Why can’t on-chain transfers be reversed? Many people can’t answer!
Wallet software only checks whether the address format is correct. It can’t tell whether the address belongs to the intended recipient, so a transfer can still succeed if you enter the wrong person’s address.
On-chain irreversibility protects the recipient: once the funds have enough confirmations, there’s no need to worry about the sender taking them back afterward.
If you’re unfamiliar with something, don’t start with a large amount. Practicing with a small amount is safer.
$BTC 74140.8（+0.0054%）
#BTC
Wallet software only checks whether the address format is correct. It can’t tell whether the address belongs to the intended recipient, so a transfer can still succeed if you enter the wrong person’s address.
On-chain irreversibility protects the recipient: once the funds have enough confirmations, there’s no need to worry about the sender taking them back afterward.
If you’re unfamiliar with something, don’t start with a large amount. Practicing with a small amount is safer.
$BTC 74140.8（+0.0054%）
#BTC
