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Cryptocurrency Platform Ethereum Raided by Hacker, $50 Million Stolen

Saturday, February 29th, 2020

Cryptocurrency Platform Ethereum Raided by Hacker, $50 Million Stolen

A hacker removed $50 million in Ether through the Decentralized Autonomous Organization, plunging investors into a panic, however some argue that no theft has taken place.

Ether, the digital currency that was billed while the ‘next’ bitcoin, plunged in value on Friday when a hacker exploited a software flaw into the Decentralized Autonomous Organization (DAO), giving very same of $50 million Ether into the ether and the cryptocurrency investment community into a panic.

If this sounds bewildering, we will make an effort to explain.

Ether is the currency supported by the Ethereum blockchain, a platform designed to provide greater flexibility for decentralized peer-to-peer-traded currencies than projects developed over the top of this bitcoin protocol. Ethereum permits the creation of ‘smart contracts,’ which enables all kinds of business transactions and not just currency transfers.

The зеркало 1xbet (1хбет) bkinfo-18 site DAO is an organization that is completely leaderless on the Ethereum platform and run entirely on computer code. It utilizes these smart contracts to create an investment capital fund devoted to sponsoring new cryptocurrency tasks. All DAO decisions are taken via a vote of its members who use electronic tokens, purchased with Ether, to register their vote. In this manner, DAO had raised $162 million to aid fund fledgling projects.

Remain Calm

But DAO users watched in horror, in real-time, on as a hacker exposed a software (more…)

Pala Casino Tries to maintain with the Joneses with $170 Million Expansion to Southern California Resort

Saturday, February 29th, 2020

Pala Ca <a href="http://www.paramountweldingllc.com/?p=14361#more-14361" class="more-link"><span aria-label="Continue reading Pala Casino Tries to maintain with the Joneses with $170 Million Expansion to Southern California Resort">(more…)</span></a>