Ethereum’s DAO Forking Crisis: The Bitcoin Perspective

Bitcoin Watch Shop

Ethereum is in a state of crisis. “The DAO” (Decentralized Autonomous Organization), a code-based and leaderless investment car that crowd-funded a record-breaking 150 million USD value of ether, was suddenly drowned by an different hacker dual weeks ago. About a third of all invested sky – some 4 percent of a sum sky supply – is now sitting in a supposed “Child DAO”, watchful until it can be cold in another dual weeks from now.

This presents a Ethereum village with a tough choice and three* categorical options. First, a village can confirm to “do nothing” and concede a hacker to repel his funds. Second, a village can muster a soothing flare to solidify any supports compared with The DAO, ensuring a assailant can't repel any of it*. And third, a village can muster a tough flare to radically “roll back” a whole existence of The DAO on a protocol-level, take behind a mislaid supports and give it all behind to a strange investors.

The DAO in no approach affects Bitcoin, and a choice is essentially to be done by a Ethereum community. But a penetrate and selected resolution might pull a sheer and revelation contrariety with Bitcoin, and a Bitcoin

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