An Israeli Blockchain Startup Claims They’ve Invented an ‘Undo’ Button for Bitcoin Transactions
A two-year-old Israeli blockchain startup says it has found a way to cancel crypto transactions if they are sent to the wrong wallet address. Kirobo, a two-year-old Israeli blockchain startup, announced on June 30 that it has found a way to tackle problems related to human error in cryptocurrency transactions. In a recent survey by the Fio Foundation, 55% of respondents reported experiencing stressful human errors when sending cryptocurrency and 18% reported loss of funds due to such errors. As such, Kirobo has invented “Retrievable Transfer,” a way for senders to cancel a transaction that is sent to the wrong address.
Coin Telegraph - 30th Jun 14:06