Scarlett
@v1nyl8
The concept of a decentralized autonomous organization (DAO) was pioneered by Ethereum founder Vitalik Buterin. In 2016, the DAO raised $150 million in Ethereum and was meant to be a decentralized venture capital fund. However, a hack compromised the smart contract, resulting in the loss of millions of dollars. This event led to a hard fork of the Ethereum blockchain, creating Ethereum Classic.
0 reply
0 recast
0 reaction