17 ms·
I was waiting for someone to link the DAO here. Yes, I completely get faulty EVM code (Solidity code) and bad economic models can lead to forks and all kind of
by dondreytaylor 9y ago
I was waiting for someone to link the DAO here. Yes, I completely get faulty EVM code (Solidity code) and bad economic models can lead to forks and all kind of other issues. However, our claim that DNN "can't be hacked" relates solely to the immutability of the blockchain. There has yet to be any substantiated claims that the blockchain itself is faulty, at least enough to serve as the demise of Bitcoin and Ethereum networks. "Can't be hacked" in the context of DNN, means articles published cannot be modified. Secondly, since we are on the topic of the DAO, at the end of the day, the failure of DAO had more to do with horribly written smart contract code and less to do with the blockchain itself.
If you don't believe me, read it from Vitalik Buterin himself:
https://blog.ethereum.org/2016/06/17/critical-update-re-dao-vulnerability/ https://blog.ethereum.org/2016/06/17/critical-update-re-dao-...