Category: Security
by Smart contracts are the building blocks of Distributed Autonomous Organizations (DAO) – a set of smart contracts existing as a governance mechanism.
"The DAO" was a decentralized autonomous organization developed as open-source by a German startup Slock.it — the company behind the smart locks.
A line on the letter read, “I have made use of this feature (split function) and have rightfully claimed 3,641,694 ether, and would like to thank the DAO for this reward.” And another, “I am disappointed by those who are characterizing the use of this intentional feature as ‘theft’.”
"The DAO" was a decentralized autonomous organization developed as open-source by a German startup Slock.it — the company behind the smart locks.
A line on the letter read, “I have made use of this feature (split function) and have rightfully claimed 3,641,694 ether, and would like to thank the DAO for this reward.” And another, “I am disappointed by those who are characterizing the use of this intentional feature as ‘theft’.”
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