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RE: Steemit Crypto Academy Contest / S2W1 - How Cryptocurrency has shaped the Financial Realm. What is its Future? by @chiabertrand
Very impressive entry bro. I appreciate your thought about the cryptocurrency and also the downsides of the cryptocurrency are briefly mentioned in this post. You are very well with the knowledge of the cryptocurrencies and their working in the blockchains.
Another big problem here is that one can lost his account forever if he/she mistakenly loses his keys because it can't be restored or retrived again.
This is really a true issue that the cryptocurrency space has been facing since its creation. I have also experienced a huge lose of a valuable account by losing my private keys.
Thanks a lot for sharing your post and I wish you all the best in the contest.
I'm glad you went through my article and you found it to be useful and word learning to you.
This problem has caused a lot of people to lose their funds during transactions as they send funds to wrong address. I have lose funds on two occasions as a results of my mistake. I hope crypto developers look into this and make a way possible for funds to be reversed if mistakenly send to wrong address
Thank you so much for this fine visit to my post @steemdoctor1
Yes brother you are absolutely right. The solution for this prob is that the developers should develope a mechanism in which they have to check the activity or validity of the entered address. If wrong, then the address will automatically be detected. Thus, the users have an action to cancel that transaction.
Greetings.