Today marks the 4th anniversary since the downfall of the first DAO the world has seen. With the goal of funding the Ethereum ecosystem development, it attracted 11.5m ETH or $2.7 billion in today’s money. Due to incessant hack attacks, it soon started leaking gas and the whole thing blew up. Grown-ups wept like toddlers, Ethereum was forked, faith was lost and a dark age for DAOs had begun…
Fork The World Hackathon
Fork The World Hackathon
Today marks the 4th anniversary since the downfall of the first DAO the world has seen. With the goal of funding the Ethereum ecosystem development, it attracted 11.5m ETH or $2.7 billion in today’s money. Due to incessant hack attacks, it soon started leaking gas and the whole thing blew up. Grown-ups wept like toddlers, Ethereum was forked, faith was lost and a dark age for DAOs had begun…