The developers of Ethereum, a decentralized platform for applications, have given the community a chance to decide whether the Ethereum network should temporarily freeze the funds handled by the DAO in its version 1.4.7 of Geth (“Dao Wars”).
The DAO, also known as the distributed autonomous organization, had more than 3 million ETH removed from its stores on June 17. The Ethereum foundation and its founder Vitalik Buterin were quick to respond to the issue, but weren’t able to implement a temporary solution to prevent the leak of funds.
The Ethereum foundation and its developers are currently attempting to recover some of the funds without implementing a hard fork or any kind of invasive action that could cause harm to the Ethereum protocol.
One solution that has been proposed by the developers of Ethereum is a consensus-based model in which the community can vote to implement a soft fork that would ultimately decide whether certain transactions will be put on hold or frozen.