Leaderless DAO Put to the Test Following Ethereum Vulnerability

Leaderless DAO Put to the Test Following Ethereum Vulnerability

A vulnerability in the way some developers are implementing Ethereum has resulted in a last-minute fix to The DAO, a distributed autonomous organization with over $150m at its disposal to invest in Ethereum-based projects. Without a leader or any formal security team to identify and fix potential security threats, that responsibility falls to an open-source community comprised of members who bought voting rights in the organization with ether as part of its creation phase. While the identities of some of those involved are still unclear, the method by which the vulnerability was identified....


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