Sentences with phrase «transaction irreversibility»
In comparison, blockchain provides built - in anonymity and transaction irreversibility, thus providing scammers and fraudsters a dream playground.
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The irreversibility of Bitcoin transactions has often been lauded as one of the most important qualities of virtual currency because it makes it harder for banks and governments to intervene in transactions.
Other enhancements include multiple wallet types, three levels of irreversibility, multi-signature encryption (CypherSig), and a hundred-fold leapfrog in scalability and transaction speed.