Smart contracts and the DAO implosion

Posted by & filed under Private blockchains, Smart contracts.

The tragic combination of inevitable bugs and immutable code Last week witnessed a catastrophic event in the Ethereum ecosystem, when The DAO, a smart contract less than two months old, began rapidly leaking funds to an unknown party. Looking at the current set of Ethereum contracts, filled with casinos and self-declared Ponzi schemes, this might… Read more »