Home Ethereum Reversibility on Ethereum: The Advantages and Pitfalls – CoinDesk

Reversibility on Ethereum: The Advantages and Pitfalls – CoinDesk

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Or take the instance of PayPal. For risk-averse consumers, the power to dispute and reverse PayPal transactions is a useful characteristic. But it surely has given rise to all kinds of PayPal fraud. In a PayPal overpayment rip-off, as an illustration, a scammer takes benefit of PayPal’s dispute system to overpay a vendor for one thing, then asks the vendor for a refund of the surplus. After the overpayment is returned, the scammer asks PayPal to reverse the unique transaction. The vendor successfully loses the overpayment quantity.

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