One Month After Ethereum Hard Fork, Millions in DAO Funds Remain Unclaimed
It's now been one month since a hard fork of the ethereum blockchain resulted in 11.6m ether being moved to an account with one function: withdraw. At the time, that was about $145m worth of the digital currency just waiting for former investors, and within hours of its creation, nearly half of those funds had been claimed. Today, however, the rate of withdrawal has come to a near standstill. Over the last week, the withdrawal account's balance has dropped from 2.39m ETH to just 2.29m ETH today. At today's rate, that leaves more than $25.9m worth of ether still unclaimed. Who owns this....
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Millions of dollars worth of ether remain unclaimed from a smart contract established for the purpose of allowing investors in The DAO to recover funds compromised in the project's demise. Of the 11.6m ETH moved to the contract by way of a change to the underlying ethereum platform's code earlier this week, just over half (about 60%) of the funds, or about 6.85m ETH, have so far been withdrawn. The remaining 4.75m ETH, worth about $68m at today's USD exchange rate, continues to be available to potential investors. However, the withdrawal rate, at press time, seems to have slowed....
Ethereum Classic is all set to get a hard fork of its own soon to counter the sustained DOS attack. Ethereum Classic is on its way to get a hard fork in the next two days. Ethereum recently split into two blockchains following a hard fork introduced by the Ethereum development team a few months ago. The hard fork resulted in two versions — Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum continued to operate on the new fork, a portion of the cryptocurrency community decided to continue with the original Ethereum blockchain, calling it Ethereum Classic. Ethereum recently came under....
According to Roger Ver, the outcome of Ethereum’s hard fork was considered a good thing by the market. The cryptocurrency investor noted that, since the #2 cryptocurrency split into Ethereum and Ethereum Classic following the theft resulting from the hack of the DAO, the combined value of both forks is now equal to greater than the original total value of a unified Ethereum: Ethereum fork meant to isolate stolen funds. Following a hack of the DAO involving the theft of millions of Ether, the Ethereum community decided a hard fork was in the best interests of the cryptocurrency. The....
Ethereum hard forked today. As per what seemed to be the popular demand, the protocol rules have been updated incompatibly with the existing Ethereum protocol. Users have essentially moved to a new blockchain and left the old one behind. At time of publication, well over 90 percent of hash power on the Ethereum network had moved to the new chain. This fork effectively reverts the existence of the DAO and will reclaim almost all funds taken by an attacker a month ago, to return them to the original investors. But the hard fork also marks the launch of a spin-off project: Ethereum Classic.....
The highly anticipated Ethereum hard fork is expected to launch on August 4 at block height 12,965,000 according to Ethereum core developers. The London hard fork will add five Ethereum Improvement Proposals (EIPs) that aim to enhance the blockchain. However, the Berlin hard fork was postponed after a vulnerability was identified by the audit company Chainsecurity and the London hard fork could be delayed as well. London Hard Fork Scheduled for August 4, 2021 Ethereum’s London hard fork is one of the most long-awaited changes in quite some time and will follow the recently....