{"id":1067,"date":"2016-07-27T20:12:00","date_gmt":"2016-07-27T20:12:00","guid":{"rendered":"https:\/\/blog.holytransaction.com\/2016\/07\/ethereum-hard-fork-to-prevent-another-dao-collapse.html"},"modified":"2020-09-13T15:56:25","modified_gmt":"2020-09-13T13:56:25","slug":"ethereum-hard-fork-to-prevent-another-dao-collapse","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/07\/ethereum-hard-fork-to-prevent-another-dao-collapse.html","title":{"rendered":"Ethereum Hard Fork to prevent another DAO collapse"},"content":{"rendered":"<div style=\"clear: both; text-align: center;\"><a style=\"margin-left: 1em; margin-right: 1em;\" href=\"https:\/\/4.bp.blogspot.com\/-DGalLx0XT2A\/V5kVmWQVBlI\/AAAAAAAAAqY\/9vdaltTK4Hwa62j3RYqMB-5vnaDj6LiCwCLcB\/s1600\/crack-1168416.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"ethereumhardfork.jpeg\" src=\"https:\/\/4.bp.blogspot.com\/-DGalLx0XT2A\/V5kVmWQVBlI\/AAAAAAAAAqY\/9vdaltTK4Hwa62j3RYqMB-5vnaDj6LiCwCLcB\/s400\/crack-1168416.jpg\" alt=\"ethereum_hard_fork\" width=\"400\" height=\"291\" border=\"0\" \/><\/a><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Today <b>Ethereum founder Vitalik Buterin<\/b> released a <b>new statement <\/b>explaining that\u00a0<b>Ethereum Foundation<\/b>\u00a0will support the Ethereum hard fork, or the blockchain version that includes the hard fork.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The project\u2019s goal is to allow <b>investors to recover funds<\/b>\u00a0lost in the <b>DAO collapse<\/b>.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><a href=\"https:\/\/holytransaction.com\/blog\/?s=dao&#038;submit=Search\">The DAO<\/a> was the Ethereum Foundation\u2019s most important project, holding at one time $160m in investor capital in Ethereum cryptocurrency.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><a href=\"https:\/\/blog.ethereum.org\/2016\/07\/26\/onward_from_the_hard_fork\/\">The original Buterin statements<\/a> was not so clear about how the Ethereum Foundation will support the primary Ethereum blockchain and the Classic one.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<h3 style=\"text-align: justify;\">A new Ethereum Hard Fork to prevent attacks<\/h3>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">But the foundation decided for the <b>Ethereum hard fork<\/b>, executed <a href=\"http:\/\/www.coindesk.com\/ethereum-executes-blockchain-hard-fork-return-dao-investor-funds\/\">roughly one week ago<\/a>, while indicating it would not seek to hinder progress on any alternative ethereum projects, such as <a href=\"http:\/\/www.coindesk.com\/ethereum-hard-fork-creates-competing-currencies-support-ethereum-classic-rises\/\">Ethereum Classic<\/a>.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><i>&#8220;We recognize that the ethereum code can be used to instantiate other blockchains with the same consensus rules, including testnets, consortium and private chains, clones and spin-offs, and have never been opposed to such instantiations,&#8221; <\/i>wrote Buterin in the announcement.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Also, Buterin encouraged the <b>Ethereum Classic<\/b> team to <b>execute another hard fork<\/b> to prevent other attacks by moving classic ethers to new accounts.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Today Ethereum founder Vitalik Buterin released a new statement explaining that\u00a0Ethereum Foundation\u00a0will support the Ethereum hard fork, or the blockchain version that includes the hard fork. The project\u2019s goal is to allow investors to recover funds\u00a0lost in the DAO collapse. The DAO was the Ethereum Foundation\u2019s most important project, holding at one time $160m in [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,161,270,271,320,669],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Hard Fork to prevent another DAO collapse -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2016\/07\/ethereum-hard-fork-to-prevent-another-dao-collapse.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Hard Fork to prevent another DAO collapse\" \/>\n<meta property=\"og:description\" content=\"Today Ethereum founder Vitalik Buterin released a new statement explaining that\u00a0Ethereum Foundation\u00a0will support the Ethereum hard fork, or the blockchain version that includes the hard fork. 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