The DAO Becomes The Largest Crowdfund To Date
The programmable token Ethereum and its blockchain have been breaking the mould ever since its pre-sale was announced back in July of 2014. It launched with its initial sale in September of the same year and raised over $18.3 million USD becoming the sixth largest crowdfund to date. Following the exponential growth of Ethereum, developers who help maintain the community and Ether protocol have created a decentralized autonomous organization called the DAO. The platform is built to support fund Ether projects and has recently skyrocketed past the Ethereum pre-sale becoming the biggest....
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A new revelation about the DAO has come in from the publication Hacking, Distributed written by researchers and cryptographers Dino Mark, Vlad Zamfir, and Emin Gün Sirer. The three have written a 13-page paper describing potential attacks to the DAO ecosystem called “A Call for a Temporary Moratorium on The DAO.” So far the DAO has raised 12.07 million Ether equivalent to $132.32 million USD at the time of writing. The DAO pre-sale is officially closed. The project has so far been the largest crowdfund to date and holds roughly 14% of the Ether in existence. The researchers from Hacking,....