In Chapter 5, we discussed the concept of decentralized organizations and the modus operandi of a DAO. Here, we want to highlight a historic moment leading to the creation of the first DAO, and how it eventually got hacked. Our discussion begins with a fresh perspective on decentralized organizations from Buterin, and leads into the story of Slock.it, the company at the heart of the DAO revolution. Then, we present some code that made The DAO dysfunctional: pieces of the smart contract relevant to the vulnerability, ...
© Vikram Dhillon, David Metcalf, and Max Hooper 2021
V. Dhillon et al.Blockchain Enabled Applicationshttps://doi.org/10.1007/978-1-4842-6534-5_66. The DAO Hacked
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