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Bitcoin token recovery is not a fork
Token recovery only freezes stolen assets on the blockchain before being removed and reissued at the tip of the chain, and no fork is necessary for this, whether it is hard or soft.
Token recovery only freezes stolen assets on the blockchain before being removed and reissued at the tip of the chain, and no fork is necessary for this, whether it is hard or soft.
Coinbase is about to launch its ERC-20 self-service asset recovery tool, designed to help users regain assets they may have lost in mistaken transactions to Coinbase wallets.
Stolen bitcoins have always been recoverable through a legal process, and the retrieval of such assets was only hindered by blockers who refused to enforce the rules.
The Digital Asset Recovery Toolset would mean that anybody with a court order establishing ownership of digital assets can use a designated Notary entity to translate the court order into a format that can be transmitted and interpreted by the mining network.
Today, many in the digital currency space believe asset seizure and freezing to be technically impossible, as the system is “decentralized” and it cannot be done due to being “simple math.”
Bitcoins have a history attached to them. The transactional history of a Bitcoin cannot be hidden. That means one is always trading a specific Bitcoin when selling it for fiat money, Dr. Michael Wehrmann writes.
In his latest blog post, “How Bitcoin Won the Race…,” Dr. Craig Wright gives the world some background information about why Bitcoin was created.
The Alert Key would allow an instant notification to be broadcast to every processor on each network, ordering them to freeze certain UTXOs or transactions.