The Only Way to Stop Crypto Hacks? Make Them Reversible | Crypto

The Only Way to Stop Crypto Hacks? Make Them Reversible

-The major hacks we’ve seen are undeniably thefts with strong evidence. If there was a way to reverse those thefts under such circumstances, our ecosystem would be much safer.
-Reversible tokens? Doesnt that just defeat the purpose of blockchain?
-For most of their lifetime, [these token] funds are irreversible.
-It would, however, add a substantial amount of time to the finality of a transaction, currently about one to two minutes on the Ethereum 2.0 blockchain, which is already arguably too long for retail payments contending with the coming of real-time payments and Ethereum competitor blockchains where finality is measured in a few seconds at most.
-The proposal would also add an element of centralization those judges to a payments technology whose first goal is eliminating middlemen.

reversible tokens cryptocurrency security The Only Way to Stop Crypto Hacks? Make Them Reversible

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