2707:
2719:
2671:
2619:
2695:
231:
2643:
2683:
34:
2631:
406:
As an on-chain organization, The DAO claimed to be completely transparent, since everything was done by the code which anyone could see and audit. However, the complexity of the code base and the rapid deployment of the DAO meant that neither the coders, the auditors, nor the owners could ensure the
344:
associated with The DAO and recommended that investors in The DAO hold off from directing The DAO to invest in projects until the problems had been resolved. An
Ethereum developer on GitHub pointed out a flaw relating to "recursive calls". On June 9 it was blogged about by Peter Vessenes, founder of
486:
In May 2016, the plan called for The DAO to invest Ether into ventures. It would back contractors and receive in return "clear payment terms" from contractors. The organizers promoted The DAO as providing investors with a return on their investment via those "clear payment terms" and they warned
351:
On June 17, 2016, the DAO was subjected to an attack exploiting a combination of vulnerabilities, including the one concerning recursive calls, that resulted in the transfer of 3.6 million Ether - around a third of the 11.5 million Ether that had been committed to The DAO - valued at the time at
355:
Members of The DAO and the
Ethereum community debated what to do next, with some calling the attack unethical but valid, since it did not violate DAO rules as coded, while others called for the Ether to be re-appropriated and/or The DAO to be shut down. The DAO community manager, Griff Green,
547:(ICOs) and The DAO, examining "whether The DAO and associated entities and individuals violated federal securities laws with unregistered offers and sales of DAO Tokens in exchange for 'Ether,' a virtual currency." The SEC concluded that DAO tokens sold on the Ethereum blockchain were
399:, with no physical address or officials with formal authority. The theory underlying the DAO was that keeping operational power directly in the hands of owners, not delegated to managers, would ensure that invested funds would be used in the owners' best interests, thus solving the
506:
The DAO has a democratized organizational structure so that control can be spread among members, with no official leadership or regulation. Normally, there is no way to recover funds if a member mistakenly transfers cryptocurrency to the wrong wallet, including in case of fraud.
752:
When it reaches the end of the funding phase on May 28, it will begin contracting blockchain-based start-ups to create innovative technologies. The extraordinary thing about The DAO is that no single entity owns it, and it has no conventional management structure or board of
514:
The code behind The DAO had several safeguards against anyone capturing the voting rights of shareholders to win investments. However, this would not prevent fraudulent or over-optimistic proposals. A paper cited a "number of security vulnerabilities".
510:
Additionally, to function in the real world, contractors would likely need to convert the invested Ether into national currencies. In May 2016, attorney Andrew Hinkes said that those sales of Ether would likely depress its market value.
502:
protecting investors from individual legal and financial liability for actions taken by The DAO and its contractors. It was unclear if The DAO was selling securities, which are highly regulated, and if so, what type of securities.
414:
The DAO was intended to operate as "a hub that disperses funds (currently in Ether, the
Ethereum value token) to projects". Investors receive voting rights by means of a digital share token; they vote on proposals submitted by
322:
by 15 May 2016. On 17 May 2016, the largest investor in the DAO held less than 4% of all DAO tokens and the top 100 holders held just over 46% of all DAO tokens. The fund's Ether value as of 21 May 2016 was more than
1470:
1400:
250:
the
Ethereum blockchain to restore approximately all funds to the original contract. This split the Ethereum blockchain into two branches, each with its own cryptocurrency, where the original unforked blockchain continued as
1071:
601:
498:. Additional risks included the lack of legal precedents: it was unknown how governments and their regulatory agencies would treat The DAO's ventures and contracts. For example, legal systems might not acknowledge a
1512:"SEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities; U.S. Securities Laws May Apply to Offers, Sales, and Trading of Interests in Virtual Organisations. Press Release 2017-131"
457:-based digital currency exchange Bity SA. According to Jentzsch, DAO.Link was incorporated in Switzerland because local law allowed it to "take money from an unknown source as long as you know where it's going."
360:
to move the funds in The DAO to a recovery address where they could be exchanged back to
Ethereum by their original owners. However, some continued to use the original unforked Ethereum blockchain, now called
573:
434:
The DAO did not hold the money of investors; instead, the investors owned DAO tokens that gave them rights to vote on potential projects. Anyone could pull out their funds by the time they first voted.
635:
471:
described The DAO as "a paradigm shift in the very idea of economic organization. ... It offers complete transparency, total shareholder control, unprecedented flexibility, and autonomous governance."
356:
organized a volunteer group of coders known as The White Hat Group to recoup the funds in the other 500 wallets before they could also be hacked. Eventually on July 20, 2016, the
Ethereum network was
1117:
1205:
706:
1061:
1314:
593:
1466:
1036:
531:
start-up) were listed as seeking potential funding on the daohub.org website during the May "creation period". Both
Jentzsch brothers were involved in Slock.it as well.
352:
around $ 50 million. The funds were moved into an account subject to a 28-day holding period under the terms of the
Ethereum smart contract so were not actually gone.
940:
570:
246:
a vulnerability in The DAO code to enable them to siphon off one-third of The DAO's funds to a subsidiary account. The
Ethereum community controversially decided to
2739:
869:
450:
348:
On June 16, further attention was called to recursive call vulnerabilities by bloggers affiliated with the
Initiative for CryptoCurrencies & Contracts (IC3).
1560:
1374:
739:
632:
1456:
1396:
1592:
1556:
1114:
1143:
777:
998:
896:
808:
2579:
540:
1544:
1248:
1197:
1230:
438:
The DAO's reliance on Ether allowed people to send their money to it from anywhere in the world without providing any identifying information.
696:
2559:
385:
186:
44:
2711:
1349:
290:, where other contributors added to and modified the code. Simon Jentzsch, Christoph Jentzsch's brother, was also involved in the venture.
1304:
665:
834:
1273:
1269:
2569:
173:
2744:
1975:
1028:
1585:
1519:
1093:
930:
2549:
1980:
2661:
2026:
1685:
861:
772:
138:
400:
1630:
1370:
731:
243:
2463:
2100:
1557:
Experiments in Algorithmic Governance: An ethnography of "The DAO," a failed Decentralized Autonomous Organization
2749:
2635:
2623:
2589:
2564:
2544:
2219:
2209:
2021:
1578:
446:
345:
the Blockchain Foundation. By June 14, fixes had been proposed and were awaiting approval by members of The DAO.
2754:
2647:
2594:
2514:
2234:
286:
computer code behind the organization was written principally by Christoph Jentzsch, and released publicly on
1139:
2272:
2148:
2133:
1748:
990:
798:
767:
651:
2529:
2375:
2262:
2105:
2090:
2075:
2001:
1942:
1901:
1620:
904:
341:
441:
In order to provide an interface with real-world legal structures, the founders of The DAO established a
2584:
2539:
2199:
2169:
2110:
1922:
1896:
1887:
1640:
1635:
1625:
803:
544:
396:
216:
205:
197:
campaigns in history, but it ceased activity after much of its funds were taken in a hack in June 2016.
1227:
672:
Regulation of Financial Institutions eJournal: Social Science Research Network (SSRN). 5 December 2017.
2670:
1548:
427:
them. The profits from an investment will flow back to their stakeholders as specified in an on-chain
2204:
2128:
2095:
2080:
2006:
283:
224:
190:
20:
1172:
2385:
2138:
2070:
1263:"Report of Investigation Pursuant to Section 21(a) of the Securities Exchange Act of 1934: The DAO"
935:
310:
105:
2723:
2189:
2143:
1694:
1665:
1645:
969:
548:
1339:
963:
2446:
1927:
1655:
1650:
1344:
662:
495:
263:
247:
2687:
2604:
2554:
2534:
2390:
2370:
2340:
2065:
2060:
2041:
1798:
1457:"Ethereum's $ 150-Million Blockchain-Powered Fund Opens Just as Researchers Call For a Halt"
1435:
1397:"Ethereum's $ 150-Million Blockchain-Powered Fund Opens Just as Researchers Call For a Halt"
830:
528:
373:
362:
271:
252:
235:
201:
168:
1262:
2675:
2574:
2524:
2335:
1234:
1121:
1066:
701:
669:
639:
577:
423:
volunteer make sure the projects are legal and the contractors properly identified before
60:
1565:
Bitcoin and Beyond: The Challenges and Opportunities of Blockchains for Global Governance
571:
The DAO of accrue. A new, automated investment fund has attracted stacks of digital money
487:
investors that there was a "significant risk" that the ventures funded by them may fail.
407:
intended behavior of the organization, with the eventual attacker finding an unexpected
2400:
2330:
2280:
2184:
1961:
1932:
1704:
1699:
1670:
1601:
499:
428:
389:
54:
964:"Leaderless, Blockchain-Based Venture Capital Fund Raises $ 100 Million, And Counting"
2733:
2453:
1719:
1709:
1461:
491:
234:
Christoph Jentzsch at the Festival of the Future (Festival der Zukunft) from 1E9 and
633:
The “Autonomous Corporation” Called the DAO Is Not a Good Way to Spend $ 130 Million
2699:
1856:
1743:
337:
On 28 May 2016 the DAO tokens became tradable on various cryptocurrency exchanges.
294:
194:
1511:
1492:
Dhanani, Ali; Hausman, Brian J. (2022). "Decentralized Autonomous Organizations".
454:
230:
2599:
2488:
2360:
2224:
442:
220:
1422:
Morrison, Robbie; Mazey, Natasha C. H. L.; Wingreen, Stephen C. (27 May 2020).
193:. After launching in April 2016 via a token sale, it became one of the largest
2519:
2410:
2355:
2242:
2194:
2120:
1822:
1817:
1615:
1309:
524:
467:
209:
1440:
1423:
2350:
2252:
2179:
2085:
1937:
799:"The DAO: How the Employeeless Company Has Already Made a Boatload of Money"
357:
1198:"Digital currency Ethereum is cratering amid claims of a $ 50 million hack"
2682:
1424:"The DAO Controversy: The Case for a New Species of Corporate Governance?"
652:
The DAO: How the Employeeless Company Has Already Made a Boatload of Money
33:
2345:
2325:
2305:
2295:
2290:
2214:
2174:
2153:
2016:
1996:
1990:
1970:
1947:
1917:
1847:
1837:
1832:
1792:
1783:
1768:
1763:
1758:
1660:
1305:"The Tao of "The DAO" or: How the autonomous corporation is already here"
408:
393:
369:
331:
315:
267:
213:
161:
57:
219:
and had no conventional management structure or board of directors. The
144:
2493:
2458:
2415:
2310:
2285:
2257:
2031:
1773:
1738:
1094:"BTC Markets To Enable Trading Of The DAO Token On May 28 - EconoTimes"
63:
2468:
2395:
2315:
2300:
2247:
2051:
1985:
1877:
1827:
1808:
287:
1371:"The DAO Will Soon Become The Greatest Threat Banks Have Ever Faced"
258:
By September 2016, the value token of The DAO, known by the moniker
1570:
697:"Automated company raises equivalent of $ 120M in digital currency"
2498:
2436:
2420:
2380:
2365:
2320:
2036:
1861:
1729:
1029:"A Venture Fund With Plenty of Virtual Capital, but No Capitalist"
991:"Virtual company may raise $ 200 million, largest in crowdfunding"
293:
The DAO was launched on 30 April 2016 with a website and a 28-day
229:
99:
1753:
1675:
663:
The Decentralized Autonomous Organization and Governance Issues.
1574:
594:"Hacker May Have Taken $ 50 Million From Cybercurrency Project"
2441:
2405:
2011:
1228:
A $ 50 Million Hack Just Showed That The Dao Was All Too Human
628:
475:
16:
Early decentralized business based on the Ethereum blockchain
1247:
How Coders Hacked Back to ‘Rescue’ $ 208 Million in Ethereum
1115:
Paper Points Up Flaws in Venture Fund Based on Virtual Money
1567:, edited by Malcolm Campbell-Verduyn. Routledge (in press).
551:
and therefore possible violations of U.S. securities laws.
445:-based company, "DAO.Link", registered in Switzerland as a
1164:
1055:
1053:
330:
As of May 2016, The DAO had attracted nearly 14% of all
1140:"More Ethereum Attacks: Race-To-Empty is the Real Deal"
623:
621:
619:
1252:
From the original on 2017-07-24. Retrieved 3 Oct 2023.
2659:
1165:"The Initiative for Cryptocurrencies & Contracts"
862:"Poloniex to delist 27 altcoins including DSH and DA"
768:"Ethereum reinvents companies with launch of The DAO"
931:"Chiefless Company Rakes In More Than $ 100 Million"
2507:
2481:
2429:
2271:
2233:
2162:
2119:
2050:
1960:
1910:
1886:
1870:
1846:
1807:
1782:
1728:
1718:
1684:
1608:
1062:"The DAO Might Be Groundbreaking, But Is It Legal?"
690:
688:
686:
684:
682:
680:
678:
167:
157:
137:
120:
112:
97:
87:
77:
69:
50:
40:
1545:"Deconstructing The DAO Attack: A Brief Code Tour"
1494:Intellectual Property & Technology Law Journal
962:
1467:Institute of Electrical and Electronics Engineers
1333:
1331:
340:A paper published in May 2016 noted a number of
93:Stephan Tual, Simon Jentzsch, Christoph Jentzsch
891:
889:
887:
565:
563:
453:, SARL), apparently co-founded by Slock.it and
1109:
1107:
1022:
1020:
1018:
1016:
924:
922:
1586:
1298:
1296:
1294:
1191:
1189:
856:
854:
852:
266:from major cryptocurrency exchanges (such as
8:
725:
723:
132:
26:
474:The group's logo featured a capital letter
2642:
2426:
1725:
1593:
1579:
1571:
650:Brady Dale for The Observer. May 20, 2016
200:The DAO had an objective to provide a new
131:
25:
1439:
587:
585:
372:de-listed DAO trading pairs, followed by
274:). The DAO had in effect become defunct.
212:enterprises. It was instantiated on the
2666:
1516:U.S. Securities and Exchange Commission
559:
541:U.S. Securities and Exchange Commission
2740:Decentralized autonomous organizations
1226:Klint Finley for Wired. June 18, 2016
738:. Swinburne University of Technology.
2560:Decentralized autonomous organization
569:Staff, The Economist. May 21st, 2016
386:decentralized autonomous organization
314:(ETH)—the digital value token of the
187:decentralized autonomous organization
45:Decentralized autonomous organization
7:
2630:
300:The token sale had raised more than
872:from the original on 4 October 2016
837:from the original on 14 August 2016
327:, from more than 11,000 investors.
238:(Munich, Germany on July 22nd 2022)
204:business model for organizing both
1270:Securities and Exchange Commission
903:. 18 December 2016. Archived from
592:Popper, Nathaniel (17 June 2016).
14:
2570:Distributed ledger technology law
1377:from the original on 24 June 2016
1208:from the original on 11 June 2017
1074:from the original on 17 June 2016
1001:from the original on 10 June 2017
604:from the original on 20 June 2017
2717:
2705:
2693:
2681:
2669:
2641:
2629:
2618:
2617:
1543:Vessenes, Peter (18 June 2016).
1473:from the original on 30 May 2016
1403:from the original on 30 May 2016
1279:from the original on 9 June 2018
1245:Pearson, Jordan (24 July 2017).
811:from the original on 23 May 2016
527:venture), and Mobotiq (a French
451:Société à responsabilité limitée
189:and a form of investor-directed
32:
1522:from the original on 2017-10-10
1352:from the original on 2016-05-26
1338:Castillo, Andrea (2016-05-24).
1317:from the original on 2016-05-17
1175:from the original on 2017-02-14
1146:from the original on 2021-01-19
1060:Macheel, Tanaya (19 May 2016).
1039:from the original on 2016-05-27
961:Morris, David Z. (2016-05-15).
943:from the original on 2017-06-25
780:from the original on 2016-05-01
742:from the original on 2016-05-16
709:from the original on 2020-11-08
695:Waterss, Richard (2016-05-17).
1138:Vessenes, Peter (2016-06-09).
304:by 10 May 2016, and more than
1:
2712:Free and open-source software
1027:Popper, Nathan (2016-05-21).
447:limited liability corporation
773:International Business Times
732:"The radical DAO experiment"
730:Rennie, Ellie (2016-05-12).
318:network—by 12 May, and over
1631:Cryptographic hash function
1303:Bannon, Seth (2016-05-16).
1196:Price, Rob (17 June 2016).
766:Allison, Ian (2016-04-30).
490:The risks included unknown
297:to fund the organization.
2771:
1340:"Can a Bot Run a Company?"
929:Vigna, Paul (2016-05-16).
18:
2613:
2590:Initial exchange offering
2565:Decentralized application
2545:Cryptocurrency in Nigeria
31:
2595:List of cryptocurrencies
2482:Crypto service companies
2273:Cryptocurrency exchanges
1455:Peck, M. (28 May 2016).
1441:10.3389/fbloc.2020.00025
388:that exists as a set of
342:security vulnerabilities
2745:Cross-platform software
1555:DuPont, Quinn (2017). “
1428:Frontiers in Blockchain
401:principal–agent problem
2530:Complementary currency
1636:Decentralized exchange
1621:Cryptocurrency tumbler
545:initial coin offerings
543:published a report on
239:
2585:Initial coin offering
2540:Cryptocurrency bubble
2071:Basic Attention Token
1641:Decentralized finance
1626:Cryptocurrency wallet
831:"Hard Fork Completed"
804:The New York Observer
539:On 25 July 2017, the
233:
2580:Environmental impact
2550:Cryptocurrency scams
631:Technology Review.
242:In June 2016, users
191:venture capital fund
116:+18 000 stakeholders
21:Dao (disambiguation)
19:For other uses, see
2235:Inactive currencies
936:Wall Street Journal
523:Slock.it (a German
368:In September 2016,
134:
122:Number of employees
28:
1695:Proof of authority
1666:Non-fungible token
1646:Distributed ledger
1233:2016-07-26 at the
1120:2020-11-08 at the
907:on 12 October 2018
868:. 24 August 2016.
668:2018-06-04 at the
638:2016-06-02 at the
598:The New York Times
576:2017-11-18 at the
496:programming errors
376:in December 2016.
240:
133:The DAO (software)
2657:
2656:
2477:
2476:
1956:
1955:
1656:Lightning Network
1272:. July 25, 2017.
627:Tom Simonite for
419:, and a group of
180:
179:
130:
129:
2762:
2750:Cryptocurrencies
2722:
2721:
2720:
2710:
2709:
2708:
2698:
2697:
2696:
2686:
2685:
2674:
2673:
2665:
2645:
2644:
2633:
2632:
2621:
2620:
2605:Virtual currency
2555:Digital currency
2535:Crypto-anarchism
2427:
2180:HBAR (Hashgraph)
2163:Other currencies
1799:Ethereum Classic
1726:
1602:Cryptocurrencies
1595:
1588:
1581:
1572:
1552:
1547:. Archived from
1531:
1530:
1528:
1527:
1508:
1502:
1501:
1489:
1483:
1482:
1480:
1478:
1452:
1446:
1445:
1443:
1419:
1413:
1412:
1410:
1408:
1393:
1387:
1386:
1384:
1382:
1367:
1361:
1360:
1358:
1357:
1335:
1326:
1325:
1323:
1322:
1300:
1289:
1288:
1286:
1284:
1278:
1267:
1259:
1253:
1243:
1237:
1224:
1218:
1217:
1215:
1213:
1202:Business Insider
1193:
1184:
1183:
1181:
1180:
1161:
1155:
1154:
1152:
1151:
1135:
1129:
1111:
1102:
1101:
1090:
1084:
1083:
1081:
1079:
1057:
1048:
1047:
1045:
1044:
1024:
1011:
1010:
1008:
1006:
987:
981:
980:
978:
977:
966:
958:
952:
951:
949:
948:
926:
917:
916:
914:
912:
893:
882:
881:
879:
877:
858:
847:
846:
844:
842:
833:. 20 July 2016.
827:
821:
820:
818:
816:
795:
789:
788:
786:
785:
763:
757:
756:
748:
747:
727:
718:
717:
715:
714:
692:
673:
660:
654:
648:
642:
625:
614:
613:
611:
609:
589:
580:
567:
529:electric vehicle
363:Ethereum Classic
334:issued to date.
326:
321:
307:
303:
253:Ethereum Classic
236:Deutsches Museum
153:
150:
148:
146:
135:
102:
36:
29:
2770:
2769:
2765:
2764:
2763:
2761:
2760:
2759:
2755:Ethereum tokens
2730:
2729:
2728:
2718:
2716:
2706:
2704:
2694:
2692:
2680:
2668:
2660:
2658:
2653:
2609:
2575:Double-spending
2525:Blockchain game
2503:
2473:
2425:
2267:
2229:
2158:
2115:
2046:
1952:
1906:
1882:
1866:
1842:
1803:
1778:
1714:
1680:
1604:
1599:
1542:
1539:
1537:Further reading
1534:
1525:
1523:
1510:
1509:
1505:
1491:
1490:
1486:
1476:
1474:
1454:
1453:
1449:
1421:
1420:
1416:
1406:
1404:
1399:. 28 May 2016.
1395:
1394:
1390:
1380:
1378:
1373:. 25 May 2016.
1369:
1368:
1364:
1355:
1353:
1337:
1336:
1329:
1320:
1318:
1302:
1301:
1292:
1282:
1280:
1276:
1265:
1261:
1260:
1256:
1244:
1240:
1235:Wayback Machine
1225:
1221:
1211:
1209:
1195:
1194:
1187:
1178:
1176:
1163:
1162:
1158:
1149:
1147:
1137:
1136:
1132:
1122:Wayback Machine
1112:
1105:
1092:
1091:
1087:
1077:
1075:
1067:American Banker
1059:
1058:
1051:
1042:
1040:
1026:
1025:
1014:
1004:
1002:
997:. 17 May 2016.
989:
988:
984:
975:
973:
960:
959:
955:
946:
944:
928:
927:
920:
910:
908:
897:"DAO Delisting"
895:
894:
885:
875:
873:
860:
859:
850:
840:
838:
829:
828:
824:
814:
812:
807:. 20 May 2016.
797:
796:
792:
783:
781:
765:
764:
760:
745:
743:
729:
728:
721:
712:
710:
702:Financial Times
694:
693:
676:
670:Wayback Machine
661:
657:
649:
645:
640:Wayback Machine
626:
617:
607:
605:
591:
590:
583:
578:Wayback Machine
568:
561:
557:
537:
521:
484:
463:
382:
325:US$ 150 million
324:
320:US$ 100 million
319:
305:
301:
280:
149:/blockchainsllc
143:
123:
98:
90:
80:
61:venture capital
24:
17:
12:
11:
5:
2768:
2766:
2758:
2757:
2752:
2747:
2742:
2732:
2731:
2727:
2726:
2714:
2702:
2690:
2678:
2655:
2654:
2652:
2651:
2639:
2627:
2614:
2611:
2610:
2608:
2607:
2602:
2597:
2592:
2587:
2582:
2577:
2572:
2567:
2562:
2557:
2552:
2547:
2542:
2537:
2532:
2527:
2522:
2517:
2511:
2509:
2508:Related topics
2505:
2504:
2502:
2501:
2496:
2491:
2485:
2483:
2479:
2478:
2475:
2474:
2472:
2471:
2466:
2461:
2456:
2451:
2450:
2449:
2439:
2433:
2431:
2424:
2423:
2418:
2413:
2408:
2403:
2398:
2393:
2388:
2383:
2378:
2373:
2368:
2363:
2358:
2353:
2348:
2343:
2338:
2333:
2328:
2323:
2318:
2313:
2308:
2303:
2298:
2293:
2288:
2283:
2277:
2275:
2269:
2268:
2266:
2265:
2260:
2255:
2250:
2245:
2239:
2237:
2231:
2230:
2228:
2227:
2222:
2217:
2212:
2207:
2202:
2197:
2192:
2187:
2182:
2177:
2172:
2166:
2164:
2160:
2159:
2157:
2156:
2151:
2146:
2141:
2136:
2131:
2125:
2123:
2117:
2116:
2114:
2113:
2108:
2103:
2098:
2093:
2088:
2083:
2078:
2073:
2068:
2063:
2057:
2055:
2048:
2047:
2045:
2044:
2039:
2034:
2029:
2024:
2019:
2014:
2009:
2004:
1999:
1994:
1988:
1983:
1978:
1973:
1967:
1965:
1962:Proof of stake
1958:
1957:
1954:
1953:
1951:
1950:
1945:
1940:
1935:
1933:Nervos Network
1930:
1925:
1920:
1914:
1912:
1908:
1907:
1905:
1904:
1899:
1893:
1891:
1884:
1883:
1881:
1880:
1874:
1872:
1868:
1867:
1865:
1864:
1859:
1853:
1851:
1844:
1843:
1841:
1840:
1835:
1830:
1825:
1820:
1814:
1812:
1805:
1804:
1802:
1801:
1796:
1789:
1787:
1780:
1779:
1777:
1776:
1771:
1766:
1761:
1756:
1751:
1746:
1741:
1735:
1733:
1723:
1716:
1715:
1713:
1712:
1707:
1705:Proof of stake
1702:
1700:Proof of space
1697:
1691:
1689:
1682:
1681:
1679:
1678:
1673:
1671:Smart contract
1668:
1663:
1658:
1653:
1648:
1643:
1638:
1633:
1628:
1623:
1618:
1612:
1610:
1606:
1605:
1600:
1598:
1597:
1590:
1583:
1575:
1569:
1568:
1553:
1551:on 2018-01-28.
1538:
1535:
1533:
1532:
1503:
1484:
1447:
1414:
1388:
1362:
1327:
1290:
1254:
1238:
1219:
1185:
1156:
1130:
1126:New York Times
1103:
1100:. 20 May 2016.
1085:
1049:
1033:New York Times
1012:
982:
953:
918:
901:Kraken website
883:
866:Economic Times
848:
822:
790:
758:
736:Swinburne News
719:
674:
655:
643:
615:
581:
558:
556:
553:
536:
533:
520:
517:
500:corporate veil
492:attack vectors
483:
480:
462:
459:
429:smart contract
384:The DAO was a
381:
378:
306:US$ 50 million
302:US$ 34 million
279:
276:
223:of the DAO is
185:was a digital
178:
177:
171:
165:
164:
159:
155:
154:
141:
128:
127:
124:
121:
118:
117:
114:
110:
109:
103:
95:
94:
91:
88:
85:
84:
81:
78:
75:
74:
71:
67:
66:
55:Cryptocurrency
52:
48:
47:
42:
38:
37:
15:
13:
10:
9:
6:
4:
3:
2:
2767:
2756:
2753:
2751:
2748:
2746:
2743:
2741:
2738:
2737:
2735:
2725:
2715:
2713:
2703:
2701:
2691:
2689:
2684:
2679:
2677:
2672:
2667:
2663:
2650:
2649:
2640:
2638:
2637:
2628:
2626:
2625:
2616:
2615:
2612:
2606:
2603:
2601:
2598:
2596:
2593:
2591:
2588:
2586:
2583:
2581:
2578:
2576:
2573:
2571:
2568:
2566:
2563:
2561:
2558:
2556:
2553:
2551:
2548:
2546:
2543:
2541:
2538:
2536:
2533:
2531:
2528:
2526:
2523:
2521:
2518:
2516:
2513:
2512:
2510:
2506:
2500:
2497:
2495:
2492:
2490:
2487:
2486:
2484:
2480:
2470:
2467:
2465:
2462:
2460:
2457:
2455:
2454:LocalBitcoins
2452:
2448:
2445:
2444:
2443:
2440:
2438:
2435:
2434:
2432:
2428:
2422:
2419:
2417:
2414:
2412:
2409:
2407:
2404:
2402:
2399:
2397:
2394:
2392:
2389:
2387:
2386:ItBit (Paxos)
2384:
2382:
2379:
2377:
2374:
2372:
2369:
2367:
2364:
2362:
2359:
2357:
2354:
2352:
2349:
2347:
2344:
2342:
2339:
2337:
2334:
2332:
2329:
2327:
2324:
2322:
2319:
2317:
2314:
2312:
2309:
2307:
2304:
2302:
2299:
2297:
2294:
2292:
2289:
2287:
2284:
2282:
2279:
2278:
2276:
2274:
2270:
2264:
2261:
2259:
2256:
2254:
2251:
2249:
2246:
2244:
2241:
2240:
2238:
2236:
2232:
2226:
2223:
2221:
2218:
2216:
2213:
2211:
2208:
2206:
2203:
2201:
2198:
2196:
2193:
2191:
2188:
2186:
2183:
2181:
2178:
2176:
2173:
2171:
2168:
2167:
2165:
2161:
2155:
2152:
2150:
2147:
2145:
2142:
2140:
2137:
2135:
2132:
2130:
2127:
2126:
2124:
2122:
2118:
2112:
2109:
2107:
2104:
2102:
2099:
2097:
2094:
2092:
2089:
2087:
2084:
2082:
2079:
2077:
2074:
2072:
2069:
2067:
2064:
2062:
2059:
2058:
2056:
2053:
2049:
2043:
2040:
2038:
2035:
2033:
2030:
2028:
2025:
2023:
2020:
2018:
2015:
2013:
2010:
2008:
2005:
2003:
2000:
1998:
1995:
1992:
1989:
1987:
1984:
1982:
1979:
1977:
1974:
1972:
1969:
1968:
1966:
1963:
1959:
1949:
1946:
1944:
1941:
1939:
1936:
1934:
1931:
1929:
1926:
1924:
1921:
1919:
1916:
1915:
1913:
1909:
1903:
1900:
1898:
1895:
1894:
1892:
1889:
1885:
1879:
1876:
1875:
1873:
1871:RandomX-based
1869:
1863:
1860:
1858:
1855:
1854:
1852:
1849:
1845:
1839:
1836:
1834:
1831:
1829:
1826:
1824:
1821:
1819:
1816:
1815:
1813:
1810:
1806:
1800:
1797:
1794:
1791:
1790:
1788:
1785:
1781:
1775:
1772:
1770:
1767:
1765:
1762:
1760:
1757:
1755:
1752:
1750:
1747:
1745:
1742:
1740:
1737:
1736:
1734:
1731:
1727:
1724:
1721:
1720:Proof of work
1717:
1711:
1710:Proof of work
1708:
1706:
1703:
1701:
1698:
1696:
1693:
1692:
1690:
1687:
1683:
1677:
1674:
1672:
1669:
1667:
1664:
1662:
1659:
1657:
1654:
1652:
1649:
1647:
1644:
1642:
1639:
1637:
1634:
1632:
1629:
1627:
1624:
1622:
1619:
1617:
1614:
1613:
1611:
1607:
1603:
1596:
1591:
1589:
1584:
1582:
1577:
1576:
1573:
1566:
1562:
1558:
1554:
1550:
1546:
1541:
1540:
1536:
1521:
1517:
1513:
1507:
1504:
1499:
1495:
1488:
1485:
1472:
1468:
1464:
1463:
1462:IEEE Spectrum
1458:
1451:
1448:
1442:
1437:
1433:
1429:
1425:
1418:
1415:
1402:
1398:
1392:
1389:
1376:
1372:
1366:
1363:
1351:
1347:
1346:
1341:
1334:
1332:
1328:
1316:
1312:
1311:
1306:
1299:
1297:
1295:
1291:
1275:
1271:
1264:
1258:
1255:
1251:
1249:
1242:
1239:
1236:
1232:
1229:
1223:
1220:
1207:
1203:
1199:
1192:
1190:
1186:
1174:
1170:
1166:
1160:
1157:
1145:
1141:
1134:
1131:
1127:
1123:
1119:
1116:
1110:
1108:
1104:
1099:
1095:
1089:
1086:
1073:
1069:
1068:
1063:
1056:
1054:
1050:
1038:
1034:
1030:
1023:
1021:
1019:
1017:
1013:
1000:
996:
992:
986:
983:
972:
971:
965:
957:
954:
942:
938:
937:
932:
925:
923:
919:
906:
902:
898:
892:
890:
888:
884:
871:
867:
863:
857:
855:
853:
849:
836:
832:
826:
823:
810:
806:
805:
800:
794:
791:
779:
775:
774:
769:
762:
759:
755:
754:
741:
737:
733:
726:
724:
720:
708:
704:
703:
698:
691:
689:
687:
685:
683:
681:
679:
675:
671:
667:
664:
659:
656:
653:
647:
644:
641:
637:
634:
630:
624:
622:
620:
616:
603:
599:
595:
588:
586:
582:
579:
575:
572:
566:
564:
560:
554:
552:
550:
546:
542:
534:
532:
530:
526:
518:
516:
512:
508:
504:
501:
497:
493:
488:
481:
479:
477:
472:
470:
469:
465:In May 2016,
460:
458:
456:
452:
448:
444:
439:
436:
432:
430:
426:
422:
418:
412:
410:
404:
402:
398:
395:
391:
387:
379:
377:
375:
371:
366:
364:
359:
353:
349:
346:
343:
338:
335:
333:
328:
317:
313:
312:
298:
296:
291:
289:
285:
277:
275:
273:
269:
265:
261:
256:
254:
249:
245:
237:
232:
228:
226:
222:
218:
215:
211:
207:
203:
202:decentralized
198:
196:
192:
188:
184:
175:
172:
170:
166:
163:
160:
156:
152:
142:
140:
136:
126:0 (automated)
125:
119:
115:
111:
107:
104:
101:
96:
92:
86:
82:
76:
72:
68:
65:
62:
59:
56:
53:
49:
46:
43:
39:
35:
30:
22:
2646:
2634:
2622:
2499:Initiative Q
1857:Bitcoin Gold
1749:Counterparty
1744:Bitcoin Cash
1564:
1561:archive link
1549:the original
1524:. Retrieved
1515:
1506:
1497:
1493:
1487:
1475:. Retrieved
1460:
1450:
1431:
1427:
1417:
1405:. Retrieved
1391:
1379:. Retrieved
1365:
1354:. Retrieved
1343:
1319:. Retrieved
1308:
1281:. Retrieved
1257:
1246:
1241:
1222:
1210:. Retrieved
1201:
1177:. Retrieved
1168:
1159:
1148:. Retrieved
1133:
1128:May 27, 2016
1125:
1097:
1088:
1076:. Retrieved
1065:
1041:. Retrieved
1032:
1003:. Retrieved
994:
985:
974:. Retrieved
968:
956:
945:. Retrieved
934:
909:. Retrieved
905:the original
900:
874:. Retrieved
865:
839:. Retrieved
825:
813:. Retrieved
802:
793:
782:. Retrieved
771:
761:
751:
750:
744:. Retrieved
735:
711:. Retrieved
700:
658:
646:
606:. Retrieved
597:
538:
522:
513:
509:
505:
489:
485:
473:
466:
464:
440:
437:
433:
425:whitelisting
424:
420:
416:
413:
405:
383:
367:
354:
350:
347:
339:
336:
332:Ether tokens
329:
309:
299:
292:
281:
259:
257:
241:
199:
195:crowdfunding
182:
181:
108:11.5 million
100:Total assets
41:Company type
2724:Numismatics
2600:Token money
2489:Hyperledger
2361:EDX Markets
2225:WhopperCoin
2121:Stablecoins
1113:Popper N. "
417:contractors
358:hard forked
284:open source
225:open-source
79:Area served
2734:Categories
2520:BitLicense
2464:QuadrigaCX
2447:bankruptcy
2411:ShapeShift
2356:Crypto.com
2243:BitConnect
2195:MobileCoin
1964:currencies
1823:Bitconnect
1818:Auroracoin
1722:currencies
1688:mechanisms
1616:Blockchain
1609:Technology
1526:2017-08-03
1477:2 February
1356:2016-05-25
1321:2016-05-16
1310:TechCrunch
1179:2017-02-14
1150:2021-06-10
1098:econotimes
1043:2016-05-22
976:2016-05-16
947:2016-05-16
784:2016-05-01
753:directors.
746:2016-05-12
713:2016-05-17
555:References
549:securities
535:Regulation
525:Blockchain
468:TechCrunch
397:blockchain
308:-worth of
217:blockchain
210:non-profit
206:commercial
158:Written in
139:Repository
89:Key people
2688:Economics
2351:Coincheck
2253:KodakCoin
2101:Shiba Inu
2086:KodakCoin
2076:Chainlink
2002:Injective
1976:Avalanche
1938:Primecoin
1686:Consensus
1500:(5): 3–9.
519:Proposals
461:Marketing
455:Neuchâtel
390:contracts
380:Operation
295:crowdsale
248:hard-fork
244:exploited
2676:Internet
2624:Category
2346:Coinbase
2326:Bitstamp
2306:Bitpanda
2296:bitFlyer
2291:Bitfinex
2215:SafeMoon
2175:Filecoin
2154:USD Coin
2022:Polkadot
2017:Peercoin
1997:Gridcoin
1991:Ethereum
1971:Algorand
1948:Vertcoin
1918:AmbaCoin
1848:Equihash
1838:Litecoin
1833:Dogecoin
1793:Ethereum
1769:Peercoin
1764:Namecoin
1759:MazaCoin
1661:MetaMask
1520:Archived
1471:Archived
1401:Archived
1375:Archived
1350:Archived
1315:Archived
1274:Archived
1250:. Wired.
1231:Archived
1206:Archived
1173:Archived
1144:Archived
1118:Archived
1072:Archived
1070:(News).
1037:Archived
999:Archived
941:Archived
870:Archived
835:Archived
809:Archived
778:Archived
740:Archived
707:Archived
666:Archived
636:Archived
602:Archived
574:Archived
409:loophole
394:Ethereum
370:Poloniex
316:Ethereum
268:Poloniex
264:delisted
214:Ethereum
174:GNU LGPL
162:Solidity
58:software
51:Industry
2662:Portals
2636:Commons
2515:Airdrop
2494:IQ.Wiki
2459:Mt. Gox
2430:Defunct
2416:Uniswap
2376:Genesis
2311:Bithumb
2286:Binance
2258:OneCoin
2220:Stellar
2106:The DAO
2096:Polygon
2066:Aventus
1981:Cardano
1774:Titcoin
1739:Bitcoin
1730:SHA-256
1283:13 June
1212:17 June
995:Reuters
970:Fortune
911:17 June
876:17 June
841:21 July
608:3 March
421:curator
392:on the
278:History
183:The DAO
169:License
70:Founded
27:The DAO
2469:Thodex
2396:Kucoin
2391:Kraken
2371:Gemini
2341:Circle
2316:BitMEX
2301:Bitkub
2248:Coinye
2210:Ripple
2185:Helium
2149:Tether
2054:tokens
2052:ERC-20
2027:Solana
1986:EOS.IO
1890:-based
1878:Monero
1850:-based
1828:Coinye
1811:-based
1809:Scrypt
1786:-based
1784:Ethash
1732:-based
1563:). In
1407:31 May
1381:31 May
1345:Reason
1078:23 May
1005:20 May
815:31 May
374:Kraken
288:GitHub
272:Kraken
262:, was
145:github
113:Owners
83:Global
2700:Money
2437:BTC-e
2421:Upbit
2381:Huobi
2366:eToro
2321:Bitso
2263:Petro
2144:Terra
2091:Minds
2061:Augur
2037:Tezos
2032:Steem
1993:(2.0)
1943:Verge
1911:Other
1902:Petro
1862:Zcash
1795:(1.0)
1277:(PDF)
1266:(PDF)
482:Risks
443:Swiss
311:Ether
2648:List
2401:Kuna
2331:BTCC
2281:Abra
2200:Nano
2190:Luna
2170:Chia
2134:Diem
2111:TRON
1928:IOTA
1923:Firo
1897:Dash
1754:LBRY
1676:Web3
1651:Fork
1479:2020
1409:2016
1383:2016
1285:2018
1214:2016
1080:2016
1007:2017
913:2017
878:2017
843:2016
817:2016
610:2017
494:and
282:The
270:and
221:code
208:and
151:/DAO
147:.com
73:2016
64:fund
2442:FTX
2406:OKX
2336:BUX
2205:NEO
2139:Pax
2129:Dai
2081:Kin
2042:TON
2012:Nxt
2007:Kin
1888:X11
1559:” (
1436:doi
1169:IC3
1124:."
629:MIT
260:DAO
176:v3+
106:ETH
2736::
1518:.
1514:.
1498:34
1496:.
1469:.
1465:.
1459:.
1434:.
1430:.
1426:.
1348:.
1342:.
1330:^
1313:.
1307:.
1293:^
1268:.
1204:.
1200:.
1188:^
1171:.
1167:.
1142:.
1106:^
1096:.
1064:.
1052:^
1035:.
1031:.
1015:^
993:.
967:.
939:.
933:.
921:^
899:.
886:^
864:.
851:^
801:.
776:.
770:.
749:.
734:.
722:^
705:.
699:.
677:^
618:^
600:.
596:.
584:^
562:^
478:.
431:.
411:.
403:.
365:.
255:.
227:.
2664::
1594:e
1587:t
1580:v
1529:.
1481:.
1444:.
1438::
1432:3
1411:.
1385:.
1359:.
1324:.
1287:.
1216:.
1182:.
1153:.
1082:.
1046:.
1009:.
979:.
950:.
915:.
880:.
845:.
819:.
787:.
716:.
612:.
476:Đ
449:(
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.