作者
Muhammad Izhar Mehar, Charles Louis Shier, Alana Giambattista, Elgar Gong, Gabrielle Fletcher, Ryan Sanayhie, Henry M Kim, Marek Laskowski
发表日期
2019/1/1
期刊
Journal of Cases on Information Technology (JCIT)
卷号
21
期号
1
页码范围
19-32
出版商
IGI Global
简介
In spring 2016, the Distributed Autonomous Organization (The DAO) was created on Ethereum. As with Bitcoin, Ethereum uses a P2P network, where distributed ledgers are implemented as daisy-chained blocks of data. Ethereum's native cryptocurrency, Ethers are spent to execute pieces of code called smart contracts. Investors paid their Ethers for the DAO to operate and received the opportunity to vote on and become investors in venture projects proposed by Ethereum-based startups. Transactions and settlements between investors and startups are executed autonomously. The DAO experiment failed shortly after inception as an anonymous hacker stole over $50 M USD worth of Ethers out of the $168 M invested. The Ethereum community voted to return (or fork) the state of the network to one prior to the hack, returning Ethers back to investors and shuttering the DAO. However, this action arguably represented …
引用总数
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学术搜索中的文章
MI Mehar, CL Shier, A Giambattista, E Gong, G Fletcher… - Journal of Cases on Information Technology (JCIT), 2019