I am wondering, can we not devise an effective and special technology that can be utilize in case of hacks or frauds? Given the advances of cryptocurrency and the blockchain we are experiencing right now, is it even possible?
If the technology is helping in reversing the transaction then there will be a major security flaw in the network itself as anyone could manipulate with the coins in your wallet and if there is an uncertainty in that regard the trust that is built by the network will end and we do not need and the developers will not come up with something that will destroy the base of the entire network which is trust without a centralized trust.