08-03-2020, 07:47 AM
Question about application of using crypto in a transaction
<!-- SC_OFF --><div class="md"><p>Last night, I finally understood how blockchain works and how it can be the future of currency in a decentralized way. One thing I cannot figure out tho is:</p> <p>How does blockchain work when one transaction party acts unfaithful? For example I buy something online for 1 btc and that person does not deliver the good? With my bank, I can dispute this transaction and they will refund my currency. Is this protection afforded in blockchain?</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Last night, I finally understood how blockchain works and how it can be the future of currency in a decentralized way. One thing I cannot figure out tho is:</p> <p>How does blockchain work when one transaction party acts unfaithful? For example I buy something online for 1 btc and that person does not deliver the good? With my bank, I can dispute this transaction and they will refund my currency. Is this protection afforded in blockchain?</p> </div><!-- SC_ON --> Kind Regards R