Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: worldtraveller321 on November 29, 2017, 08:21:58 AM



Title: Wrong Address in a buying transacation?
Post by: worldtraveller321 on November 29, 2017, 08:21:58 AM
I use a coinomi app as my crypto wallet. Today I made a purchase of some ether. after making the transacation which actually got approved and I got email on it. I realized I type in my Ether Wallet wrong
missed 2 letters. but yet transacation went through to some place

I did not receive my new coin though? did someone else get it? or what can I do if this happens

or is my money gone? forever?


Title: Re: Wrong Address in a buying transacation?
Post by: marky89 on November 29, 2017, 09:55:13 AM
I use a coinomi app as my crypto wallet. Today I made a purchase of some ether. after making the transacation which actually got approved and I got email on it. I realized I type in my Ether Wallet wrong
missed 2 letters. but yet transacation went through to some place

I did not receive my new coin though? did someone else get it? or what can I do if this happens

or is my money gone? forever?

This flaw has always been frustrating to me. Your money is gone, and you don't control the private keys that will let you access it. If you are sweeping private keys, typing is fine. No harm done if you screw up. If you are sending/receiving ETH, a typo can screw up everything.

With Ethereum, it's particularly important to copy/paste or use QR codes. Ethereum addresses don't have checksums (not natively anyway). There is EIP55, but it's a band-aid. if the counterparty hasn't implemented the checksum algos, it does nothing for you.

I wish they'd address it in one of their hard forks. I don't understand why they haven't. Maybe there is some complexity/technical problem that I don't understand.