The news of the Ethereum DAO hacker attack is riding high and of course it brings lots of damages for the ethereum investors who stored about $150m of the cryptocurrency.
However, it is always a good behavior to understand and see the other side of the coin, we would say.
In fact, any negative event can allow to have a better environment and more secure technologies.
A similar thing happened with the
Mt Gox disaster, when we learned that an exchange must be built with more care and attention.
As
Matthew Spoke, co-founder and CEO of
blockchain startup Nuco, explained on
Coindesk.
“the DAO attack will likely be reversed, as per Vitalik’s proposal; owners of TDT will be able to retrieve their ETH after the proposed hard fork; The DAO will be emptied of its investments; and future distributed autonomous organizations will learn from the lessons”.
Ethereum DAO: what happened?
On June 17th, an unknown hacker (or a group of hackers) stole $60m in Ethereum coins from the DAO, a decentralized autonomous organization that used the
Ethereum Blockchain to leverage smart contracts and to provide a platform where people can vote and fund projects.
Previously last week the DAO experienced another issue but it was fixed soon by the open-source community and the Etheruem DAO structure and problem-solving techniques.
Universal Wallet
If you want to have a safe and secure wallet to store your Ethereum, you should visit
HolyTransaction.
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