Reversing Transactions
Matthew Green debunks the misconception that public blockchains cannot support transaction reversal. He explains that while blockchains are immutable, smart contracts running on top of them can have transaction freeze and burn capabilities, as seen in regulated stablecoins like USDC and paxos dollar. Green argues that the need for human intervention in every banking system is outdated and highlights the automation of wire transfers and non-reversible transactions like Zelle.In this clip
From this podcast
Bankless
129 - Why the Crypto Critics Are Wrong | Matthew Green
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