Tag: The DAO

At around 14:30 UTC today, the 192,00th block of the Ethereum blockchain was mined, signalling a switch to a new blockchain in which the misappropriated DAO funds are returned to the original investors. It is an important milestone for the nascent blockchain, but the implications over the long run have yet to be realized. The news is being met with…

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ETH-USD is currently down over 3 percent on the Kraken exchange, trading at $12.04536 at the time of writing. Even though a ‘hard-fork’ has been proposed to address the attack on The DAO, uncertainty over the outcome of this solution has plagued the market and seen sellers dominate. Exchanges will hold a lot of power once the hard fork comes into…

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The developers of Ethereum, a decentralized platform for applications, have given the community a chance to decide whether the Ethereum network should temporarily freeze the funds handled by the DAO in its version 1.4.7 of Geth (“Dao Wars”). The DAO, also known as the distributed autonomous organization, had more than 3 million ETH removed from its stores on June 17….

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Following the attack on one of Ethereum’s main applications, the DAO, where $50 million worth of ether (ETH) was moved to another entity, a debate about the proposed solutions has raged on in the community. The DAO is a digital pool of funds governed by code and the latest responses to a proposal to change the underlying code have drawn…

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