The DAO Hack That Changed Ethereum Forever

In 2016 Ethereum was still young and full of excitement A massive project called The DAO launched as a decentralized venture fund run entirely by code and it raised over $150 million from investors

But the smart contract had a flaw A hacker exploited it and began draining millions worth of ETH The community was in shock faced with a brutal choice — do nothing and let the hack stand or rewrite history to get the funds back

They chose to fork the chain splitting Ethereum into two — Ethereum and Ethereum Classic It was controversial but it proved that communities not just code shape the future of blockchains

The DAO Hack That Changed Ethereum Forever

In 2016 Ethereum was still young and full of excitement A massive project called The DAO launched as a decentralized venture fund run entirely by code and it raised over $150 million from investors

But the smart contract had a flaw A hacker exploited it and began draining millions worth of ETH The community was in shock faced with a brutal choice — do nothing and let the hack stand or rewrite history to get the funds back

They chose to fork the chain splitting Ethereum into two — Ethereum and Ethereum Classic It was controversial but it proved that communities not just code shape the future of blockchains

https://en.wikipedia.org/wiki/The_DAO_(organization)