Unpacking the Impact of a $60M Ethereum Attack on Crypto

Ethereum Foundation Reportedly Concerned about DAO Project Timeline

In an exclusive interview with CoinDesk, Igor, a former member of the DAO project team, shed light on the controversial hard fork that split the Ethereum blockchain in two. According to Igor, the Ethereum Foundation expressed concern about the DAO project timeline before the infamous hack even took place.

“I think the people from the [Ethereum] Foundation were not happy with what was going on at the DAO, even prior to the hack,” Igor said. “Because they thought it was way too early. And that was one of the main reasons for the rollback – it was very early.”

The DAO project was proposed, launched, funded, and hacked all within a year of Ethereum‘s launch. This accelerated timeline may have raised doubts about the viability of the project and led to the controversial decision to hard fork the Ethereum blockchain.

The hard fork resulted in two separate blockchains, Ethereum and Ethereum Classic. This decision was highly debated within the Ethereum community and remains a topic of discussion among cryptocurrency enthusiasts.

Igor’s insights into the Ethereum Foundation’s concerns about the DAO project timeline provide new perspective on the events leading up to the hard fork. As the cryptocurrency industry continues to evolve, it is important to remember the lessons learned from past experiences such as this one.

Stay tuned for more updates on the latest developments in the world of cryptocurrency.

Tweet: https://twitter.com/coindesk/status/1440598622707484162

J-S Tremblay
About the author - J-S Tremblay

I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...

View J-S Tremblay website

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top