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Examine the forked tokens now that Ethereum’s hard fork upgrade, The Merge, has been completed successfully.After the upgrade, the cryptocurrency exchange Poloniex, which had been actively advocating the prospect of forked tokens, released a statement. According to the exchange, it made the decision to go with the fork chain<a href="https://www.coingabbar.com/en/crypto-currency/ethereumfair-etf-prices-usd" rel="noopener noreferrer nofollow"> EthereumFair (ETF)</a>, “which is backed by the majority of the community.” Not only is ETF the main chain for ETHW coins, but it also has higher proof of work computing capacity, according to the statement.The ETHW coin Poloniex indicated would support in the event of a hard fork after the upgrade is not the same as the EthereumFair (ETF).Describe EthereumFair (ETF)Nevertheless, depending on the quality of the other fork chains and tokens, Poloniex will also support them. As a result, the coin previously identified as the potential fork token, ETHW, will be given a new name. ETHW was initially named after the now-defunct proof of work consensus for Ethereum (POW). The release indicated that the ETHW token will now be known as ETF.In the interim, Poloniex announced that it would offer additional legitimate Ethereum fork tokens for trading in the following days. The ETF token has not yet been made available for withdrawal or deposit. It was anticipated that ETHW would compete with<a href="https://www.coingabbar.com/en/crypto-currency/ethereum-classic-etc-prices-usd" rel="noopener noreferrer nofollow"> Ethereum Classic</a> before The Merge (ETC). It is unclear how they would do in the short run, though, given the decline in cryptocurrency values that followed the conclusion of the Merge.Probability Of ETF DelistingThe exchange also mentioned that the fork chain might stop operating because of a shortage of processing power. The termination can also take place since there may not be any developer or community support. This could result in the fork tokens losing value or being removed from Poloniex.Ethereum’s price is at $1,505, down 8.5% over the past day, according to market monitoring service<a href="https://www.coingabbar.com/" rel="noopener noreferrer nofollow"> CoinGabbar</a>. On the other hand, Ethereum Classic is currently trading at $37.19 after losing 5.54% over the previous day.

What Is Fork Chain and What Does It Mean for EthereumFair (ETF)?

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