I wonder how many people with CT know that in 2016 @ethereum was on the brink of collapse, rather than always being a top coin? 🤔
In this article, I explore the story of The DAO - one of the most defining events in Ethereum’s history.
I break down how a reentrancy vulnerability enabled the theft of millions in ETH, why it led to a hard fork and the split between Ethereum and Ethereum Classic, and how this incident permanently changed the way the industry approaches smart contract security.
I also examine how threats evolved over the past decade - from contract bugs to attacks targeting private keys, bridges, and signing interfaces. 👇
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We are closer to the bottom than the top.
Easiest hold in history.
See you at $12,000🚀 https://t.co/2QApWQTUar
Ethereum foundation co-executive director Hsi ao-Wei Wang just resigned - following fellow co-executive director Tomasz Stańczak’s exit
another high-profile departure in a growing string
two co-executive directors gone in short order is not a coincidence its a pattern
i called this institutional turbulence months ago when the exodus started, not protocol weakness
the thesis still holds - but leadership churn at this pace eventually becomes its own story, regardless of how strong the underlying tech is
Ethereum doesn’t need everyone to stay. it needs the next layer of leadership to actually show up
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How Much Is Ethereum Worth?
When Was Ethereum Created?
Ethereum (ETH) is a decentralized platform that runs smart contracts, defined as applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
