Difference between revisions of "DAO"

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	A well-known example, intended for venture capital funding, was [[The DAO]], which amassed $150 million in crowdfunding in May 2016, and was hacked and drained of US$50 million in cryptocurrency weeks later. The hack was reversed in the following weeks, and the money restored, via a hard fork of the [[Ethereum]] blockchain. Most [[Ethereum]] miners and clients switched to the new fork while the original chain became [[Ethereum Classic]].<ref>https://en.wikipedia.org/wiki/Decentralized_autonomous_organization</ref>		A well-known example, intended for venture capital funding, was [[The DAO]], which amassed $150 million in crowdfunding in May 2016, and was hacked and drained of US$50 million in cryptocurrency weeks later. The hack was reversed in the following weeks, and the money restored, via a hard fork of the [[Ethereum]] blockchain. Most [[Ethereum]] miners and clients switched to the new fork while the original chain became [[Ethereum Classic]].<ref>https://en.wikipedia.org/wiki/Decentralized_autonomous_organization</ref>

			== References ==