Читать книгу Cryptocurrency All-in-One For Dummies онлайн

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DAOs are built with code that can’t be changed on the fly. The appeal of this is that malicious hackers can’t monkey with the funds in a traditional sense. However, hackers can still find ways to execute the code in unexpected ways and withdraw funds. Also, the immutable nature of a DAO’s code makes it nearly impossible to fix any bugs once the DAO is live in Ethereum.

The first Ethereum DAO ever built is called, confusingly enough, “The DAO.” It’s an example of some of the dangers that come with decentralized and autonomous entities. It is the largest crowdfunded project in the world — its founders raised approximately $162 million in 26 days with more than 11,000 members. What people had thought was the greatest strength of The DAO became its greatest weakness. The immutable code within The DAO locked into place how the organization would be governed and how funds would be distributed. This allowed the members to feel secure in their investment. Although the code was well reviewed, not all the bugs had been worked out.