Fog is the first cryptocurrency that protects the privacy of your transactions by employing advanced cryptography and self-regulated token mixing via smart contract. As an ERC20-compliant token running on the Ethereum network, Fog is unrivaled and primed to be the most decentralized and secure privacy-centric cryptocurrency.Fog is an advanced, private, and secure ERC20-compliant cryptocurrency running on the Ethereum network. With the Metropolis phase of Ethereum nearing completion, one of the main features being that is being incorporated is zk-SNARKs, which is the technology that Zcash uses to achieve private transactions. Ethereum will soon have the same abilities, and Fog has been made to put those abilities to use.
Ethereum's ability to run smart contracts allows Fog to take the privacy of Zcash and expand on it in ways never before possible. The Fog Internal Mixer (Intermix) is a smart contract token mixing pool that is similar to Zcash's shielded pool, but on a grand scale. However, it is 100% decentralized, automatic, and requires zero trust.
25% of all FOG tokens that will ever exist are held in the Intermix. All encrypted Fog transactions are sent to the Intermix and automatically mixed with the 12.5 million FOG tokens that it will permanently hold. When one goes in one goes out, but never the same one. By design, the Intermix will always have the same amount of FOG tokens. As sophisticated and technical a process as it is, from the user's point of view it is no different than sending or receiving any other coin or token. All the work happens behind the scenes seamlessly.
A user makes a private transaction by using the Fog Wallet, which encrypts and sends a zero-knowledge proof (encrypted transaction information) to the Intermix which resides on the Ethereum network, safe from any 3rd party interference. The When the encrypted transaction is received by the Intermix, the transaction information is decrypted without ever publicly revealing the transaction information.
When a recipient of a Fog transaction receives a payment, it is paid to them by the Intermix with completely different tokens than those which were sent by the sender. Blockchain analysis tools are ineffective and show no link between the sender/reciver. The amount that the Intermix sends is always exactly the same amount it received, so the amount/percentage of FOG the Intermix holds will always stay the same. This system is the Fog protocol and intended to be open source.
Everything Fog does is completely automatic and just works. Please read the Whitepaper for technical details.
