What Was the Primary Consequence of the DAO Attack on the Ethereum Blockchain? ▴ Learn

What Was the Primary Consequence of the DAO Attack on the Ethereum Blockchain?

The primary consequence was a fundamental split in the Ethereum community and the creation of two separate blockchains. To recover the stolen Ether, the majority of the community voted for a hard fork, which essentially reversed the malicious transactions.

The new chain, which implemented the fork, became Ethereum (ETH), while the original, unforked chain continued as Ethereum Classic (ETC).

How Does the Market Price the Risk of a Hard Fork, Which Challenges the Notion of Immutability, into Long-Dated Bitcoin Options?

Explain the Concept of a ‘Fork’ in a Blockchain Network

What Is a Hard Fork versus a Soft Fork in Cryptocurrency?

What Is the Difference between a Soft Fork and a Hard Fork?