelligence Research Institute (MIRI), which studies potential hazards of artificial intelligence, published data on donations collected in December last year. As it turned out, 66% of the funds were received in the crypto currency, Bitcoin.com reports.

66% of the funds donated during the campaign were in the cryptocurrency (mostly Bitcoin and Ethereum). The largest transfer came in the end - $ 763,970 in Ether from Vitalik Buterin. This was the third largest donation in the history of the organization after a $ 1.25 million grant from the Open Philanthropy Project in October and $ 1.01 million in Ethereum in May.

It should be noted that the main goal of MIRI is to create a secure artificial intelligence, as well as to study the potential dangers and opportunities that may arise when creating AI. The organization has representative offices in the USA and Canada.

The total amount of MIRI donations in December 2017 was $ 2,515,148 - twice the initial target of $ 1.25 million.