The DAO Hack Aftermath: Birth of Modern Web3 Governance
The DAO Hack Aftermath: Birth of Modern Web3 Governance
🤔 When ETH Chose People Over Code
The 2016 DAO hack ($60M in ETH stolen) catalyzed fundamental changes in Web3:
Social Layer Evolution: Ethereum's community split into ETH and ETC, marking the first community-driven blockchain decision
Governance Revolution: Shifted from code is law to collaborative decision-making, enabling modern DAO structures
Regulatory Impact: SEC classified DAO tokens as potential securities, setting precedent for crypto regulation
Security Culture: Led to widespread adoption of smart contract audits, kill-switches, and multisig implementations
The incident transformed Web3 from pure code-based systems to socially-governed networks.
What changed after The DAO hack? 🤔 In our previous post, we talked about The DAO hack — now let’s break down what happened next and how it changed Web3 forever. If you missed it, here’s a quick recap: in 2016, the first major earthquake in Web3 hit — The DAO was hacked. The
