Bitcoin’s Smart Contracts Will Have Additional SafeguardsDevelopers have formulated these measures in response to one user’s exploit that drained 3,641,694 ether (worth over $50m) from The DAO, a project based on Ethereum’s smart contract platform.
Since then, the Ethereum community has debated how to handle the situation, with a majority of miners now supporting a ‘soft fork’ to freeze that user’s funds. A hard-fork rollback of the entire Ethereum blockchain was also proposed, with many warning such a move would destroy confidence in the Ethereum platform.
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