The DAO, The Hack, The Soft Fork and The Hard Fork | CryptoCompare.com
We'll try to briefly cover: how and why The DAO was created, how The DAO was exploited, how the soft fork failed miserably and why everyone was relived and how the hard fork lead to a split community and the creation of Ethereum Classic.
Imagine this: a driverless car cruises around in search of passengers. After dropping someone off, the car uses its profits for a trip to a charging station. Except for it’s initial programming, the car doesn’t need outside help to determine how to carry out its mission. That’s one “thought experiment” brought to you by former …