Posts Tagged ‘the DAO


The plans for the upcoming Ethereum hard fork that is designed to fix the issues around the DAO situation have been published, with the hard fork planne to take place at block number 1922000 that should hit around 20th of July though it may depend on your time zone. The idea is to have the hard fork take place shortly before the 21.07, which is the date in which the DAO attacker can split. Some of the Ethereum clients such as Parity and the most widely used Geth have a hard-fork implementation for The DAO now, though they have not released updates for the hard fork yet. Other clients like pyethereum, or libethereum already started their implementations of the hard-fork, so it is certain that they will release a new version including the hard fork with the same date. Do note that you will need to update your local Ethereum client before the planned block in order to ensure that you will be able to continue using it after block 1922000. With hard forks you need to update your client in order for it to continue operating properly on the network as it includes mandatory changes making older releases incompatible.

Ethereum is also extending their bounty program to include vulnerabilities found in the hard fork specification. This includes the specification itself, the associated smart contract code that is defined in the specification, and the implementations in geth, cpp-ethereum, parity, and pyethapp clients. So people that find issues in the code and report them can be rewarded for their efforts and at the same time they will be making Ethereum safer and more problem free for use in the future.

To read more details about the upcoming hard fork of Ethereum intended to resolve the DAO situation…


If you are wondering what is the reason for the sudden drop of the exchange rates of Ethereum all around, well it seems that the DAO has been attacked an somebody apparently found a way to steal a lot of ETH coins. There is still not a lot of official information regarding the issue, but until the situation is resolved and everything is clear you should be very careful trading DAO tokens and Ethereum Ether coins. It seems that the smart contracts are as smart as their authors and wherever there are a lot of money stored with automated control they always attract people willing to find a way to steal them, especially if they are not secured well enough. This could as well be the end of DAO if the situation is not taken care of good enough, but it will undoubtedly also hurt Ethereum. Hopefully things will soon clear out and we would be able to continue with the usual things like mining etc.

For more details about the current situation and how you might be able to help…


The DAO, a decentralized autonomous organization, is an interesting project in the form of an Ethereum smart contract that is essentially a form of investor-directed venture capital fund. The project was started with what can be described as the largest crowdfunding campaign to date where over twenty thousand people invested over 12 million Ether coins and now have the right to control the direction of the DAO. These are essentially the investors that now have the right to vote thanks to their DAO tokens for what projects the DAO will provide funds in the form of Ethereum. The total number of DAO Tokens is over 1 Billion and 172 Million and now that the initial crowdfunding period is over no more tokens will be issued, however if you missed your first chance to get into the DAO you can still do so by purchasing tokens from one of the crypto currency exchanges that offers the trading of DAO tokens. Even though the DAO crowdfunding campaign has collected over 160 Million USD equivalent in ETH coins and can be considered a very successful venture there is still a lot of controversy surrounding the whole concept and the idea, buy still worth keeping an eye on the development anyway. So should you decide to invest in the DAO by purchasing DAO Tokens you should do your more detailed research before jumping head to invest, but if you decide to buy tokens you can find a list of exchanges where you can do so below.

List of crypto Exchanges trading DAO Tokens:
Shapeshift (BTC and many altcoins)
Poloniex (BTC)
Bittrex (BTC)

These are pretty much the top exchanges where trades are happening, there could be some more that just recently listed DAO Tokens for trading or will list them soon and we are going to be keeping track on further development…