Viewing entries tagged with 'the dao'
The DAO has made a lot of waves recently. First - last month when it became the largest crowdfunding project in history, at one point surpassing Star Citizen's 116M USD (although it might be partially due to ETH exchange rate fluctuations). Second time - earlier this week when the DAO was hacked. So lets start from the beginning and have a look at the rise and fall of The DAO.
The Ethereum-based decentralized organization, The DAO, is very close to breaking the all-time crowdfunding record. The completely decentralized funding campaign isn’t using a service like Kickstarter to organize the effort, yet it’s already the second highest earning project ever, excluding political campaigns.