Tag - Ethereum

23
Jun

DAO Hack Jeopardizes the Future of Smart Contracts

With smart contract development focused on the Ethereum blockchain platform, the first DAO (Distributed Autonomous Organization) launched with an estimated $160 million in crowdfunds. On June 17, a hacker exploited bugs in Ethereum’s code and siphoned $60 million from the DAO. This heist affects DAO investors, along with many technical leaders, blockchain developers, and Ethereum …

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