Friday , 23 February 2018

Tag Archives: DAO

Blockchain Coders Win Grant to Fix Smart Contracts With ‘Legalese’

The mantra ‘move fast and break things’ may work well in traditional software, but as the demise of The DAO illustrated, the approach might not be right for experimental financial technologies. But in the wake of The DAO’s demise, new efforts are beginning to emerge that seek to address the challenges developers have so far faced working with smart contracts, the key …

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For Ether Investors, All Eyes Remain on Divisive Fork Debate

The price of ether, the native currency that powers the blockchain platform ethereum, sank yesterday following an Ethereum Foundation blog post that pointed out a flaw in a proposed plan meant to rescue funds lost in an attack on one of its signature projects, The DAO. The flaw would leave the distributed organization open to a denial of service (DOS) attack, and …

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Specter of Ethereum Hard Fork Worries Australian Banking Group

Everywhere the ethereum community looks for a solution to the collapse of The DAO, obstacles lay in its path. After news yesterday that a proposed soft fork solution carried with it a previously unidentified exploit, we’re now seeing an example of the kinds of objections Ethereum may face if a proposed hard fork is implemented. Speaking today at the Blockchain …

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New Vulnerability May Prevent Ethereum Soft Fork

The number of options available to the ethereum development community as it searches for a way to recover investor funds lost when The DAO was compromised is dwindling with news that a vulnerability in one of the more prominent solutions has been discovered. As it turns out, a soft fork that would have sought to blacklist the ether address that holds …

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Ether Prices Fluctuate Wildly Amid Ethereum Fork Concerns

The price of ether, the native digital asset powering the ethereum network, has fluctuated wildly over the last few days as its developers struggled to determine how to resolve the loss of investor funds at one of the platform’s signature projects. At issue is the loss of roughly 3.6m ETH taken from a distributed autonomous organization (DAO) called The DAO …

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Ethereum Developers Launch White Hat Counter-Attack on The DAO

Reports are emerging that members of the ethereum development community are moving funds from The DAO in attempt to stifle a new alleged attack. Developer Alex Van de Sande, lead designer for the Ethereum Foundation, took to Twitter to announce the move, which came shortly after word emerged on social media that more funds were being siphoned from contracts associated …

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Coinbase Co-Founder Cautions Against Ethereum Hard Fork

Digital currency exchange operator Coinbase is weighing in on the ongoing crisis with The DAO, the distributed autonomous organization (DAO) that recently saw millions in customer funds seized by an unknown individual or individuals through a code exploitation. In statements, Coinbase co-founder Fred Ehrsam said that he would prefer that ethereum’s developers avoid making changes to the blockchain platform’s code that …

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Why the Wrong Response to The DAO Attack Could Kill Ethereum

On 8th July, 2011, bitcoin’s first big bubble burst. It would go on to lose an astounding 94% of its value, eventually dropping from $31 to a mere $2. As you may have noticed, it has since recovered quite nicely. Ethereum is now in a moment of crisis. The DAO has been hacked, destroyed and a big chunk of funds …

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How to Sue The DAO Hacker

I woke this morning to the sound of dozens of message notifications in rapid succession. The DAO had been attacked. More than $50 million worth of ether had already been drained. At least one technical solution had already been proposed. Some people like it, some don’t. In addition to the technical remedies, some have asked about legal remedies that might be …

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The DAO Attacked: Code Issue Leads to $60 Million Ether Theft

The DAO, the distributed autonomous organization that had collected over $150m worth of the cryptocurrency ether, has reportedly been hacked, sparking a broad market sell-off. A leaderless organization comprised of a series of smart contracts written on the ethereum codebase, The DAO has lost 3.6m ether, which is currently sitting in a separate wallet after being split off into a separate grouping …

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