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2023-06-29
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Electronic payment between two parties occurs without intermediaries and is irreversible - there is no mechanism for canceling a confirmed transaction (including cases where the payment was sent to an erroneous or non-existent address, or when the transaction was signed with a private key that became known to others). No one can block (arrest) funds, even temporarily, with the exception of the owner of the private key (or the person to whom it became known). But the provided multi-signature technology allows you to attract a third party (arbiter) and implement “reversible transactions”. Using a special scripting language, it is possible to implement other options for smart contracts[2][3][4], but it is not accessible from the graphical interface and is not Turing complete, unlike later blockchain systems

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