DAO

DAO stands for Decentralized Autonomous Organization. An investor-directed venture capital fund built on the Ethereum network that was hacked in June 2016. The hack stole about a third of the DAO’s funds and led to Ethereum being hard-forked the following month.

« Back to Glossary Index
What's Your Reaction?
Angry
0
Confused
0
Excited
0
Happy
0
Okay
0
Sad
0
View Comments (0)

Leave a Reply

Your email address will not be published.

© 2020 Techcryption Media Sdn Bhd . All Rights Reserved

Scroll To Top