Without smarter governance, blockchains will fall victim to more attacks

  • Without smarter governance, blockchains will fall victim to more attacks
  • The DAO is an online, investor-directed venture capital fund built on the Ethereum blockchain network.
  • It is perfectly legitimate to do whatever a smart contract’s code permits, even if this is beyond the original intention of those who wrote the code.
  • Started in 2014 by teenage programming prodigy Vitalik Buterin, the Ethereum network is unique for its pioneering use of “smart contracts”.
  • Upon closer examination though, The DAO was not hacked at all.

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@BitcoinNooz: “Without smarter governance, blockchains will fall victim to more attacks – #bitcoin”


Benjamin Dean,


Without smarter governance, blockchains will fall victim to more attacks