▁The ▁DA O . ▁The ▁oper ational ▁procedure ▁for ▁The ▁DA O ▁allowed ▁invest ors ▁to ▁withdraw ▁at ▁will ▁any ▁money ▁that ▁had ▁not ▁yet ▁been ▁committed ▁to ▁a ▁project ; ▁the ▁funds ▁could ▁thus ▁de ple te ▁quickly . ▁Although ▁saf egu ards ▁aim ed ▁to ▁prevent ▁g aming ▁the ▁voting ▁of ▁share hold ers ▁to ▁win ▁invest ments , ▁there ▁were ▁a ▁" number ▁of ▁security ▁vulner abilities ". ▁These ▁enabled ▁an ▁attempted ▁large ▁withdraw al ▁of ▁funds ▁from ▁The ▁DA O ▁to ▁be ▁initi ated ▁in ▁mid - J une ▁ 2 0 1 6 . ▁On ▁the ▁ 2 0 th ▁of ▁July ▁ 2 0 1 6 , ▁the ▁E there um ▁block chain ▁was ▁for ked ▁to ▁b ail ▁out ▁the ▁original ▁contract . ▁ ▁See ▁also ▁ ▁Dec ent ral ized ▁application ▁Dec ent ral ized ▁computing ▁ ▁Dist ributed ▁computing ▁ ▁In cent ive - center ed ▁design ▁ ▁List ▁of ▁highest ▁fund ed ▁crow df und ing ▁projects ▁Sm art ▁contract ▁ ▁References ▁ ▁External ▁links ▁▁▁ ▁Dig ix . io ▁ ▁Category : Application ▁layer ▁protocol s ▁Category : App lications ▁of ▁crypt ography ▁Category : Block ch ains ▁Category : Comput er ▁law ▁Category : Comput er ▁networking ▁Category : Dist ributed ▁computing ▁Category : Dist ributed ▁data ▁storage ▁Category : Network ▁protocol s ▁Category : Pe er - to - pe er ▁computing ▁Category : Produ ction ▁econom ics <0x0A> </s> ▁Jer emy ▁R . ▁Wal sh ▁is ▁an ▁astronom er