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#126 2023-06-05 21:46:43

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,249

Re: what happens if CRP is lost

JONSNOWING;12199 wrote:

Some services that only breed rooms for this scammers shouldn’t be allowed to exist in the first place because they seem to provide more new means and methods for this scammers to do this things and most times getaway with them

Well if we are to remove service because of it may be a breading ground for scammers then there is a high chance that we would be removing all our service that's certain.

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#127 2023-06-05 23:01:25

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,521

Re: what happens if CRP is lost

Kelechi;12112 wrote:
oba;12076 wrote:
Comrade;11980 wrote:

Its not only about CRP but its the whole policy of crypto coin. Just as you have said. Its more important to pay close attention to every  transaction process and make sure its confirm from both side .

Yes, it is a policy that's for all cryptocurrencies but the policy appears to be mostly for Crypton coin since it transaction confirmation are instant and there's no way to cancel every transaction.

When all blocks in a transaction has been confirmed then it's practically impossible to reverse that transaction and that's the plain truth.

It is when your transaction is confirmed not when all blocks in a transaction are confirmed and when a transaction is included in a block it is technically confirmed though it may not have all the needed number of confirmations yet.

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#128 2023-06-05 23:07:14

full
Member
Registered: 2023-01-06
Posts: 979

Re: what happens if CRP is lost

IyaJJJ;12235 wrote:
Kelechi;12112 wrote:
oba;12076 wrote:

Yes, it is a policy that's for all cryptocurrencies but the policy appears to be mostly for Crypton coin since it transaction confirmation are instant and there's no way to cancel every transaction.

When all blocks in a transaction has been confirmed then it's practically impossible to reverse that transaction and that's the plain truth.

It is when your transaction is confirmed not when all blocks in a transaction are confirmed and when a transaction is included in a block it is technically confirmed though it may not have all the needed number of confirmations yet.

I don't know the cryptocurrency you guys are talking about but, Yes, when a cryptocurrency transaction is included inside a block, it is considered confirmed.

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#129 2023-06-05 23:39:23

oba
Member
Registered: 2023-01-13
Posts: 1,847

Re: what happens if CRP is lost

full;12236 wrote:
IyaJJJ;12235 wrote:
Kelechi;12112 wrote:

When all blocks in a transaction has been confirmed then it's practically impossible to reverse that transaction and that's the plain truth.

It is when your transaction is confirmed not when all blocks in a transaction are confirmed and when a transaction is included in a block it is technically confirmed though it may not have all the needed number of confirmations yet.

I don't know the cryptocurrency you guys are talking about but, Yes, when a cryptocurrency transaction is included inside a block, it is considered confirmed.

Miners are individuals who compete to solve difficult mathematical equations in order to validate and process cryptocurrency transactions. In return, they are rewarded with new cryptocurrency units.

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#130 2023-06-05 23:39:45

Vastextension
Member
Registered: 2022-11-19
Posts: 1,887

Re: what happens if CRP is lost

oba;12248 wrote:
full;12236 wrote:
IyaJJJ;12235 wrote:

It is when your transaction is confirmed not when all blocks in a transaction are confirmed and when a transaction is included in a block it is technically confirmed though it may not have all the needed number of confirmations yet.

I don't know the cryptocurrency you guys are talking about but, Yes, when a cryptocurrency transaction is included inside a block, it is considered confirmed.

Miners are individuals who compete to solve difficult mathematical equations in order to validate and process cryptocurrency transactions. In return, they are rewarded with new cryptocurrency units.

When a miner completes the equation, a new block is generated, which contains all the transactions that have been included in the previous block and confirms the solution.

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#131 2023-06-05 23:40:49

level
Member
Registered: 2023-01-19
Posts: 1,252

Re: what happens if CRP is lost

Vastextension;12249 wrote:
oba;12248 wrote:
full;12236 wrote:

I don't know the cryptocurrency you guys are talking about but, Yes, when a cryptocurrency transaction is included inside a block, it is considered confirmed.

Miners are individuals who compete to solve difficult mathematical equations in order to validate and process cryptocurrency transactions. In return, they are rewarded with new cryptocurrency units.

When a miner completes the equation, a new block is generated, which contains all the transactions that have been included in the previous block and confirms the solution.

In general, once a transaction is included in a block that has been added to the blockchain, it is regarded as confirmed. The security of the transaction is increased and the chance that it can be altered or reversed is decreased with each succeeding block that is added to the chain.

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#132 2023-06-05 23:41:12

joanna
Member
Registered: 2023-01-10
Posts: 2,250

Re: what happens if CRP is lost

level;12251 wrote:
Vastextension;12249 wrote:
oba;12248 wrote:

Miners are individuals who compete to solve difficult mathematical equations in order to validate and process cryptocurrency transactions. In return, they are rewarded with new cryptocurrency units.

When a miner completes the equation, a new block is generated, which contains all the transactions that have been included in the previous block and confirms the solution.

In general, once a transaction is included in a block that has been added to the blockchain, it is regarded as confirmed. The security of the transaction is increased and the chance that it can be altered or reversed is decreased with each succeeding block that is added to the chain.

However, depending on various aspects like the network's congestion, the sender's transaction fee, and the volume of the transaction, confirmations may take some time.

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#133 2023-06-05 23:41:39

oba
Member
Registered: 2023-01-13
Posts: 1,847

Re: what happens if CRP is lost

joanna;12252 wrote:
level;12251 wrote:
Vastextension;12249 wrote:

When a miner completes the equation, a new block is generated, which contains all the transactions that have been included in the previous block and confirms the solution.

In general, once a transaction is included in a block that has been added to the blockchain, it is regarded as confirmed. The security of the transaction is increased and the chance that it can be altered or reversed is decreased with each succeeding block that is added to the chain.

However, depending on various aspects like the network's congestion, the sender's transaction fee, and the volume of the transaction, confirmations may take some time.

For a transaction to be fully validated in some cryptocurrencies, a certain number of confirmations must occur. In order to prevent double spending, which occurs when a user uses the same funds in multiple transactions, and to ensure that the transaction is irreversible, these steps are taken.

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#134 2023-06-05 23:42:10

thrive
Member
Registered: 2023-01-04
Posts: 1,963

Re: what happens if CRP is lost

oba;12253 wrote:
joanna;12252 wrote:
level;12251 wrote:

In general, once a transaction is included in a block that has been added to the blockchain, it is regarded as confirmed. The security of the transaction is increased and the chance that it can be altered or reversed is decreased with each succeeding block that is added to the chain.

However, depending on various aspects like the network's congestion, the sender's transaction fee, and the volume of the transaction, confirmations may take some time.

For a transaction to be fully validated in some cryptocurrencies, a certain number of confirmations must occur. In order to prevent double spending, which occurs when a user uses the same funds in multiple transactions, and to ensure that the transaction is irreversible, these steps are taken.

In addition, a cryptocurrency transaction is generally considered confirmed when it appears in a block of the blockchain, though the time it takes to confirm and the number of confirmations needed may differ depending on a number of variables.

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#135 2023-06-06 20:31:30

Kelechi
Member
Registered: 2022-12-25
Posts: 2,111

Re: what happens if CRP is lost

thrive;12254 wrote:
oba;12253 wrote:
joanna;12252 wrote:

However, depending on various aspects like the network's congestion, the sender's transaction fee, and the volume of the transaction, confirmations may take some time.

For a transaction to be fully validated in some cryptocurrencies, a certain number of confirmations must occur. In order to prevent double spending, which occurs when a user uses the same funds in multiple transactions, and to ensure that the transaction is irreversible, these steps are taken.

In addition, a cryptocurrency transaction is generally considered confirmed when it appears in a block of the blockchain, though the time it takes to confirm and the number of confirmations needed may differ depending on a number of variables.

Let's say there are three blocks for a cryptocurrency transactions to be confirmed right, can it still be reversed if only two were confirmed?

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#136 2023-06-06 20:57:39

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 1,858

Re: what happens if CRP is lost

Well for now if you ever lost your CRP crypton through any means it's best to learn from fbag mistake you made and try hard to avoid it repeating

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#137 2023-06-06 21:26:47

thrive
Member
Registered: 2023-01-04
Posts: 1,963

Re: what happens if CRP is lost

Kelechi;12357 wrote:
thrive;12254 wrote:
oba;12253 wrote:

For a transaction to be fully validated in some cryptocurrencies, a certain number of confirmations must occur. In order to prevent double spending, which occurs when a user uses the same funds in multiple transactions, and to ensure that the transaction is irreversible, these steps are taken.

In addition, a cryptocurrency transaction is generally considered confirmed when it appears in a block of the blockchain, though the time it takes to confirm and the number of confirmations needed may differ depending on a number of variables.

Let's say there are three blocks for a cryptocurrency transactions to be confirmed right, can it still be reversed if only two were confirmed?

If only two were confirmed? Your statement is hard for me to understand new blocks are generated on every blockchain and once a transaction is added to it instantly has one confirmation. Once it has a single conformation there is no way it can be reversed.

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#138 2023-06-06 21:27:47

oba
Member
Registered: 2023-01-13
Posts: 1,847

Re: what happens if CRP is lost

thrive;12382 wrote:
Kelechi;12357 wrote:
thrive;12254 wrote:

In addition, a cryptocurrency transaction is generally considered confirmed when it appears in a block of the blockchain, though the time it takes to confirm and the number of confirmations needed may differ depending on a number of variables.

Let's say there are three blocks for a cryptocurrency transactions to be confirmed right, can it still be reversed if only two were confirmed?

If only two were confirmed? Your statement is hard for me to understand new blocks are generated on every blockchain and once a transaction is added to it instantly has one confirmation. Once it has a single conformation there is no way it can be reversed.

Yes, and generally, cryptocurrency transactions cannot be reversed after they have received at least one confirmation on the blockchain network.

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#139 2023-06-06 21:28:42

Vastextension
Member
Registered: 2022-11-19
Posts: 1,887

Re: what happens if CRP is lost

oba;12385 wrote:
thrive;12382 wrote:
Kelechi;12357 wrote:

Let's say there are three blocks for a cryptocurrency transactions to be confirmed right, can it still be reversed if only two were confirmed?

If only two were confirmed? Your statement is hard for me to understand new blocks are generated on every blockchain and once a transaction is added to it instantly has one confirmation. Once it has a single conformation there is no way it can be reversed.

Yes, and generally, cryptocurrency transactions cannot be reversed after they have received at least one confirmation on the blockchain network.

When a cryptocurrency transaction is sent, it is broadcasted to the network of nodes that validate transactions through a complex cryptographic process.

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#140 2023-06-06 21:39:46

thrive
Member
Registered: 2023-01-04
Posts: 1,963

Re: what happens if CRP is lost

Vastextension;12387 wrote:
oba;12385 wrote:
thrive;12382 wrote:

If only two were confirmed? Your statement is hard for me to understand new blocks are generated on every blockchain and once a transaction is added to it instantly has one confirmation. Once it has a single conformation there is no way it can be reversed.

Yes, and generally, cryptocurrency transactions cannot be reversed after they have received at least one confirmation on the blockchain network.

When a cryptocurrency transaction is sent, it is broadcasted to the network of nodes that validate transactions through a complex cryptographic process.

Once a transaction has been broadcasted and validated by as little as one node, the transaction is essentially considered final and irreversible.

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#141 2023-06-06 21:44:12

Vastextension
Member
Registered: 2022-11-19
Posts: 1,887

Re: what happens if CRP is lost

thrive;12404 wrote:
Vastextension;12387 wrote:
oba;12385 wrote:

Yes, and generally, cryptocurrency transactions cannot be reversed after they have received at least one confirmation on the blockchain network.

When a cryptocurrency transaction is sent, it is broadcasted to the network of nodes that validate transactions through a complex cryptographic process.

Once a transaction has been broadcasted and validated by as little as one node, the transaction is essentially considered final and irreversible.

Meanwhile, this is one of the key benefits of using cryptocurrencies in financial transactions because it eliminates the need for intermediaries like banks, which can delay or reverse transactions under certain circumstances.

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#142 2023-06-06 21:44:31

oba
Member
Registered: 2023-01-13
Posts: 1,847

Re: what happens if CRP is lost

Vastextension;12408 wrote:
thrive;12404 wrote:
Vastextension;12387 wrote:

When a cryptocurrency transaction is sent, it is broadcasted to the network of nodes that validate transactions through a complex cryptographic process.

Once a transaction has been broadcasted and validated by as little as one node, the transaction is essentially considered final and irreversible.

Meanwhile, this is one of the key benefits of using cryptocurrencies in financial transactions because it eliminates the need for intermediaries like banks, which can delay or reverse transactions under certain circumstances.

However, there are some exceptions to this rule. For example, some cryptocurrencies and wallets have incorporated features such as multi-sig and smart contracts, which allow for more complex transaction types that may include an option for refund or reversal.

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#143 2023-06-06 21:44:54

joanna
Member
Registered: 2023-01-10
Posts: 2,250

Re: what happens if CRP is lost

oba;12409 wrote:
Vastextension;12408 wrote:
thrive;12404 wrote:

Once a transaction has been broadcasted and validated by as little as one node, the transaction is essentially considered final and irreversible.

Meanwhile, this is one of the key benefits of using cryptocurrencies in financial transactions because it eliminates the need for intermediaries like banks, which can delay or reverse transactions under certain circumstances.

However, there are some exceptions to this rule. For example, some cryptocurrencies and wallets have incorporated features such as multi-sig and smart contracts, which allow for more complex transaction types that may include an option for refund or reversal.

The operations involving these features require multiple confirmations before the transactions can be finalized.

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#144 2023-06-06 21:45:24

Vastextension
Member
Registered: 2022-11-19
Posts: 1,887

Re: what happens if CRP is lost

joanna;12410 wrote:
oba;12409 wrote:
Vastextension;12408 wrote:

Meanwhile, this is one of the key benefits of using cryptocurrencies in financial transactions because it eliminates the need for intermediaries like banks, which can delay or reverse transactions under certain circumstances.

However, there are some exceptions to this rule. For example, some cryptocurrencies and wallets have incorporated features such as multi-sig and smart contracts, which allow for more complex transaction types that may include an option for refund or reversal.

The operations involving these features require multiple confirmations before the transactions can be finalized.

It's always important to take extra care in entering the correct cryptocurrency address, double-checking all transactions, and verifying that the transaction has been completed successfully before considering it final.

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#145 2023-06-06 22:35:09

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,558

Re: what happens if CRP is lost

Dozie;4341 wrote:

Finally made my first transactions with CRP although I sent the coin to someone Crypton uWallet in as much as it's simple I believe with great cautiousness you should not be loosing your CRP Crypton.

Welcome to the club. Its definitely a great step to take and moreover you can always keep the good work up with hard labour.

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#146 2023-06-06 22:48:34

MRBEAST
Member
Registered: 2023-05-22
Posts: 410

Re: what happens if CRP is lost

Comrade;12436 wrote:
Dozie;4341 wrote:

Finally made my first transactions with CRP although I sent the coin to someone Crypton uWallet in as much as it's simple I believe with great cautiousness you should not be loosing your CRP Crypton.

Welcome to the club. Its definitely a great step to take and moreover you can always keep the good work up with hard labour.

Have you made any transaction on the crypton CRP network? How was your experience like? How did you see the time it took for your transaction to be confirmed? And what can you say about the price?

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#147 2023-06-07 07:36:33

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,520

Re: what happens if CRP is lost

MRBEAST;12447 wrote:

Have you made any transaction on the crypton CRP network? How was your experience like? How did you see the time it took for your transaction to be confirmed? And what can you say about the price?

From my experience the time for the transaction to be confirmed is fast and the price is also good. Does not fluctuate wildly like many crypto projects but stays steady overtime.

I will rate an 8.5/10

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#148 2023-06-09 20:36:03

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 1,574

Re: what happens if CRP is lost

Lanistergame2;12484 wrote:
MRBEAST;12447 wrote:

Have you made any transaction on the crypton CRP network? How was your experience like? How did you see the time it took for your transaction to be confirmed? And what can you say about the price?

From my experience the time for the transaction to be confirmed is fast and the price is also good. Does not fluctuate wildly like many crypto projects but stays steady overtime.

I will rate an 8.5/10

With more of a good value and understanding with the experience i had. I dont have any issue with transaction. I will it delightfully works smoothly and the rate is cheap

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#149 2023-06-09 20:55:07

Dozie
Member
Registered: 2023-01-18
Posts: 658

Re: what happens if CRP is lost

crpuusd;12945 wrote:
Lanistergame2;12484 wrote:
MRBEAST;12447 wrote:

Have you made any transaction on the crypton CRP network? How was your experience like? How did you see the time it took for your transaction to be confirmed? And what can you say about the price?

From my experience the time for the transaction to be confirmed is fast and the price is also good. Does not fluctuate wildly like many crypto projects but stays steady overtime.

I will rate an 8.5/10

With more of a good value and understanding with the experience i had. I dont have any issue with transaction. I will it delightfully works smoothly and the rate is cheap

Same here to make the Utopia p2p CRP crypton exchange transaction is very impressive and safe, although I think it should have more coins option for more information.

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#150 2023-06-09 21:04:13

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: what happens if CRP is lost

The Crypton exchange is one exchange everyone should try and see this things for themselves, choosing a good exchange reflects on how one thinks of the project or anything related to it and the Crypton exchange provides the best service

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