The Ethereum as Bitcoin is an encrypted digital currency, which gained notoriety among the Crypto since its launch by bringing some unique specifications, such as allowing the creation of intelligent contracts that are programmed agreements that run automatically when the conditions specified in programming happen.
Despite the attention gained since its launch a great time of Ethereum which raised the price by 100%, making jump from $ 10 to $ 20 in April 2016 with a bold and innovative experiment called The DAO (Distributed Autonomous Organization ). The The DAO had an ambitious goal, create a Venture Capital company where investors would take all decisions through intelligent contracts without human intermediation, without leaders or authorities. Only rules encoded by human and computer implemented protocols.
Released on April 30, took off like a rocket, and raised by 21 May $ 150 million with about 11,000 investors. This being the most ever raised in history with a crowdfunding action.
For Ethereum, the base of The DAO, this feat was the biggest vote of confidence that could have been taking the view that this is a new technology.
Then on June 17 a hacker began to deviate from The DAO funds, investors could only watch their investments being taken at the time the hacker said he was only taking advantage of the technical failure, which allowed him to accumulate about $ 50 ETH million.
In order to correct such flaws developers have chosen to create a new network with different rules of the original, this is the idea Hard Fork. So update your wallet is critical so that you can opt for the new network.
To download the new wallet visit: https://github.com/ethereum/mist/releases
Hard Fork happen tomorrow, July 20, 2016.
im waiting for price eth .. hmm
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