Why can’t on-chain transfers be reversed? Many people can’t answer!
Wallet software can only check whether an address is formatted correctly; it can’t tell whether the address belongs to the intended recipient. Even if you enter the wrong person’s address, the transfer can still go through successfully.
The irreversible nature of blockchain transactions benefits recipients: once the funds they receive have enough confirmations, they don’t have to worry about the sender reversing the payment later.
Don’t bet all your savings on a single judgment.
$BTC 79642.64（-1.56%）
#BTC
Wallet software can only check whether an address is formatted correctly; it can’t tell whether the address belongs to the intended recipient. Even if you enter the wrong person’s address, the transfer can still go through successfully.
The irreversible nature of blockchain transactions benefits recipients: once the funds they receive have enough confirmations, they don’t have to worry about the sender reversing the payment later.
Don’t bet all your savings on a single judgment.
$BTC 79642.64（-1.56%）
#BTC