I pasted the wrong payment address. Can the platform help reverse the transaction?
Definition: Wallet software can only verify whether an address is correctly formatted; it can't tell whether the address belongs to the intended recipient. A transaction sent to the wrong person's address can still go through.
How it works: Irreversibility is one consequence of decentralization: there is no central authority that can alter the ledger, so no one can roll back your transaction for you.
In light of market conditions: $BTC is quoted at 83070.07 (24h +0.23%).
Markets are always uncertain, so decide in advance what you'll do if you're wrong.
#BTC
Definition: Wallet software can only verify whether an address is correctly formatted; it can't tell whether the address belongs to the intended recipient. A transaction sent to the wrong person's address can still go through.
How it works: Irreversibility is one consequence of decentralization: there is no central authority that can alter the ledger, so no one can roll back your transaction for you.
In light of market conditions: $BTC is quoted at 83070.07 (24h +0.23%).
Markets are always uncertain, so decide in advance what you'll do if you're wrong.
#BTC