Tag: DAO
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Ethereum Foundation Plans DAO Relaunch: Vitalik Buterin Revives Decentralized Organization 10 Years After Catastrophic Hack
The Ethereum Foundation, led by co-founder Vitalik Buterin, is planning to revive the Decentralized Autonomous Organization (DAO)—a pioneering blockchain governance experiment that catastrophically failed a decade ago after losing 3.6 million ETH to a sophisticated hacking attack. The proposed DAO 2.0 relaunch represents extraordinary redemption narrative, attempting to resurrect one of blockchain’s most infamous failures while incorporating lessons learned from a decade…