A Fight Over Specialized Chips Threatens an Ethereum Split

In July 2016, Ethereum endured an early test of faith. The people behind the barely year-old blockchain had taken Bitcoin’s idea of decentralized money and run with it, building a digital landscape where users, based on a mutual trust in code, could interact and create applications. Then hackers emptied $50 million from one of those applications, the DAO. Facing a crisis, a core group of developers swiftly altered Ethereum’s code to return the lost funds.

In 1 playlist(s)

WIRED Business
2,096 clip(s)

WIRED Business

Get in-depth coverage of current and future trends in technology, and how they are shaping business,…