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The DAO (organization)
The DAO was a digital decentralized autonomous organization and a form of investor-directed venture capital fund. After launching in April 2016 via a token sale, it became one of the largest crowdfunding campaigns in history, but it ceased activity after much of its funds - in the form of US$ exchanged for "Ether (value token), Ether-crypto coins" - were taken in a hack in June 2016. The DAO had an objective to provide a new Decentralization, decentralized business model for organizing both commercial enterprise, commercial and non-profit enterprises. It was instantiated on the Ethereum blockchain (database), blockchain and had no conventional management structure or board of directors. The source code, code of the DAO is open-source software, open-source. In June 2016, users Exploit (computer security), exploited a vulnerability in The DAO code to enable them to siphon off one-third of The DAO's funds to a subsidiary account. The Ethereum community controversially decided to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decentralized Autonomous Organization
A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization managed in whole or in part by decentralized computer programs, with voting and finances handled through a decentralized ledger technology like a blockchain. In particular, processes run by the decentralized programs must be central, enduring, and distinctive to the identity of the organization for the organization to be a DAO. In general terms, DAOs are member-owned communities without centralized leadership. The precise legal status of this type of business organization is unclear. A well-known example, intended for venture capital funding, was The DAO, which amassed 3.6 million ether (ETH)—Ethereum's native cryptocurrency—then worth more than US$70 million in May 2016, and was hacked and drained of in cryptocurrency weeks later. The hack was reversed in the following weeks, and the money restored, via a hard fork of the Ethereum blockchain. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ethereum
Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software. Ethereum was conceived in 2013 by programmer Vitalik Buterin. Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015. Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest. Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Source Software
Open-source software (OSS) is Software, computer software that is released under a Open-source license, license in which the copyright holder grants users the rights to use, study, change, and Software distribution, distribute the software and its source code to anyone and for any purpose. Open-source software may be developed in a collaborative, public manner. Open-source software is a prominent example of open collaboration, meaning any capable user is able to online collaboration, participate online in development, making the number of possible contributors indefinite. The ability to examine the code facilitates public trust in the software. Open-source software development can bring in diverse perspectives beyond those of a single company. A 2024 estimate of the value of open-source software to firms is $8.8 trillion, as firms would need to spend 3.5 times the amount they currently do without the use of open source software. Open-source code can be used for studying and a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kraken (company)
Kraken (legally named Payward, Inc.) is a United States-based cryptocurrency exchange founded in 2011. It was one of the first bitcoin exchanges to be listed on Bloomberg Terminal. The company has been the subject of several regulatory investigations since 2018, and has agreed to cumulative fines of over $30 million. It was the first cryptocurrency company to obtain a bank charter. History Kraken was co-founded in 2011 by Jesse Powell, an alumnus of California State University, Sacramento, with Thanh Luu and Michael Gronager. Powell was a consultant for Mt. Gox in resolving a security issue, and began working on Kraken as a replacement, anticipating its death; Gox did collapse in 2014, failing security audits. In September 2013, Kraken was launched, offering Bitcoin, Litecoin, and euro trades initially before going on to add additional currencies and margin trading. In March 2014, Kraken received a $5 million Series A investment from Hummingbird Ventures and Bitcoin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poloniex
Circle Internet Group, Inc., doing business as Circle, is a peer-to-peer payments technology company that now manages the stablecoin USDC, a cryptocurrency the value of which is pegged to the U.S. dollar. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle was founded and headquartered in Boston, Massachusetts, but is currently headquartered in New York City. USDC, the second largest stablecoin worldwide, is designed to hold at or near a stable price of $1. The majority of its stablecoin collateral is held in short-term U.S. government securities. Funding The company has received over million in venture capital from 4 rounds of investments from 2013 to 2016, including million led by Goldman Sachs. In April 2015 ''The New York Times'' reporter Nathaniel Popper wrote that the Goldman Sachs investment "should help solidify Bitcoin’s reputation as a technology that serious financial firms can work with." In June 2016, Circle raised US$60 million in Seri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Listing (finance)
In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are publicly listed. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions. Normally the issuing company is the one that applies for a listing but in some countries an exchange can list a company, for instance because its stock is already being traded via informal channel Stocks whose market value and/or turnover fall below critical levels may be delisted by the exchange. Delisting often arises from a merger or takeover, or the company going private. Requirements Each stock exchange has its own 'listing requirements'' or rules. Initial listing requirements usually include supplying a history of a few years of financial statements (not required for "alternative" markets targeting young firms); a sufficient size of the amount being placed among the general public (the free float), both in absolute terms and a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nickname
A nickname, in some circumstances also known as a sobriquet, or informally a "moniker", is an informal substitute for the proper name of a person, place, or thing, used to express affection, playfulness, contempt, or a particular character trait. It is distinct from a pseudonym, stage name, or title, although the concepts can overlap. Etymology The compound word ''ekename'', meaning "additional name", was attested as early as 1303. This word was derived from the Old English word ''eac'', meaning "also", related to ''eacian'', meaning "to increase". By the 15th century, the misdivision of the syllables of the phrase "an ekename" led to its rephrasing as "a nekename". Though the spelling has changed, the meaning of the word has remained relatively stable ever since. Various language conventions English nicknames are generally represented in quotes between the bearer's first and last names (e.g., '' Dwight David "Ike" Eisenhower'' and '' Daniel Lamont "Bubba" Franks''). I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ethereum Classic
Ethereum Classic is a blockchain-based distributed computing platform that offers smart contract (scripting) functionality. It is open source and supports a modified version of Nakamoto consensus via transaction-based state transitions executed on a public Ethereum Virtual Machine (EVM). Ethereum Classic maintains the original, unaltered history of the Ethereum network. The Ethereum project's mainnet was initially released via Frontier on 30 July 2015. However, due to a hack of a third-party project, The DAO, the Ethereum Foundation created a new version of the Ethereum mainnet on 20 July 2016 with an ''irregular state change'' implemented that erased the DAO theft from the Ethereum blockchain history. The Ethereum Foundation applied their trademark to the new, altered version of the Ethereum blockchain. The older, unaltered version of Ethereum was renamed and continued on as Ethereum Classic. Ethereum Classic's native Ether token is a cryptocurrency traded on digital curre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fork (blockchain)
In blockchain, a fork is defined variously as: * "What happens when a blockchain diverges into two potential paths forward", * "A change in protocol", or * A situation that "occurs when two or more blocks have the same block height". Forks are related to the fact that different parties need to use common rules to maintain the history of the blockchain. When parties are not in agreement, alternative chains may emerge. While most forks are short-lived some are permanent. Short-lived forks are due to the difficulty of reaching fast consensus in a distributed system. Whereas permanent forks (in the sense of protocol changes) have been used to add new features to a blockchain, they can also be used to reverse the effects of hacking such as the case with Ethereum and Ethereum Classic, or avert catastrophic bugs on a blockchain as was the case with the bitcoin fork on 6 August 2010. The concept of blockchain technology was first introduced in 2008 by an unknown person or group of pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exploit (computer Security)
An exploit is a method or piece of code that takes advantage of Vulnerability (computer security), vulnerabilities in software, Application software, applications, Computer network, networks, operating systems, or Computer hardware, hardware, typically for malicious purposes. The term "exploit" derives from the English verb "to exploit," meaning "to use something to one’s own advantage." Exploits are designed to identify flaws, bypass security measures, gain unauthorized access to systems, take control of systems, install malware, or data breach, steal sensitive data. While an exploit by itself may not be a malware, it serves as a vehicle for delivering malicious software by breaching security controls. Researchers estimate that malicious exploits cost the global economy over US$450 billion annually. In response to this threat, organizations are increasingly utilizing cyber threat intelligence to identify vulnerabilities and prevent hacks before they occur. Description Expl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christoph Jentzsch
Christoph is a male given name and surname. It is a German variant of Christopher. Notable people with the given name Christoph * Christoph Bach (1613–1661), German musician * Christoph Büchel (born 1966), Swiss artist * Christoph Dientzenhofer (1655–1722), German architect * Christoph Frauenpreiß (born 1987), German politician * Christoph Harting (born 1990), German athlete specialising in the discus throw * Christoph M. Herbst (born 1966), German actor * Christoph Kramer (born 1991), German football player and winner of the 2014 FIFA World Cup * Christoph M. Kimmich (born 1939), German-American historian and eighth President of Brooklyn College * Christoph Metzelder (born 1980), German football player * Christoph Pramhofer (born 1983), Austrian politician * Christoph Riegler (born 1992), Austrian football player * Christoph Waltz (born 1956), German-Austrian actor and two times winner of the OSCARS Academy Award * Christoph M. Wieland (1733–1813), German poet an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Observer
''The New York Observer'' was a weekly newspaper established in 1987. In 2016, it ceased print publication and became the online-only newspaper ''Observer''. The media site focuses on culture, real estate, media, politics and the entertainment and publishing industries. History The ''Observer'' was first published in New York City on September 22, 1987, as a weekly alternative newspaper by Arthur L. Carter, a former investment banker. The ''New York Observer'' had also been the title of an earlier weekly religious paper founded 164 years before by Sidney E. Morse in 1823. After almost two decades, in July 2006, the paper was purchased by the American real estate figure Jared Kushner, then only 25 years old. The paper began its life as a broadsheet, and was then printed in tabloid format every Wednesday, and currently has an exclusively online format on an internet website. It is headquartered at 1 Whitehall Street in lower Manhattan. Previous prominent writers for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
