Despite using crypto wallets for almost a decade, just a few weeks ago I fell for a scam. Many times, I have made some kind of error on a transaction. Ledgers are immutable, but transactions need not be. Any contract worth trusting should be able to reverse transactions that can be proven erroneous or fraudulent. Reversible tokens exist and should be used far more widely, particularly for consumer applications. Combined with clear policies and adjudication, restitution is a requirement for any system that humans are expected to use.
Related posts
-
Lego’s Website Hacked to Promote ‘Lego Coin’ Crypto Scam
Lego’s website was hacked to display an unauthorized cryptocurrency... -
Mark Cuban praises Kamala Harris for engaging with the crypto crowd
Billionaire investor Mark Cuban voiced support for Kamala Harris’ approach to the cryptocurrency industry in a... -
Can SUI Fall To $1.40? On-Chain Data Exposes Declining Demand
Este artículo también está disponible en español. SUI is currently testing a crucial supply zone following...