Crypto Basics | Why can’t on-chain transfers be reversed?
While a transaction is still waiting in the mempool, some wallets offer a “speed up” feature. It works by sending a replacement transaction with a higher fee, but it’s not guaranteed to succeed.
Irreversibility on-chain benefits the recipient: once a payment has enough confirmations, there’s no need to worry about the payer taking it back later.
The corresponding coin: $BTC , current price 82295.53, 24h -1.65%.
Only invest what you can afford, and leave yourself plenty of room.
While a transaction is still waiting in the mempool, some wallets offer a “speed up” feature. It works by sending a replacement transaction with a higher fee, but it’s not guaranteed to succeed.
Irreversibility on-chain benefits the recipient: once a payment has enough confirmations, there’s no need to worry about the payer taking it back later.
The corresponding coin: $BTC , current price 82295.53, 24h -1.65%.
Only invest what you can afford, and leave yourself plenty of room.