So a lot of bitcoin has been lost due to incorrect wallet addresses and human errors..
I however think that at this point of technological advancement, there should be a way to recover lost bitcoins. Not just bitcoins but other cryptocurrencies too. Now this may not be possibly done by the careless user,
I however think that at this point of technological advancement, there should be a way to recover lost bitcoins. Not just bitcoins but other cryptocurrencies too. Now this may not be possibly done by the careless user,
While some may disagree, it's true that there are lost coins caused by human mistakes, burn addresses (which I believe are completely insane), errors, experiments, etc. We have a point here about how to adjust the supply of minted coins due to these losses as these coins are minted and counted in the total supply yet remain inaccessible?
but it could be found by miners.
Lost bitcoins should have a way to be mined back into the market and Recovered..
Is there a project about this already?? What is your opinion and do you think it's is possible
Lost bitcoins should have a way to be mined back into the market and Recovered..
Is there a project about this already?? What is your opinion and do you think it's is possible
Miners cannot verify whether a coin was sent to the correct address or not that responsibility lies with the sender, since ownership is tied to the private keys if a transaction is sent to an incorrect address the coins remain inaccessible as long as no one else can find the key somehow
However in this case they are not truly lost